ANALYST VIEWS: WHAT DO THE CONTRACT WINS MEAN FOR AUTONOMY?

first_img whatsapp VIJAY ANAND | EXECUTION NOBLEOur position on Autonomy is a ‘hold’. It had a disappointing end to 2010, in terms of both results and acquisitions. Now investors’ focus will be on its outlook for 2011.TOM GIDLEY-KITCHEN | CHARLES STANLEYIt is telling that Autonomy hasn’t issued a pre-results trading update. This means it is probably in line with its downward-revised forecasts. Some people are expecting it to reveal an acquisition but I doubt it.ANTHONY MILLER | TECHMARKETVIEWAutonomy has unveiled a lot of contract wins over the last few weeks and we think this shows its focus on winning these big contracts is the right strategy at the right time. ANALYST VIEWS: WHAT DO THE CONTRACT WINS MEAN FOR AUTONOMY? Monday 24 January 2011 7:31 pm whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com KCS-content Share Show Comments ▼ Tags: NULLlast_img read more

Cost pressures up in Eurozone

first_imgWednesday 2 February 2011 8:25 pm Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute Workout Tags: NULL whatsappcenter_img More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Share KCS-content Cost pressures up in Eurozone Producer prices across the Eurozone rose by 0.8 per cent in December, compared to November. The rise was above expectations, and increased the year-on-year inflation rate to 5.3 per cent. last_img read more

PM defends Big Society

first_img whatsapp PM defends Big Society whatsapp KCS-content Sunday 13 February 2011 11:47 pm DAVID CAMERON will today launch a defence of his Big Society plans, as the government opens a new bank for charitable causes.The prime minister will tell social entrepreneurs in a speech today: “The Big Society is my mission in politics.”“Let me make one thing absolutely clear: I’m not going to back down from what I believe in just because of a few bad headlines.”His defence comes as cabinet office minister Francis Maude launches the Big Society Bank, a key plank of the prime minister’s plans to engineer a social investment market.The bank will have an initial capitalisation of up to £300m and will serve to encourage investors to plough funds into charities and social projects.Funded by £100m of cash from dormant accounts and an additional £200m given by the UK’s largest banks, it will use its balance sheet to co-invest, underwrite or guarantee investments along with private sources of capital.Maude will today say: “The Big Society Bank will massively expand finance for social ventures, creating a new source of finance alongside philanthropy and public service contracts. It’s unthinkable for businesses to grow and thrive without capital finance but this has too often been the reality for charities and social enterprises.” Show Comments ▼ Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap Share Tags: NULLlast_img read more

Spain’s cajas hold £84bn in bad assets

first_img Tags: NULL Monday 21 February 2011 8:43 pm SPAINISH savings banks are holding around €100bn (£84.3bn) “potentially problematic” real estate assets, according to the country’s central bank.The figure, which for the first time puts a material sum on the extent of the holdings by the unlisted regional banks, known as cajas, is as high as €217bn in total.Governor of the Bank of Spain Miguel Ángel Fernández Ordóñez yesterday said the exposure did not endanger the country’s financial sector as a whole.The Spanish government last week approved laws requiring unlisted regional banks to boost their capital reserves.The law, which the cajas must show they have plans to conform to by September, will require listed banks to hold core capital levels of eight per cent and non-listed lenders to hold ten per cent.Fernández Ordóñez added that the plan was “absolutely necessary.”Spain’s central bank will publish an estimate of the financing needs for each caja next month. Share Show Comments ▼ Spain’s cajas hold £84bn in bad assets whatsapp whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap KCS-content last_img read more

BEST OF THE BROKERS

first_img Share BEST OF THE BROKERS Tuesday 22 February 2011 7:14 pm BPUBS rates the oil major “buy” with a target price of 550p. The broker believes that BP’s 30 per cent stake in Indian explorer Reliance is worth $7.8bn (£4.8bn), slightly above the $7.2bn payment announced on Monday, and that the deal will raise BP’s gearing to around 16 per cent. UBS thinks the deal shows an aggressive reloading of exploration at the firm that will also add 93,000 barrels of oil a day to BP’s production figures.BRITISH AMERICAN TOBACCOMorgan Stanley rates the firm “equal-weight” and has raised its target price by 220p to £25.45. The broker predicts a cash return for investors as BAT’s net debt falls to around 1.5 times underlying earnings, with the possibility of further small acquisitions. Morgan Stanley views the stock as a consensus play on emerging market growth, with one of the strongest business models in global tobacco.GO AHEAD GROUPNomura rates the transport group “neutral” with a lifted target price of £14.08. The broker has raised its 2011 earnings per share forecast by 12 per cent to reflect strong gains in the UK rail business, and expects the firm’s underlying revenue growth of three to four per cent outside London to at least continue as the cost of motoring rises. However, Nomura does not expect a dividend rise until cover hits around two times earnings. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com KCS-content whatsappcenter_img Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Tags: NULLlast_img read more

Osborne to soften blow of fuel costs

first_img GEORGE Osborne’s Budget will contain a raft of measures designed to mitigate the soaring cost of fuel. The chancellor has scrapped plans to raise air passenger duty (APD) for the fourth time in three years, City A.M. understands. He had been expected to increase the tax on holidaymakers and business travellers in line with the retail price index (RPI) measure of inflation.That would have brought the APD on a business class ticket to Australia to £179, a £9 increase. But with airlines already planning to raise their fuel surcharges in response to surging oil prices, the chancellor decided to remove the increase from Wednesday’s Budget. The decision to freeze APD at current levels – essentially a real-terms tax cut – will cost the Treasury around £150m, although Osborne could mitigate the cost by widening the APD net to include private and corporate jets. Meanwhile, Osborne is expected to scrap a planned above-inflation increase in fuel duty, which would have added up to 5p to a litre of petrol. Yesterday, he said he was “looking very carefully” at whether he could afford to “do something” about the duty hike. The chancellor is keen to neutralise attacks from Labour opponent Ed Balls, who has put rising fuel prices at the centre of an attack on the rising cost of living. whatsapp Show Comments ▼ Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia center_img KCS-content Tags: NULL Sunday 20 March 2011 11:57 pm Osborne to soften blow of fuel costs 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 Wraplast_img read more

Short sellers cover positions on HMV

first_imgMonday 4 April 2011 7:59 pm Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads whatsapp THE PERCENTAGE of shares held short in troubled entertainment retailer HMV has fallen, as sellers cover their positions, according to researcher DataExplorers.The struggling firm had seen 25 per cent of its shares out on loan in January, although investors are no longer shorting the firms stock as heavily.Yet the percentage of the retailer’s stock being shorted remains high, at almost 19 per cent, according to the latest figures (see left).Research director at DataExplorers Will Duff Gordon said: “Even at this level, HMV remains the third most shorted stock in our index, where the average is only 1.8 per cent of total shares outstanding on loan.”Meanwhile, struggling directories firm Yell has 18.9 per cent of its shares out on loan, which represents 89 per cent of the available supply that can be borrowedThe top ten shorted stocks this month also includes Home Retail Group, the company behind the Argos chain. Sharecenter_img Short sellers cover positions on HMV whatsapp KCS-content Tags: NULL More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPuffer fish snaps a selfie with lucky divernypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comlast_img read more

RENAULT’S PELATA QUITS FOLLOWING SPY CASE

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald KCS-content whatsapp RENAULT’S chief operating officer Patrick Pelata resigned yesterday, as the French car maker tried to put the probe into suspected industrial espionage case behind it. Renault fired three executives in January, saying its high-profile electric vehicle project had been targeted by an international spy network, but later had to admit it was tricked, the men did nothing wrong and there was no spying. Monday 11 April 2011 8:17 pmcenter_img RENAULT’S PELATA QUITS FOLLOWING SPY CASE whatsapp Show Comments ▼ Share Tags: NULLlast_img read more

Irish government to establish new gambling regulator

first_img Topics: Casino & games Legal & compliance Lottery Sports betting Strategy Bingo Subscribe to the iGaming newsletter Bingo Regions: UK & Ireland The Republic of Ireland Government has set out plans to form a new gambling regulatory authority with the power to issue licences and fines to operators active in the country’s market. Tags: Online Gambling The Republic of Ireland Government has set out plans to form a new gambling regulatory authority with oversight of the country’s online and land-based market. An Inter-Departmental Working Group has published a new report on the issue, in which it focuses on the future licensing and regulation of gambling in Ireland. In the report, Minister of State David Stanton says Ireland is currently applying a “mid-20th century approach” to gambling activities and not taking into account the advances in digital technologies in recent years. Stanton said comprehensive reform of the industry is required in order to bring the market up to date, but this will not be possible without establishing a new independent regulatory authority.Current Irish legislation does not provide for a coherent licensing and regulatory approach to gambling aside from specific legislation governing the country’s National Lottery, the report noted, with oversight for the sector divided between a number of government departments and agencies. This body would assume responsibility for regulation of the Irish market, which would include awarding licences to operators that want to offer gaming services in the country. The regulator would also have enforcement powers, such as the ability to impose fines on operators and suspend or revoke licences. The new authority would also be responsible for the management of a social fund and subsequent disbursement of monies to approved addiction treatment centres and organisations, as well as raising awareness of gambling-related issues, carrying out industry research and running educational initiatives. In addition, the regulatory body would act as the lead Irish agency in European Union and cross-border cooperation in combating betting-related match-fixing and money laundering. It is intended that the authority would be funded primarily from fees and levies on regulated gambling activities in Ireland. “As the gambling industry changes, and indeed as the demographics and motivations of its customers change, so must the State’s licensing and regulatory approach,” Stanton said in the report. “The Working Group is firmly of the view that without a new independent regulatory authority of sufficient scale, the comprehensive reform required will not be possible. “Effective modern licensing, regulation and monitoring of the gambling industry will come at a cost. The Working Group concludes nevertheless that such an authority can in time be substantially self-financing, through income from licence and other fees charged to gambling operators.” The Irish Bookmakers Association (IBA), the representative body for betting operators in Ireland, has welcomed the new report. Chairperson Sharon Byrne said the new regulatory authority should be introduced as soon as possible. Byne added: “We are hopeful that this will be the final step towards completion and enactment of a Gambling Control bill and independent regulator.  Our members have already introduced many of the advertising standards, customer monitoring and customer protection measures recommended by regulators in other countries. “An independent regulator and gambling control bill, will ensure enforcement and compliance by all gambling operators, not just betting shops, which will lead to better consumer protections and support for those who may be vulnerable to addiction.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 21st March 2019 | By contenteditor Irish government to establish new gambling regulator Email Addresslast_img read more

Macolin Convention set to come into force from September

first_img Topics: Casino & games Legal & compliance Sports betting Horse racing AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Council of Europe’s (CoE) Convention on the Manipulation of Sports Competitions, also known as the Macolin Convention, is finally set to enter into force from September 1, though concerns remain over its definition of illegal sports betting.Switzerland became the fifth CoE member to ratify the convention, after Norway, Moldova, Portugal and Ukraine. Having ratified the Treaty, the five have committed to complying with the legal framework it sets out to tackle match fixing, including the processes for collaborating with other nations on the issue.The convention also sets out legal definitions for issues ranging from conflicts of interest to illegal betting, and controls to address poor governance and the handling of confidential information.“The entry into force of the Macolin Convention is good news for everyone who values fair play and integrity in sport,” said Council of Europe Secretary General Thorbjørn Jagland.“The convention is a major step forward in the fight against corruption in sport and has received firm backing from major sports organisations and partners including FIFA and UEFA. I urge all of our member states, and countries around the world, to sign and ratify the convention as soon as possible.”While the Macolin Convention was first introduced in September 2014, it has been fought at every step by Malta, which vetoed the European Commission signing it on behalf of all 28 member states. It therefore required ratification from at least five CoE member states before it could be introduced in any form.Malta’s objections centre around the convention’s definition of illegal sports betting. This is defined as “any sports betting activity whose type or operator is not allowed under the applicable law of the jurisdiction where the consumer is located”.This, Malta argues, would effectively rule that its licensees’ activity in a number of European markets, using their Malta Gaming Authority licence to justify offering their services there, would be considered illegal. It has demanded the convention be amended since its introduction.Alongside the five countries to have ratified the Macolin Convention, 37 countries have also signed it, most recently Croatia and San Marino. By signing the document, states commit to adhering to the terms of the convention, though this is not legally binding. cAustralia is currently the only non-European signatory, though other countries, including Cape Verde and Morocco, are also understood to have shown an interest in doing so.ESSA, which was involved in the drafting of the convention, described the ratification as “a predominantly positive move.“The Convention sets out a range of practical measures to address match-fixing internationally and it has been broadly supported by ESSA and the wider betting sector,” ESSA secretary general Khalid Ali said.“However, there remain hurdles to overcome,” he added. “The definition of illegal sports betting, in particular, continues to present challenges to universal acceptance of the Convention text.”  Regions: Europe Central and Eastern Europe Switzerland 17th May 2019 | By contenteditor Casino & games Tags: Mobile Online Gambling OTB and Betting Shops Race Track and Racino Macolin Convention set to come into force from September The Council of Europe’s (CoE) Convention on the Manipulation of Sports Competitions, also known as the Macolin Convention, is finally set to enter into force from September 1, though concerns remain over its definition of illegal sports betting. Subscribe to the iGaming newsletter Email Addresslast_img read more