Posts made in September, 2016

Amaya acquires Victiv as their subsidiary to the fantasy market

Amaya acquires Victiv as their subsidiary to the fantasy market

Amaya has been on the brink of maximising its profits since it was initiated way back. With this in mind, the provision of top class services to its clients has been the company’s first priority. This has resulted in the acquisition of more clients to their platform. The more the client, the more income the company earns.

Recently, Amaya has prompted to raid the US markets where there is high possibility of acquiring more customers. To achieve this, the company has decided to initiate the US daily fantasy sports market (DFS) through a confirmation announcement that the firm has to its possession the Victiv which is a real money operator that is based in the US. However, it was not clear the actual amount that Amaya cashed out to acquire Victiv. Before it is being officially launched in the US soil, Amaya confirmed that the new firm Victiv will change its name to StarsDraft.

This comes after Amaya proclaimed to the public last March that it was planning to get involved in the US DFS market as it eyed the kick off of the new 2015/2016 NFL season. The main reason as to why its governance came to this conclusion was due to the fact that it oversaw a greater relationship and potential between the ex US poker client and the DFS market.

The Toronto based operator has fully confirmed the purchase of Victiv together with its services and operations. The firm claimed through a statement that it has no plans of expelling the acquired workers but would rather continue working for the firm in the new acquired operator.

The CEO of Amaya David Baazov claimed that the new dimension of his firm has a direction point of view of venturing in the daily fantasy sporting category and will be keen to pursue straight tracks which will be based on the development of the inside strategy and proper management.

He continued to say that he is focused on giving more information on the plan come the second half of 2015 that would see the company move from poker to daily fantasy sports.

The acquisition of the Austin, Texas based Victiv will be keyy6 in the acquisition of clients due to its easy web access and comes with attractive products and adverts which would suit clients’ pocket

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Mybet performance in the first quarter of 2015 was hindered due to the decreased player activity & margin impacts

Mybet performance in the first quarter of 2015 was hindered due to the decreased player activity & margin impacts

It has been reported that Germany sports betting operator mybet has been faced by a gradual decrease in its SE H1 2015. This has been subject to the decrease by the number of players involved in the curriculum. Though there was an increase in group revenue which went up by 5.5%, the resultant had no any impact on the earnings and profits which oversaw a loss of €238,000 which prompted the firm to incorporate changes over the period.

The several changes that were incorporated were meant to be crucial in the transition of the company in a nearby future in terms of its growth. This would be achieved by the means of putting in place channels that are cost-intensive as well as insertion of good life time revenue for players.

In addition mybet was also hit by a drastic decline in the digital operating margins which fell down by 2.3%. It was noted also that company had overseen the fall of its active clients which fell by a whopping 10%. The number fell from 127,000 in the H1 2014 to current 114,500. This was shocking as the firm had an average active player of 21,000 every month.

However, despite all these downfalls, the company claimed to have recorded little increase in various sectors. It was said that the mybet had a drastic increase in the mobile operation activities which went up by 387% in revenue during the Q2. This has been seen as the key factor to the development of mybet.

The new mybet CEO Zeno Ossko who took charge in July from Sven Ivo Brink claimed that there has been a higher rate in which people win and has resulted to a higher payout to the winnings. This was followed by a downfall in the lower hold margin to 18.9% from the previous 19.9%. The two aspects led to the bad development in betting stakes that had negative impacts on the earnings as well as revenues. Profitability expressed as earnings before interest and taxes (EBIT) was hit by pressure from these two factors.

He concluded that this year the company will be focused mainly on the issues pertaining both the customers’ service delivery and their perfect products rendering.

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Moonah Links golf resort sold off to Chinese buyers by Murdoch’s nephew

Moonah Links golf resort sold off to Chinese buyers by Murdoch’s nephew

Moonah Link’s golf resort which is located at the Mornington Peninsula is currently under the possession of Chinese investors. It was claimed that Paddy Handbury who is the cousin to one of the wealthiest guys in Victoria Rupert Murdoch put on price the glamorous result and it took no time before the Chinese buyers came knocking.

Reports have indicated that the resort which comprises of two golf courses as well as a luxurious hotel based in Fingal near Cape Schanck would cost the Chinese buyers a total of $A18.5 million.

However, Blake Ammit the chief executive officer of Handbury Group made the announcement of the sale of the resort but did not stipulate the actual price tag. He claimed that the new owners emanated from the Chinese consortium as well as the Chinese-Australian businessmen who run their businesses at the Peninsula International Group. However, the resort didn’t include the 18-hole course and resort of The Sands Torquay which still remains at the hands of Mr. Handbury.

Moonah Links has an extra certified parcel that has an empty land that could be used for its expansion. According to Ammit, the new owners would maintain the course but would incorporate the new land which would be a new expansion ground for the resort.

The consortium member have their stakes in the investing firm of Chinese-Australia a company that has its base in Australia and China and intensifies its growth by investing in big hotels and resorts. This is a positive indication to the firm which recently has been curbed with diminishing membership as well as slow-moving sales. This was according to Golf industry consultant Jeff Blunden. He claimed that it is good to see the existence of a willing buyers and sellers and believed that they would expand the golf course which is seen as the biggest golf asset based in Peninsula.

Moonah Links has been involved in various Golf tournaments most notably the Australia Opens that took place in 2003 and the resort has been branded as the “The Home of Australian Golf”. However not all professional golf tournaments are held there as NSW has been playing host too. Ammit claimed that the NSW has been the bitter rival competing to host these events but he believed that the new expansion of the resort would see more events held at Moonah Links.

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