Entrepreneurship is the act of turning an idea into an actual innovation.
—Jessica Matthews
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| Never enough |
Despite improved numbers in its revenue and total gambling turnover, the UK bookmaker recorded an eight-figure loss in 2017.
The cause of the loss depends on who you are asking.
Betfred saw its revenue jump by 9.6%, and its earnings increase by 3% in 2017. Total gambling turnover across its divisions also rose by 17.5% to £12.7b.
The company attributed the loss to rising costs and higher gaming duties. On the other hand, the usual anti-gambling suspects in the UK media highlighted the decision of Betfred founder Fred Done to take a £10.2m annual dividend.
| FEATURED VIDEO |
Lawrence Ho: Premium mass Chinese are knocking on Japan’s door
In this video, the Melco Resorts & Entertainment CEO explains the casino operator’s game plan in luring Chinese tourists once they set up their integrated resort in Japan.
| FROM COINGEEK.COM |
Calvin Ayre honored at Halo Foundation’s Wings of Charity event
The CoinGeek.com owner and Antiguan entrepreneur was feted as the Philanthropist of the Year for his generous support for local causes, including donating medical equipment and supporting rebuilding efforts after Hurricane Irma ravaged Antigua and Barbuda in 2017.
| GLOBAL ROUND UP |
| ASIA |
Four countries have recently intensified their efforts in what seems to be a competition of which country yields the most number of perps arrested for illegal gambling.
Sales from China’s sports lottery during the first week of World Cup 2018 has eclipsed that of the sales made during the same period of the last World Cup by 126%.
| AFRICA |
The Kenyan government seems to have buckled from its previously firm stance to hike its operators’ revenue tax by 35%, with lawmakers proposing the tax rate to 20%.
| CARIBBEAN |
The intervention of the World Trade Organization was sought to pressure the U.S. to end its 15-year trade dispute with the small Caribbean nation.
| EUROPE |
CalvinAyre.com’s Lee Davy interviews the CEO of Isle of Man-based Luckbox about the impact of PokerStars founders on his life.
| FACT YOU NEED TO KNOW |
Multiple studies have suggested that slot machine gamblers are more likely to become gambling addicts three to four times faster compared to punters in other games. The nature, design, and availability of slot machines contribute to the rapidly addictive quality of these games.
| PRESS RELEASES |
Blockchain conference for fintech leaders
Top blockchain developers, cryptocurrency enthusiasts, and business leaders will gather at St. Julian’s in Malta for the Blockchain & Bitcoin Conference Malta – an event that will present developments in blockchain, cryptocurrency, and ICO projects.
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