Month: August 2021


Aspire Global soars after B2B drive in Q3


first_imgBingo Aspire Global saw its share price surge by almost a fifth today after it posted record financial results for the third quarter.Revenue in the three months through to the end of September came in at €28.6m (£21.8m/€25m), up 48% on the corresponding period last year. The Stockholm-listed gaming solutions provider noted significant growth within its B2B operations in Q3, with revenue up 51% to €15.2m, more than half of overall revenue for the quarter. EBITDA rocketed 48% year-on-year to €6.2m, while the firm also saw the number of first-time depositors climb by more than half to 96,600 in the period. Reflecting on the performance, CEO Tsachi Maimon paid tribute to the company’s ongoing growth strategy, which includes a focus on expansion in regulated markets. Aspire in August joined a host of other gambling companies in applying for a new licence in Sweden as part of market re-regulation in January. Should the firm be successful in its bid, Sweden would become its seventh regulated market after the UK, Denmark, Belgium, Portugal, Italy and Malta.Maimon (pictured) said: “During the third quarter, business proceeded with strong performance from many of our partners. Aspire Global developed strongly during the third quarter, as we have been doing consistently during the past year as a result of our growth strategy. “We maintain our focus on regulated or soon-to-be regulated markets. We see great opportunities for a company with our profile to gain market shares in the changing landscape. “Aspire Global has a broad European presence and the current exposure to the Swedish market is minor and the overall affect from the Swedish gaming duties will be marginal from our starting point.” The firm last month also rolled out its new bingo vertical in partnership with a Nordic operator, while Aspire also recently migrated sports operator BetRegal onto its platform. This followed up on an online casino launch with Aller Media Denmark in June. Maimon also spoke about Aspire’s immediate growth plans, saying he expects the company to launch with between two to four signed brands in order to “have a good start for 2019” and “extend the sports offering to additional partners”. In addition, Maimon said Aspire will continue its M&A-efforts, “hoping to realise more opportunities”.Image: Aspire Global Tags: Online Gambling 8th November 2018 | By contenteditor Subscribe to the iGaming newsletter Online gaming company hails “strong performance” by its partnerscenter_img Aspire Global soars after B2B drive in Q3 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Finance Sports betting Bingo Email Addresslast_img read more


Super Graphics Lucky Cats by Realistic Games


first_img Subscribe to the iGaming newsletter Play our paw-some new slot: Super Graphics Lucky Cats. Our new 5-reel slot offers huge multipliers and massive free spins. With a top prize of x500 your starting stake, you’ve just got to ask yourself: Are you feline lucky? Play our paw-some new slot: Super Graphics Lucky Cats. Our new 5-reel slot offers huge multipliers and massive free spins. With a top prize of x500 your starting stake, you’ve just got to ask yourself: Are you feline lucky?You can download the First Look Games affiliate pack for this game here! Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games 28th May 2019 | By Aaron Noy Super Graphics Lucky Cats by Realistic Games Topics: Casino & games Slotslast_img read more


Enlabs finalises acquisition of Belarus’s KDB Games


first_img Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling Subscribe to the iGaming newsletter Topics: Legal & compliance Strategy Legal & compliance 26th November 2019 | By contenteditor Enlabs finalises acquisition of Belarus’s KDB Games Regions: Europe Central and Eastern Europe Belarus Baltic-facing operator Enlabs has completed its acquisition of KDB Games, a land-based gaming business in Belarus, as it prepares to apply for an online gambling licence in the country. Baltic-facing operator Enlabs has completed its acquisition of KDB Games, a land-based gaming business in Belarus, as it prepares to apply for an online gambling licence in the country.The deal, which was first announced in August, is worth approximately €127,000 (£108,712/$139,931), with Enlabs to purchase all of the shares in KDB.New laws regulating the Belarus gambling market came into effect on April 1 this year, with the technical blocking of unlicensed operators to begin in April 2021. In order to secure an igaming permit, an operator must have held a land-based licence for at least two years.Other prerequisites include platform certification and integration to the regulator’s system, an appropriate board and management team and an agreement to pay a $1m (£777,443/€907,576) deposit.As such, Enlabs said that after carrying out legal and financial due diligence, it is of the opinion that KDB is eligible for an online licence. Should the application be successful, Enlabs plans to launch online gaming in Belarus via its Optibet brand.“We are very satisfied to finalise this acquisition and start the online licence application process,” Enlabs chief executive Robert Andersson said. “We are eager to get going and aiming for an initial launch in the first half of 2020.“As we have communicated earlier, this acquisition won’t have immediate effect on our financial results, but it is an acquisition completely in-line with our strategy of entering emerging regulated markets in the Confederation of Independent States (CIS) region.”iGaming licences will not come into effect until April 2021, with any activity in the country before this being deemed illegal. Operators that secure a licence will be subject to a 4% tax on gross gaming revenue.“We aim to offer the largest selection of slots and live casino games, sportsbook, poker and bingo,” Andersson said. “We believe that there will be no more than 10 licensees in the mid-term future with main competition coming from the Eastern operators, which is a market climate we are very experienced in.”Earlier this month, Enlabs posted record revenue for the third consecutive quarter, breaking the €10m barrier for the first time.last_img read more


14 April: Where’s the action?


first_img14th April 2020 | By contenteditor Sports betting iGB, in partnership with sports data specialist Abelson Info, is providing an updated list of the sporting events taking place each weekday throughout the novel coronavirus (Covid-19) pandemic. iGB, in partnership with sports data specialist Abelson Info, is providing an updated list of the sporting events taking place each weekday throughout the novel coronavirus (Covid-19) pandemic.This will ensure our readers have a regularly updated roster of the sporting events happening that day. The format has been tweaked, with a full table of the day’s action at the bottom of the page.Basketball Today’s basketball takes place in China, where the Professional Basketball League and its reserve league will play today, and Chinese Taipei, where the Super Basketball League continues. Darts The Icons of Darts Live League continues today, after David Evans won the first week of the competition, and is joined by A Night at the Darts.Football Today’s only matches are in the Belarus Reserve League, taking place at 10:30am tomorrow (15 April).Golf As with last week, today’s golfing action takes place in Arizona, where the Outlaw Tour’s Arrowhead Classic begins its second round, and the Cactus Tour event second round takes place in Union Hils.Greyhounds Almost all of today’s greyhound racing takes place in Australia, save for some events at Florida’s Naples Fort Myers track.Horse Racing Like greyhound racing, Australia contributes the bulk of today’s events, though there is also action in Nebraska and Oklahoma in the US, and at Japan’s Kawasaki Racecourse and at Rättvik in Sweden.Ice Hockey The day’s only ice hockey is in short form, as Russia’s continues.Table Tennis Eastern Europe continues to dominate the table tennis schedule, with the Czech Republic’s TT Star Series, Russia’s Liga Pro, and Ukraine’s Setka and Win Cups having fixtures scheduled for today (14 April).Tennis Russia’s Liga Pro is the only competition running today.This list is not intended to be exhaustive, and all events are subject to change. iGB is working on adding an esports component to this round-up.Abelson Info was set up by Ed Abelson in 2003 to supply the bookmaking industry with the crucial sports data it required as the online betting industry began to boom. Starting with just a handful of employees and even fewer clients, the business has since grown and evolved to accommodate the ever-changing requirements of the industry.We now supply data and technical services to the majority of the top tier bookmakers and platform providers in the UK, along with many of the biggest media corporations and development firms across the world. We have a stellar reputation for delivering top quality data and are always on hand to support customers, 24 hours a day, 365 days a year. Tags: Mobile Online Gambling 14 April: Where’s the action?center_img Topics: Sports betting Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more


Holland Casino reopens after Covid-19-enforced closure


first_img Regions: Europe Western Europe Netherlands Holland Casino has reopened all 14 of its facilities today (1 July) after closures forced by the novel coronavirus (Covid-19) pandemic.Slot arcades in the country are also permitted to open as of today.The venues had been closed since mid-March and were initially only scheduled to reopen on 1 September.However, after the delayed reopening was criticised by both the operator and national gambling industry trade association VAN Kansspelen, Prime Minister Mark Rutte and Health Minister Hugo de Jonge announced the reopening date would be brought forward to 1 July.“We are very happy that we are open again and that we can fulfill our social task,” Holland Casino chief executive Erwin van Lambaart said. “As of today, our valued guests can safely and responsibly enjoy our hospitality and our exciting range of games.“We have fully furnished all branches in accordance with the 1.5m [social] distancing guidelines, while retaining the atmospheric ambiance that the Netherlands is used to from us. We do ask everyone to make a reservation and adhere to the published guidelines.”Van Lambaart added that slot machines, blackjack and roulette tables will all be available, as will bars and restaurants on site.“Our 4,000 employees are ready for our guests and have received special training,” van Lambaart continued.Holland Casino has put in place a special safety plan drawn up by itself and VAN Kansspelen based on advice provided by a host of different government departments.“We have worked hard to set up our casinos in accordance with the protocol and all guidelines of the RIVM [National Institute for Public Health and the Environment], without compromising the atmosphere and our hospitality,” van Lambaart concluded.VAN Kansspel welcomed the reopening of both Holland Casino and slot arcades across the nation.“Together with Holland Casino and our members, VAN Kansspelen has worked hard to reopen slot machine casinos in the country,” the trade association said. “With an extensive Covid-19 protocol that further outlines the 1.5m distancing rule in practice and further enhances the hygiene of locations, the slot machine sector can fully restart from 1 July.”These protocols include increased spacing of seats between slot machines, limits on the maximum number of guests in a venue and instructions that potential players with a family member who has recorded a fever must stay home. Masks are not required for players or employees, but the guidelines noted that this may change with updated guidance from the RIVM. Holland Casino has reopened all 14 of its facilities today (1 July) after closures forced by the novel coronavirus (Covid-19) pandemic. Topics: Casino & games Slots Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Slot Machines 1st July 2020 | By Daniel O’Boyle Casino & games Holland Casino reopens after Covid-19-enforced closure Email Addresslast_img read more


Monte Carlo operator’s Q1 gaming revenue falls 84.5%


first_img Regions: Europe Western Europe Monaco 24th July 2020 | By Daniel O’Boyle Topics: Casino & games Finance Monte Carlo operator’s Q1 gaming revenue falls 84.5% The Société des bains de mer de Monaco, which operates Casino de Monte-Carlo, reported revenue of €45.1m (£41.0m/$52.3m) for the three months ending on 30 June, the first quarter of its 2020-21 fiscal year, a 60.5% year-on-year decline. The Société des bains de mer de Monaco, which operates Casino de Monte-Carlo, reported revenue of €45.1m (£41.0m/$52.3m) for the three months ending on 30 June, the first quarter of its 2020-21 fiscal year, a 60.5% year-on-year decline.The Société’s gaming sector – consisting of four properties all located in Monte Carlo – was particularly badly affected, with revenue falling 84.5% to €9.6m after all of its casinos closed in mid-March to limit the spread of the novel coronavirus (Covid-19).“This decrease is mainly linked to the closure of all establishments on the first two months of the year, but also to lower revenues in June compared to the same period of the previous year given the health crisis and the travel restrictions in effect.While the Casino de Monte-Carlo and the Casino Café de Paris, reopened on 2 June in line with Monegasque government guidelines, the Sun Casino and the Bay Casino are still closed.The Société’s hotel revenue fell 88.3% year-on-year to €10.8m, while its residential rental revenue grew 14.9% to €24.4m. Other revenue fell 76.7% to €1.5m.The group said it has implemented strict cost and investment controls to limit the impact of the virus on its finances.“All investment projects have been reviewed and a reduction has been made in large budgets while non-essential investments have been suspended. In addition, the SBM Group has negotiated with its creditors to create, to the best possible extent, a better distribution of its financial commitments over time.”center_img Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Addresslast_img read more


FDJ-backed fund invests in esports supplier PandaScore


first_imgPandaScore was founded by esports enthusiasts Guillocheau and Jonathan Retterer in 2015. In 2017, the business raised $2.8m in a seed round led by Alven, with the investor taking a 23.5% stake. Start ups Olivier Martret, principal at Serena, said: “The Covid-19 pandemic highlighted a significant lack of resilience among traditional bookmakers, who really need to increase their agility. This is where PandaScore can help. With FDJ, we are convinced that PandaScore’s tech is a key asset for bookmakers, enabling them to gain new market shares and more efficient and reliable services.” Esports data supplier PandaScore has raised €5m in a new funding round led by a subsidiary of French gaming giant La Française des Jeux (FDJ). The funding round was led by FDJ-owned V13 Invest, which is managed by tech-focused investment fund Serena. Other investors in the round included existing investor Alven, sports-tech investor KB Partners and esports owner and investor aXiomatic Gaming. Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “Providing game-changing data for bookmakers is our way to fuel the growth of esports,” said PandaScore’s founder and chief executive, Flavien Guillocheau. “When bookmakers can offer great esports betting it also helps in raising sponsorships for teams and tournaments.” PandaScore, a provider of real-time AI-powered odds, has recently agreed partnerships with sportsbook BetCris, esports betting platform Pixelbet and fantasy esports company Sleeper. Commenting on the launch last year, FDJ said: “The aim of this strategy is to accelerate the company’s in-depth transformation by infusing it with a digital culture and fostering a better anchoring in the innovation ecosystem.”center_img FDJ chief executive Stéphane Pallez launched V13 Invest in July 2019 as a vehicle to assist new startups. The group said the €30m fund was designed to enhance business processes in the sector. Regions: Europe France 9th October 2020 | By Richard Mulligan FDJ-backed fund invests in esports supplier PandaScore Topics: Finance Tech & innovation Start ups Tags: PandaScore FDJ V13 Invest La Française des Jeux The Paris-headquartered startup will use the cash injection to expand its team in France and Malta, and enhance its product portfolio for bookmakers by covering more esports titles. Subscribe to the iGaming newsletterlast_img read more


ALC 2019-29 revenue down 5.1% as Covid-19 impacts sales


first_imgTurning to revenue by product, $402.0m came through video lottery terminals, down 5.5%. However, ALC noted that revenue was up slightly year-on-year until March, when Covid-19 led to a $20m drop in revenue. Finance ALC 2019-29 revenue down 5.1% as Covid-19 impacts sales Topics: Finance Lottery Sports betting Full year results 2020 Online lottery Retail lottery State monopoly Nova Scotia took over the top spot as the leading province in terms of revenue, despite its contribution declining by 4.6% to $228.8m. This was because revenue from Newfoundland and Labrador declined more sharply, by 8.3% to $227.4m. Read more on iGB North America Tags: Atlantic Lottery Corporation Chris Keevil ALC ALC’s revenue was 5.7% below target for the year, and came on total sales of $1.18bn.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Canada New Brunswick Newfoundland and Labrador Nova Scotia Prince Edward Island Subscribe to the iGaming newsletter Revenue from New Brunswick also declined, by 3.5% to $213.3m, while revenue from Prince Edward Island dipped slightly to $55.9m. Canadian lottery operator Atlantic Lottery reported revenue of CAD$725.5m (USD$523.3m), down 5.1%, for the fiscal year ended 31 March, as lower jackpots and the impact of the novel coronavirus (Covid-19) contributed to a decline in revenue and profit. 14th October 2020 | By Daniel O’Boyle Email Addresslast_img read more


Sports Business : Badminton World Federation announces operating loss of $2.5Mn…


first_img BCCI to form committee to take call on compensating domestic cricketers SHARE Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore Cricket RELATED ARTICLESMORE FROM AUTHOR Sports Business : Badminton World Federation announces operating loss of $2.5Mn for FY 2019 Football Latest Sports News Cricket Latest Sports News YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinition|SponsoredSponsoredMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsored The governing body world badminton Badminton World Federation (BWF) has released its financial reports for the financial year 2019. According to a report published in InsidetheGames, the Kuala Lumpur-headquartered body did a total gross income of $25.8 million in the FY19 ending December. The overall expenditure of the world body for the same period was $28.3 million which resulted in operating deficit of $2.5 million. This compares with a $4.4 million operating surplus and $4.7 million total surplus in 2018.Expenses of BWF– $14.7 million was spent on events,– $5.6 million earmarked for development– $3.5 million general and administrative expenses– $1.15 million marketing– $0.78 million integrity.The most surprising expense – Honorarium Payments to PresidentA note in the accounts also reveals a $100,000 “honorarium to President”. This was unchanged from 2018, but up from $62,500 in 2017 and zero seemingly, in 2016. Normally the global sporting federations world over does not indulge in these kind of pay-outs to the President. But it is surprising to note that BWF which till 2016 had no allocation under this head, has started making honorarium payments to its President from 2017. For the first time in 2017 – USD 62,500 dollars were paid to the President BWF, In 2018 these payments were raise to 100,000 USD and the same was maintained in 2019.On the other hand, Anti-doping costs rose somewhat to just under $480,000.  Included in marketing spend was more than $150,000 earmarked for “China market initiative” and $200,000 for esports. An allocation of $650,000 was made for “HSBC marketing activation”. The bank is BWF’s global development partner. The accounts also disclose that BWF has committed $6 million from its accumulated surplus to “build the human resources capacity of the five continental Confederations” over the six years beginning 2018.Balance Sheet of BWF looking strongThe latest balance-sheet, or statement of financial position, is looking strong for the world badminton body. As at December 31, current assets are just under $46 million more than $43 million of which is cash and bank balances. This should balance sheet and cash in hand show allow BWF to tide over the Covid19 despite of cancellation of events all over the world which will surely impact the BWF coffers in the current financial year. Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country WTC Final LIVE: Devon Conway continues red-hot form, slams fifty to provide New Zealand dream start Cricket WI vs SA 2nd Test Day 3 Live: Roach removes Markram in the first over; SA 20/1 (6 ov)- Follow Live Updates Previous articleWatch Virat Kohli’s ‘Lockdown Diaries’ on Star Sports this weekendNext articleFootball Business : England footballer Raheem Sterling offered $124M deal by Puma Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products.center_img F1 French GP 2021: Max Verstappen pips Lewis Hamilton to win French GP, Perez finishes 3rd Formula 1 By Kunal Dhyani – May 6, 2020 Cricket Facebook Twitter by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGrab the Redeem Code just released for Wilderness Hunter UMP & Shimmy Emote before it expires, Garena Free Fire India ‘Rampage Party Giveaway Day 2’Garena Free Fire Redeem Codes Rewards of 15th June: Easy ways to redeem Free Fire active code check new list of codeGarena Free Fire Redeem Code of 15th June, OB28 Update Announced“The Covid-19 crisis has had a major impact on the whole world, our global badminton community, and our ability to host the BWF AGM 2020. There have been many lockdowns and restrictions on international travel so that’s why Virtual AGM is being proposed” says BWF release. The release further says that the BWF Council has looked for alternatives in order to deal with the Agenda for the AGM 2020 – circulated on 03 April 2020 (linked here) and has proposed to the BWF membership to host a decision making Virtual AGM to complete the business of the meeting. Hosting a Virtual AGM 2020 requires the consent of the membership. The BWF has sent information on the proposal to the membership and a proposal for members. Members have until Friday 15 May to send back the Voting Form in response to the proposal to host the AGM 2020 virtually. Cricket Meanwhile BWF Calls for VIRTUAL AGMThe BWF Annual General Meeting (AGM) was originally scheduled to take place in Aarhus (Denmark) on 22 May 2020, before being postponed to 21 August. The BWF has just postponed the TOTAL BWF Thomas and Uber Cup Finals to October, however the AGM has participants from many more countries (about 130) who usually attend the AGM. It may not be possible to host a face-to-face AGM at any time this year because the continuing restrictions on travel will affect delegates travelling to the AGM. SportBadmintonLatest Sports NewsSports BusinessNews WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video Share on Facebook Tweet on Twitter PSL 2021 Playoffs: Schedule, Timing, LIVE streaming, list of champions; all you need to know Football Euro 2020, Switzerland vs Turkey LIVE: Kahveci scores for Turkey to reduce deficit; Follow Live Updates Tokyo Olympics: Deepika Kumari to be sole entry to Tokyo Games as Indian women’s recurve team fails to qualifylast_img read more


Cricket Business: Cricket West Indies clears ECB loans as ICC releases…


first_imgCricketSports BusinessCricket BusinessLatest Sports NewsSportWest Indies tour of England Latest Sports News Cricket Under this financial stress, how long CWI can hold the fort – only time will tell. Cricket Business : ICC starts clearing revenue shares to members, how much each board gets ? Cricket West Indies (CWI) has declared that US$3M loan given to them by England & Wales Cricket Board (ECB) has been cleared. In the month of May, ECB handed loan to CWIto help settle players’ outstanding salaries and other contingencies. It was alleged at that time, that the loan was given in lieu of CWI agreeing to tour England for the test series amid Covid19 risks.  Cricket Business : ICC payments ’temporary relief’ to CWI, finances still in mess without a broadcast deal WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video The loan from the ECB came at a time that caused controversy for CWI and president Ricky Skerritt. The board was accused of agreeing to tour England during the COVID-19 pandemic because of the loan given to them by ECB. Some went further to suggest that the loan was given to CWI in return for support to Colin Graves the ECB chairman who is vying to become the chairman of the ICC. By Kunal Dhyani – July 23, 2020 PSL 2021 Playoffs LIVE – How to watch Pakistan Super League Playoffs Live Streaming on your Mobile, Laptop WTC Final Day 3 LIVE Score: Devon Conway smashes fifty; R Ashwin gets Latham- NZ 101/1 (45 ovs)- Follow Live Updates Cricket Football Cricket Previous articleBangladesh vs Sri Lanka getting rescheduled in IPL 2020 monthNext articlePremier League Live : Liverpool beat Chelsea in 8 goal super thriller Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. – England Cricket Board stands next in the list. During the cycle England is getting $139 million. 7.8% of total revenue– Australia, Pakistan, West Indies, New Zealand, Sri Lanka and Bangladesh are getting $128 million each. 7.2% of total revenue. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGrammarlyImprove Your Spelling With This Helpful Browser ExtensionGrammarlyUndoPhotoStickHow To Back Up All Your Old Photos In SecondsPhotoStickUndoE! OnlineTLC’s So Freaking Cheap Takes Penny-Pinching to the ExtremeE! OnlineUndo– Zimbabwe will get $94 million. 5.3% of total revenues. The revenue sharing model has been a bone of contention for BCCI as the world’s most influential cricket board had demanded $570 million, which was unacceptable to Manohar, himself a two-time former Board president.– While more than 86% is given to full members, the remaining is shared between the ICC’s Associate Members. Meanwhile the ICC payments just bring in temporary relief to CWI finances. Overall the financial issues still stays the same. CWI still does not have a broadcast deal in place even after 8 months of being in the market. The worst part is that with Indian market not responding too well to any new acquisitions, the struggle for CWI to find a decent deal with stay intact.  Facebook Twitter PSL 2021 Eliminator 1 PES vs KAR LIVE: best way to watch Peshawar Zalmi vs Karachi Kings Live Streaming in your country, India, Follow Live update TAGSCricket BusinessCricket West IndiesEngland & Wales Cricket BoardICC Revenue SharesInternational Cricket Council SHARE – The Board of Control for Cricket in India (BCCI) gets the maximum amounts from ICC. For a complete broadcast cycle of 2015-2023, BCCI’s shares stands at $405 million as per the ICC’s revenue sharing model. Originally, the ICC had agreed to give $293 million but, after hectic negotiations, the ex chairman Shashank Manohar agreed to increase it by $100 million. Finally, it was decided that $112 million more will be given to BCCI from the previously agreed amount. BCCI primarily is getting 22.8% of total revenue shares. center_img Cricket But now the Chief Executive Officer (CEO) of CWI Johnny Grave in an interview with Guardian Media Sports has declared that they have cleared the liability as soon as ICC released their annual revenue shares.  Euro 2020, Switzerland vs Turkey LIVE: Shaqiri doubles Switzerland’s lead after Seferovic opener at HT; Follow Live Updates WI vs SA 2nd Test Day 3 Live: Roach removes Markram in the first over; SA 15/1 (4.5 ov)- Follow Live Updates ENG-W vs IND-W: Sneh Rana reveals England sledged a lot but we did not pay attention BCCI Apex Council Meet: BCCI to bid for 3 major global events in next tournament cycle starting from 2024; Check RELATED ARTICLESMORE FROM AUTHOR Cricket YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoNoteableyAirport Security Couldn’t Believe These Jaw-Dropping MomentsNoteabley|SponsoredSponsoredUndo According to CWI went to England because after they knocked at the ICC door for the early disbursal of the next instalment of members’ revenue shares, it was not possible. The administrative process at ICC’S end was taking the time and that is when ECB chipped in and agreed to provide an interest-free loan to CWI. Cricket According to Grave: “We have received our US$7M from the International Cricket Council (ICC) as our normal revenue share which each board member gets and the ECB has been paid off.” Cricket Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore Skerritt has also denied that the loan ensured CWI’s backing for Colin Graves. He mentioned that the loan was a helping hand given to CWI because of their financial situation that was made from bad to worst because of the COVID-19 situation. PSL 2021 Qualifier 1 ISL vs MUL LIVE: best way to watch Islamabad United vs Multan Sultans Live Streaming in your country, India, Follow… Cricket Share on Facebook Tweet on Twitter After the postponement of the T20 World Cup, ICC has started paying the member boards their annual revenue shares. The West Indian board has got their annual share of USD 7Mn and others are being paid gradually. According to ICC’S understanding with the member boards, check out how much each member board gets from ICC ? Cricket Business: Cricket West Indies clears ECB loans as ICC releases annual paymentslast_img read more




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