Collins Stewart brand to add Hawkpoint

first_img Show Comments ▼ Tuesday 15 March 2011 8:40 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap whatsapp MID-CAP broker Collins Stewart is to re-brand itself to reflect its growing number of joint mandates with its recent acquisition, Hawkpoint.The resulting entity, Collins Stewart Hawkpoint, would only use the new name for specific advisory work and is subject to shareholder approval. The announcement came as the broker posted a moderate increase in earnings yesterday, with pre-tax profits edging up three per cent to £19m.The improvement was more marked in measures that exclude one-off costs like the firm’s purchase of an office in Frankfurt, with operating profit rising 16.9 per cent to £25.6m.The rise was driven particularly by the firm’s securities business, where profits rose 50 per cent – in contrast to similar business lines at larger banks, which suffered from low trading volumes last year.Chief executive Mark Brown told City A.M. that the broker was “actively seeking more acquisitions” after its successful integration of two wealth management businesses last year. But Brown added: “It’s about being patient. We are very wary about acquiring outside wealth management.” Wealth management offers a stable, even revenue source, he said. whatsapp Share KCS-content Tags: NULL Collins Stewart brand to add Hawkpoint last_img read more

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London hoteliers boosted by room price increases

first_img HOTELS in the capital have seen takings go up so far this year thanks to room price increases, a survey has shown. Rooms were on average £128.31 a night in February, compared with £120.28 in the same month last year. The data from PKF Hotel Consultancy Services showed that occupancy was down by 4.7 per cent.In the regions, figures for February show room rates increased 1.8 per cent from £59.81 in 2010 to £60.91 this year. Robert Barnard, partner for hotel consultancy services at PKF, said: “These are healthy figures for the industry and I expect, particularly for London, that the figures will remain strong over the next few months with the Royal Wedding at the end of April expected to bring in additional visitors to the capital.“It also benefits from the build up to the Olympic Games and the Champions League Final. The regions however, will more likely have a slower recovery.” In Leeds, room rates declined 0.3 per cent to £62.84 in March, but room occupancy was up 0.8 per cent to 74.6 per cent. This meant rooms yield increased overall by 0.5 per cent to £46.89. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm OracleTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmGundry MD Total Restore SupplementWhat Rice Does to the Human BodyGundry MD Total Restore Supplementthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition whatsapp London hoteliers boosted by room price increases Tuesday 26 April 2011 7:49 pm Sharecenter_img Tags: NULL whatsapp Show Comments ▼ KCS-content More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orglast_img read more

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State of the Union: iDEA takes on Wire Act opinion and more

first_img Subscribe to the iGaming newsletter Email Address State of the Union: iDEA takes on Wire Act opinion and more AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter This week’s State of the Union, in partnership with Segev LLP, looks at the latest legal challenge launched against the DoJ’s revised Wire Act opinion, plus developments in Virginia, Arkansas, Indiana and more. Regions: US Arkansas California Indiana Kentucky New Hampshire North Dakota Virginia This week’s State of the Union, in partnership with Segev LLP, looks at the latest legal challenge launched against the DoJ’s revised Wire Act opinion, plus developments in Virginia, Arkansas, Indiana and more.iDEA joins battle against revised Wire Act opinion
 The iDEA Growth trade association, which supports the expansion of regulated iGaming across the US, has become the latest organisation to submit a legal challenge to the Department of Justice’s (DoJ) revised opinion on the Wire Act. Ifrah Law, representing iDEA Growth, filed the lawsuit against the DoJ in New Hampshire’s District Court on February 25.Jeff Ifrah, lead attorney in the suit brought by iDEA Growth, said: “We trust that the New Hampshire Court will give appropriate weight to judicial precedent over political factors in making its decision, a decision sure to have a major impact on a fast-growing industry poised to offer significant economic benefits to states across the country.“The January 14, 2019, opinion glosses over case law precedent and largely ignores the legislative history that accompanied the Wire Act, which supports the original 2011 Memo.”It is the third body to launch a legal challenge against the DoJ’s revised stance on the Wire Act, which rules that the legislation applies to all forms of gambling, and not just sports betting, as the 2011 opinion said. The New Hampshire Lottery and its ilottery solutions provider NeoPollard Interactive have both filed their own suits. The Attorneys General of New Jersey and Pennsylvania, meanwhile, have also attacked the opinion and demanded the DoJ provides assurances that forms of gambling launched in the wake of the 2011 opinion are protected.Virginia just a signature away from betting and casinos The Virginia General Assembly has passed a bill that could legalise sports betting and allow land-based casinos to open in the state for the first time, with only Governor Ralph Northam left to sign the bill into law.The state’s Senate passed the bill by a vote of 30-10, while the House also voted to adopt the bill by 64-27. The House then agreed to a reconsideration, but the bill still went through by a vote of 64-33. Governor Northam must now sign off on the bill in order for it to come into law.Introduced by Democrat Senator Louise Lucas, Substitute Senate Bill 1126 would legalise casino gaming, but limit it to cities with an unemployment rate of at least 4%, a poverty rate of 20%, and which had experienced a population decline of at least 7% between 1990 and 2016. Tribal casinos would be permitted in cities with a population of at least 200,000, and in which 24% of all real estate is exempt from local property taxes. To open a casino, each local authority would need to hold a local referendum in order to gain approval from residents.The Virginia Lottery Board would be responsible for regulating the market, with licensed casinos to pay tax at a rate of between 13% and 15% of gross revenue.Kentucky bill passed by House committee The Kentucky House Licensing, Occupations and Administrative Regulations Committee has passed House Bill 175 without a single vote against and only one abstention. House Bill 175 would enable racetracks and sports venues in Kentucky to offer in-person, online and mobile sports betting, while also opening up legalised fantasy sports games and online poker.The original version of the bill stated that sports betting licences would cost an initial $1m (£769,600/€882,100), plus an annual renewal fee of $50,000. Tax for in-person wagering would be set at a rate of 10.25% on adjusted gross revenue of sports wagers, while online or mobile bets would be taxed at 14.25%.House Bill 175 now progresses to the Kentucky House of Representatives. In order to pass through the House, it would require a minimum of 60 out of 100 votes. After this it would go to the Senate for further scrutiny.North Dakota betting bill moves forward
 House Bill 1254, which aims to legalise in-person wagering in North Dakota, has progressed through the state’s House of Representatives.The bill received 46 votes to 44 in its initial second reading in the state’s House of Representatives, but did not pass due to lack of constitutional majority. However, after reconsideration, the bill eventually passed with a vote of 52 in favour and 38 against.House Bill 1254 calls for sports betting to be classed as a game of chance, with operators to face different tax rates based on gross sports wagering proceeds. Those with proceeds under $1.5m each quarter would pay tax at 1%, while facilities over this threshold would face a rate of 2.5%. The bill would also permit only one of two or more closely related organisations to hold a sports wagering licence at one time.It will now be debated by the North Dakota Senate once it reconvenes on February 27.Arkansas casino and sportsbook regulations head to Secretary of State The Arkansas Racing Commission’s rules for casino gaming and sports betting have been approved by the Joint Budget Committee’s Administrative Rule & Regulation Review Subcommittee.The rules, which were passed to the subcommittee after being approved by the Racing Commission last week, were nodded through February 26. They now head to the Secretary of State’s office, and pass into law 10 days after being filed.The 314-page document sets out a comprehensive set of regulations covering land-based casino gaming and sports betting, with the proposals now headed to lawmakers in the state for further scrutiny.This follows the publication of the document in late January and an invitation for public comment on the proposed regulations.It sets out a tax rate of 13% of the first $150m of net casino gaming revenue, which rises to 20% on any sum above that figure. Gaming taxes must be paid before the twentieth day of each month.WatchandWager secures California extension
 Webis Holdings subsidiary WatchandWager has renewed its online pari-mutuel betting licence in California for a period of two years.Approved by the California Horse Racing Board (CHRB), the licence will run from 2019 until 2021 and allow WatchandWager to continue to accept online pari-mutuel wagers from residents in the US state. Webis, which specialises in pool wagering and operates the WatchandWager Cal Expo harness track in California, had secured an initial three-month extension for the licence prior to full approval.“Our licence to accept online wagers in California and at our physical racetrack operation are a tremendous asset to the company,” WatchandWager president Ed Comins said.Indiana edges closer to legal wagering
 The Indiana Senate has passed a bill that could lead to the legalisation of sports betting in the state, with the House now set to debate the legislation.Senate Bill 552 would allow licensed casinos across the state to offer wagering services on both professional and college sports as early as next year.The Senate approved the bill by a vote of 38-11, allowing the legislation to move forward to the House for further discussion. The bill has already gained approval from the Senate Public Policy Committee.The bill remains subject to amendments, but the current version states Indiana casinos would be permitted to offer sports betting in person or online to punters who are at least 21 years old. It would also allow for live table games to feature at racetracks from as early as this year.However, the bill would not allow betting on esports contents or any high school or youth sports events. Casino & games Tags: Fantasy Sports Mobile Online Gambling OTB and Betting Shops Race Track and Racino Skill Games Slot Machines 28th February 2019 | By contenteditor Topics: Casino & games Legal & compliance Sports betting Slots DFS Horse racinglast_img read more

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West Virginia igaming bill heads to Governor

first_img Tags: Mobile Online Gambling OTB and Betting Shops Race Track and Racino Topics: Casino & games Legal & compliance Sports betting Table games Horse racing West Virginia igaming bill heads to Governor Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter West Virginia is just one step away from becoming the fifth state to legalise online gambling, with a bill currently awaiting Governor Jim Justice’s signature. House Bill 2934, which was introduced by Delegate Jason Barrett on February 12, has been passed by both chambers of the West Virginia legislature, gaining final approval on the last day of the 2019 regular session. Casino & games Regions: US West Virginia 11th March 2019 | By contenteditor Subscribe to the iGaming newsletter West Virginia is just one step away from becoming the fifth state to legalise online gambling, with a bill currently awaiting Governor Jim Justice’s signature.House Bill 2934, which was introduced by Delegate Jason Barrett on February 12, has been passed by both chambers of the West Virginia legislature. Having passed the House in February, it was then passed by the Senate on March 8, the second-last day of the 2019 regular session by a vote of 26 in favour, and seven against.As a result of minor tweaks made in the upper chamber, it then returned to the House for final approval, which was secured on March 9, with 78 Delegates voting in favour, 18 against and four abstentions.It now passes to the Governor for final ratification, though Justice can allow the bill to pass into law without his signature, as he did with the state’s sports betting regulations. Should it become law, West Virginia would join Delaware, Nevada, New Jersey and Pennsylvania in regulating online gaming.The bill, named the West Virginia Lottery Interactive Wagering Act, allows for five-year licences to be awarded to the state’s land-based casinos, at a cost of $250,000 (£192,600/€222,300), with igaming taxed at 15% of gross gaming revenue. Operators will be able to offer online poker, slots and table games.The state’s land-based venues, Hollywood Casino, Mountaineer Racetrack and Casino, Delaware North’s Nitro and Wheeling properties and Justice’s Greenbrier resort, would be able to allow online-only brands to run as skins under their licences.In related news, West Virginia’s only licensed online sports betting site, the Miomni-powered Delaware North-owned BetLucky brand, is currently offline. According to the West Virginia Lottery, this is due to a dispute between the operator’s sports betting solutions provider Miomni and a third-party vendor.This has also resulted in land-based sports betting at Delaware North’s Mardi Gras Casino & Resort and Wheeling Island properties being shut down.The lottery, which effectively acts as the regulator of gambling in the state, said it was monitoring the situation and was working with all parties to resolve the issue as quickly as possible.While West Virginia’s sports betting regulations allow for licensees to launch online services alongside land-based, Delaware North has been the only operator to move into the channel since the market opened on August 31, 2018.last_img read more

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No changes to German State Treaty following EC criticism

first_img No changes to German State Treaty following EC criticism Topics: Casino & games Legal & compliance Sports betting Poker Subscribe to the iGaming newsletter 29th August 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The state of Nordrhein-Westfalen claims criticism of the third amended State Treaty on Gambling by the European Commission will not lead to any major changes to the wording of the legislation.Earlier this week it emerged that EC general director Lowri Evans had cast doubt as to how effective the Treaty would be in channeling operators and players into the legal market.Evans in particular took issue with the short duration of licences, which are due to be awarded early in 2020 and in effect until 30 June 2021, after which a new regulatory framework is expected to be implemented.This was written in a so-called ‘blue letter’, a formal notice that acts as a precursor to the launch of infringement proceedings against a European Union member state.However a spokesperson for the State Chancellery of Nordrhein-Westphalen said Evans’ letter “contains nothing that might lead to any changes being made to the wording of the 3rd State Treaty on Gambling”.“On the contrary, the EU Commission expressly welcomes the ruling’s core aim to rescind the limitation on numbers of concessions that can granted for sports betting,” they added. “The Länder [German federal states] are currently consulting on how to react to the comments made by the European Commission.”However leading German gambling lawyer Dr Wulf Hambach warned that the blue letter put further pressure on the states to develop a satisfactory framework from 30 June, 2021.Writing for the trade publication Legal Tribune Online, Hambach said German risked having infringement proceedings launched, as the states had failed to perform a number of standard tasks in relation to gambling regulations.In particular, they are yet to provide the European Commission with any data to prove the dangers of online casino games, which are prohibited under the State Treaty, he said.Hambach previously told iGamingBusiness.com that support for a liberalised regulatory model, in line with Schleswig-Holstein’s breakaway model in which all products are permitted and a 20% gross revenue tax is levied on operators, was gaining support.The likes of Hesse, Nordrhein-Westfalen, Rheinland-Pfalz and Baden-Wuerttemberg were all in favour of such an approach, he explained, with the likes of Sachsen, Bayern and Sachsen-Anhalt also potentially in favour.In the wake of the EC criticism and against this backdrop of growing support for liberal legislation, the Minister-President conference, scheduled for October, could be “groundbreaking”, he said. This could see lawmakers set out a roadmap to a new, satisfactory, regulatory model. Casino & games The state of Nordrhein-Westfalen claims criticism of the third amended State Treaty on Gambling by the European Commission will not lead to any major changes to the wording of the legislation. Email Address Regions: Europe Central and Eastern Europe Germany Tags: Card Rooms and Poker Mobile Online Gamblinglast_img read more

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Belgium launches industry consultation on ad restrictions

first_img The Belgian Gaming Commission (BGC) has launched a consultation on the sweeping advertising restrictions that came into effect from 1 June this year, through which it is looking to understand the challenges operators face in complying with the new controls.These controls were introduced to ramp up player protection standards in the country, after the country’s government found online gambling advertising to have become “ubiquitous”, with more than 1m players registering with licensed operators.As a result, advertising online casino games on television was banned, due to slots being seen as being a particularly risky form of play.The advertising of sports betting, while still permitted across all channels, is now heavily restricted. Adverts for sports books must not be shown during live sports broadcasts, though is permitted before and after the event starts. There is also a fifteen minute window either side of programmes aimed at children or young people in which no ads can be broadcast.The promotion of bonuses anywhere but the operator’s website have also been banned, while offers to reimburse players for losses are also prohibited.Furthemore, players have been set a weekly spending cap of €500 per week, which can be reduced with immediate effect. They may request to increase their spending limit, though must three days before this is implemented, while a credit check must be carried out as part of the approval process.All ads must also carry the message “Jouez avec modération” (Play in moderation), with this messaging to account for at least 4% of the ad space.Operators have been asked to send their comments and suggestions to the BGC by 4 October. There will also be an opportunity to present their observations to the sub commission handling the consultation on 15 October, provided they confirm their attendance by 11 October. Casino & games The Belgian Gaming Commission (BGC) has launched a consultation on the sweeping advertising restrictions that came into effect from 1 June this year, through which it is looking to understand the challenges operators face in complying with the new controls. 25th September 2019 | By contenteditor Regions: Europe Western Europe Belgium Tags: Mobile Online Gambling Topics: Casino & games Legal & compliance Marketing & affiliates Sports betting Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Belgium launches industry consultation on ad restrictions Email Addresslast_img read more

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Yggdrasil brings in veteran Krantz to lead new publishing arm

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Yggdrasil brings in veteran Krantz to lead new publishing arm Email Address Topics: People Strategy Yggdrasil, the online gaming solutions provider owned by Cherry, has appointed industry veteran Björn Krantz to head up its new publishing business. Yggdrasil, the online gaming solutions provider owned by Cherry, has appointed industry veteran Björn Krantz to head up its new publishing business.Krantz will join Yggdrasil as head of publishing in January, having left his most recent role as chief operating officer in September after more than 10 years with the slots specialist.The new publishing division has been launched as Yggdrasil seeks to become what it calls a “content enabler” for global partners including operators, suppliers and studios.Through the unit, customers will be able to licence any or all elements of Yggdrasil content from its current and future portfolio, as well as its gamification and affiliation tools, platform technology and Game Development Kit (GDK).“Ever since Björn and I discussed the initial plans for the new business model and our future growth expectations I knew he was the right person to lead the publishing division which will be central to our success,” Yggdrasil chief executive officer Fredrik Elmqvist said.“We’ve spent months carefully planning this new strategy, basing it on the solid foundations we’ve built up over several years and crucially adding several highly innovative and never-before-seen layers that will see the business grow exponentially across the globe.”Krantz added: “I have enjoyed many exciting years and moments within the iGaming industry, and since a few months back I have been able to reassess what could be the most thrilling and rewarding next step challenge. When Fred outlined his vision for the entire business, I felt straight away there was a perfect match.“I am delighted to have been given the trust and confidence to lead the newly formed, and strategic publishing division, which is clear proof that Yggdrasil means business, and continues to invest in innovative and future proof value propositions globally.” 25th November 2019 | By contenteditor Subscribe to the iGaming newsletter Tags: Online Gambling Companies: Yggdrasil Peoplelast_img read more

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Gaming Realms seeks new CEO as Southon departs

first_img Topics: Finance People Strategy Mobile games developer Gaming Realms has announced that Patrick Southon has stepped down from his role as chief executive and its board with immediate effect. Tags: Mobile 11th February 2020 | By contenteditor Gaming Realms seeks new CEO as Southon departs Financecenter_img Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Mobile games developer Gaming Realms has announced that Patrick Southon has stepped down from his role as chief executive and its board with immediate effect.Southon had served as CEO since co-founding the developer in July 2013, but will now leave the business to pursue a new challenge. He follows co-founder Simon Collins, who also left Gaming Realms in October last year to take on a new role with News UK.Non-executive chairman Michael Buckley will now become executive chairman until a permanent replacement for Southon is appointed. Buckley will also have support from chief financial officer Mark Segal.“During my six years as CEO, the main focus of the company was on B2C real money gaming,” Southon said. “However, with the last of those assets disposed of in July 2019, and the company now stable and successfully implementing its new B2B focused game development and licensing strategy, I feel now is the right time for me to pursue a new challenge.“It has been an honour to work alongside everyone at Gaming Realms and I wish them and the company every success in the future.”Buckley added: “Patrick has made a valuable contribution to the company over the last six years as CEO, most recently helping to successfully evolve the company’s resources and strategy to better suit the changed regulatory landscape we operate within. On behalf of the board, I wish him every success in the future.”Meanwhile, Gaming Realms has published a trading update for the 12 months to 31 December 2019, saying that it expects revenue to be ‘modestly ahead’ of its initial forecasts for the period.The developer put this performance primarily down to the success of its content licensing business, which it said continued to expand last year with eight new licensing agreements.As a result of this better-than-expected reveue and continuing control of costs, Gaming Realms said it is likely to report an adjusted earnings before interest, tax, depreciaito and amortisation loss for the year of £500,000.Buckley said: “FY19 was a transformational year for Gaming Realms, and I am delighted with our overall performance. We are now a simplified business with a clear and attainable strategy underpinned by a skilled and talented management team.“The combination of our strong games portfolio, our existing distribution agreements with global partners, and our strong pipeline of new partnerships, means we are cautiously optimistic about the significant opportunities ahead of us as we focus on the growth of the company.”Gaming Realms expects to report its preliminary results for the 2019 financial year during the week commencing 13 April 2020. Subscribe to the iGaming newsletterlast_img read more

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Covid-19 forces SIS into “hibernation mode”

first_img27th March 2020 | By contenteditor Covid-19 forces SIS into “hibernation mode” Subscribe to the iGaming newsletter Topics: Sports betting Strategy Tech & innovation Horse racing AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The suspension of almost all live racing and closure of retail betting shops worldwide as a result of the novel coronavirus (Covid-19) pandemic has forced Sports Information Services (SIS) to shut down all non-essential services and furlough a significant number of staff. “We are taking this action to protect the business and to preserve the jobs of our hard-working team,” he explained. “I thank each of them for their fantastic commitment to continuing to service our content partners and customers throughout the last challenging weeks and look forward to welcoming them back into the business as soon as possible.” The suspension of almost all live racing and closure of retail betting shops worldwide as a result of the novel coronavirus (Covid-19) pandemic has forced Sports Information Services (SIS) to shut down all non-essential services and furlough a significant number of staff.The betting data and software provider explained that it had taken the step to protect its long-term future, and ensure it would be able to resume normal service for customers and partners when appropriate.During the shut-down, it will continue to supply online content to operators when available, though all retail solutions will be suspended.“SIS is moving into an interim period of hibernation in these extraordinary times,” chief executive Richard Ames said. “I am pleased to be able to confirm that our intention is to come back just as strongly as before and to be back up and running to serve the needs of our customers as soon as live racing content returns to action. Tags: Race Track and Racino Horse racing Email Addresslast_img read more

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ESIC bans 34 more CS:GO coaches after cheating investigation

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address As a result of the investigations to date, ESIC has issued sanctions against 37 coaches. However it was not able to ascertain with any certainty whether the teams related to the offending coaches were aware of or complicit in the exploitation of the bug. Out of a total 99,650 game demos received, initial estimates demonstrated a need to review some 25,000 demos, of which ESIC has reviewed approximately 20%. It states, however, that those demos already reviewed likely comprised the most substantial cases of abuse. ESIC bans 34 more CS:GO coaches after cheating investigation Any coach identified who wishes to contest his guilt may now appeal the decisions by writing to the chairman of ESIC’s independent disciplinary panel. The bug allowed coaches to move freely around in-game maps during matches, meaning they could access information on the opposing team’s whereabouts, feeding information back to their teams in order to give them an unfair advantage. While ESIC originally estimated the investigation would last for around 8 months, turnaround has been faster than expected and it claims the investigation will now be completed by the end of October, at which point the commission will issue an additional report, subject to any additional complications which may arise during the investigative process. Topics: Esports esports regulation In order to carry out the investigation, ESIC received full access to esports portals HLTV and ESEA’s databases of match demos, allowing them to scan in excess of 96,500 demos. After finding three coaches guilty of exploiting the bug on 3 September, the investigation has, to date, brought sanctions against a further 34 coaches, who will now face professional bans of varying lengths between some 4 months and 3 years. ESIC claims that only 0.1% of the total 99,650 demos received for review have returned a positive indication of spectator bug abuse. During the investigation, ESIC identified evidence that the bug had previously been referred to admins in non-ESIC member tournaments as far back as 2017, but that it is not aware of how these reports were treated by non-members. 28th September 2020 | By Aaron Noy The bans will prevent the coaches from being able to communicate with their teams, from 15 minutes prior to official match starts up until the end of matches, as well as being present around their teams during the same period, being on the game server during official matches, being on the official match channel on the Discord server, being part of the official map veto process or being in communication with their teams during this process. Subscribe to the iGaming newsletter Esports The Esports Integrity Commission (ESIC) has published the outcome of the first part of its investigation, launched on 4 September, into the historical exploitation of the so-called ‘spectator bug’ used by some Counter Strike: Global Offensive (CS:GO) coaches.last_img read more

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