Month: August 2021

Ader builds Playtech stake with $100m investment

first_img31st August 2018 | By contenteditor Casino & games Tags: Mobile Online Gambling OTB and Betting Shops Topics: Casino & games Finance Strategy Subscribe to the iGaming newsletter Email Addresscenter_img Shareholding now amounts to almost 5% of the company US investor Jason Ader has spent more than $100m (£76.9m/€85.6m) over the last few weeks to increase his stake in Playtech to almost 5%, amid reports that he is seeking to challenge corporate governance at the firm.Springowl Asset Management, the New York hedge fund led by Ader, carried out a series of share purchases in recent weeks, despite questions about the firm’s future due to financial losses. Last week, Playtech reported a 38% year-on-year drop in adjusted net profit on a constant currency basis to €83.3m in the first half, while earnings before interest and deductions also dropped 13% to €145m. Playtech’s share price has also plummeted almost 50% over the past 12 months due to ongoing concerns over its position in the market. Speaking to The Times about his recent purchases, Ader said the company needs to “improve its reputation, governance and stock price”, adding that he is looking forward to “continuing a dialogue” with its board. The Times also reported that while Ader’s initial focus is corporate governance, the hedge fund could seek to use its minority holding to push for asset disposals or potentially a sale of the company. Ader previously played a major role in the sale of bwin.party to GVC Holdings. In terms of senior management at Playtech, Ader is understood to have concerns over Alan Jackson’s position as chairman. Jackson has recently been linked with a move away from the firm following the arrival of Ian Penrose, the former chief executive of Sportech, as a non-executive director, earlier this month. In July, Playtech also appointed Susan Ball, previously chief financial officer of Unibet Group, as a non-executive director. The Times also suggests Ader remains uncertain over the continued involvement of Playtech’s founder Teddy Sagi. The Israeli billionaire launched the company in 1999, but has gradually sold off his controlling stake in the firm, now holding just 6.3% of shares. A Playtech spokeswoman said: “We continually engage with our shareholders and value their feedback.”Image: PxHere Ader builds Playtech stake with $100m investment AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

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Liechtenstein Casinos bring in combined 53.5m Francs

first_img Liechtenstein Casinos bring in combined 53.5m Francs Subscribe to the iGaming newsletter 2nd October 2019 | By Daniel O’Boyle Email Address Liechtenstein’s two casinos combined to bring in CHF53.5m (£43.5m/€48.9m/$53.6m) in 2018, its first full year with casinos, according to the Department of Economic Affairs’ annual report.Casino Admiral, which operates a casino based in Ruggell close to the Swiss border and opened in August 2017, took in the majority of revenue at CHF 34.8m, up 200% from 2017. With a 37.03% effective tax rate and a CHF300,000 license fee, the casino paid CHF13.2m into the principality’s treasury for the year.Casinos Austria, which operates Casino Schaanwald Liechtenstein, a casino located about 400 metres from the Austrian border that opened in October 2017, took in CHF 18.7m in revenue after taking in CHF 2.7m in 2017. Paying a 34.5% effective tax rate and the same CHF 300,000 license fee, the casino paid CHF 6.7m into Liechtenstein’s treasury, meaning the two casinos combined to pay CHF 19.9m in gambling taxes and fees.The department’s report said that there were many reasons for the high revenue figures, including the ability to attract players from a large area.“The reasons for the rapid growth are manifold,” the report said. “Both casinos have attracted players from Bad Ragaz, St. Gallen and Bregenz; the lack of smoking and the entrepreneur-friendly legislation that allows the most technically advanced GSA to be offered also contributed to its success. Market surveys conducted by the casinos also revealed that the catchment area for the casinos in Liechtenstein is significantly larger than expected.”Lottery revenue, from Swiss lottery company Swisslos, however, declined 2% to CHF 2m.Department of Economic Affairs said it inspected both casinos during the year and that the results of the inspections were generally positive, though recommendations were made in order to improve employee documentation. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Topics: Casino & games Finance Casino & games Regions: Europe Western Europe Liechtenstein Liechtenstein’s two casinos combined to bring in CHF53.5m (£43.5m/€48.9m/$53.6m) in 2018, its first full year with casinos, according to the Department of Economic Affairs’ annual report.last_img read more

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UK’s Liberal Democrats urge responsible gaming rethink

first_img Topics: Casino & games Legal & compliance People Sports betting Casino & games UK’s Liberal Democrats urge responsible gaming rethink 9th October 2019 | By contenteditor Centrist political party the Liberal Democrats has waded into the ongoing debate on responsible gambling in the UK, calling for a complete overhaul of the gaming sector’s approach to tackling responsible gambling.Most notably, it is calling for the slogan “When The Fun Stops, Stop” to be scrapped, claiming that it may be exacerbating what it calls a “gambling crisis” in the country.The party’s calls come as doubts grow as to how effective the slogan, which was launched by the industry’s self-regulatory body Senet Group in 2015, actually is in encouraging responsible play.In August researchers at the University of Warwick conducted a study which concluded there was no statistical difference in how likely subjects were to bet when the message was shown and when it was not.“There is now enough proof that the crass ‘When The Fun Stops, Stop’ slogan is not working, and it could be exacerbating the national gambling crisis,” former Member of Parliament John Leech said. “It’s time to scrap the slogan because let’s be honest, by the time ‘the fun stops’, you are already dangerously addicted.”Leech, who served as MP for Manchester Withington between 2010 and 2015, and currently sits as Leader of the Opposition for Manchester City Council, said it was time for a total overhaul of player protection standards.“Gambling addictions wreck relationships, families and people’s physical and mental health – it’s never just the gambler who suffers,” Leech said.“It is becoming increasingly clear that children’s wellbeing is also being threatened by the gambling addictions of adults around them,” he explained. “These same children tune in to sporting events which are then bombarded by sinister gambling adverts ⁠— if not overtly, through sponsorship deals.”Leech served as the Liberal Democrats’ lead for culture, media and sports during its time in government as part of a coalition with the Conservative Party between 2010 and 2015. The party claims that he led the campaign to reduce the maximum stakes on fixed-odds betting terminals from £100 to £2, which came into force from 1 April this year.He pledged that the party would continue its work “to overhaul the gambling industry by tackling adverts, online betting which encourages ‘penny to pound gambling’ and marketing”.It comes as the latest in a series of evidence hearings for the House of Lords’ Select Committee on the Social and Economic Impact of the Gambling Industry held its latest oral evidence session yesterday (8 October).Formed on 13 June, it issued a call for evidence in July. The committee is examining a number of key issues, such as the current state of the industry, developments in gambling habits – in particular online gambling – and the “gamblification” of sport.It will also scrutinise problem gambling in the UK, with a view to determining whether the industry is contributing enough towards the research, education and treatment of those suffering from gambling harms.“I very much welcome renewed scrutiny in the House of Lords today but both Houses have a responsibility to disregard any vested interests and work towards a bold solution,” Leech added. “This crisis will not be resolved by tapping around the edges – urgent action is needed by the government to end the suffering.”Image: Jwslubbock AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Tags: Mobile Online Gambling OTB and Betting Shops Regions: UK & Ireland Centrist political party the Liberal Democrats has waded into the ongoing debate on responsible gambling in the UK, calling for a complete overhaul of the gaming sector’s approach to tackling responsible gambling. Subscribe to the iGaming newsletterlast_img read more

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DSWV urges total regulatory overhaul ahead of German MPK

first_img Subscribe to the iGaming newsletter Topics: Legal & compliance Sports betting As the Minister-Presidents of Germany’s 16 federal states prepare to meet to discuss the future of gambling regulations, the German Sports Betting Association (DSWV) has urged a root-and-branch overhaul of the current framework.DSWV president Mathias Dahms said that with operators expected to adhere to the restrictive terms of the third amended State Treaty on Gambling until 30 June 2021, the market should be significantly expanded under the legislation that replaces it. Under the State Treaty, which was ratified in March, licence applications will be processed from January 2020. However, operators will be restricted to offering online sports betting, with no in-play, a €1,000 monthly spending limit imposed on players, as well as a 5% tax on turnver. Should its replacement fail to remove these restrictions, and legalise online casino games, the only beneficiaries would be unlicensed operators, with consumers put at risk, Dahms explained.“Consumer protection and regulation are not mutually exclusive,” he said. “Only if the policy channels the existing [online] markets into a regulated framework will player and consumer protection controls be effective.“The planned restrictions to sports betting, artificial barriers in the form of arbitrary spending limits and the continuation of the prohibition of online gaming would only serve to shepherd players towards the unregulated black market.”The DSWV claimed existing regulations ignore evidence about problem gambling in the country, noting that there are no grounds to suggest that online gaming is any more dangerous than other forms of gambling. “The proposed measures are based on the misconception that the availability of a sufficiently attractive range of games, and the simultaneous increase in demand, automatically lead to an increased risk of addiction,” it explained. “In addition, the figures collected by the gambling supervisory bodies and the Federal Center for Health Education (BZgA) are ignored.”The DSWV added that studies suggest the growth of the online gambling market has not led to a growth in gambling addiction.“The market for online betting and online games has nearly quintupled in Germany between 2009 and 2017. The BZgA shows in studies that the explosive growth of the online gambling market has not led to any additional problems with addiction.”Ultimately, it said, regulations that maintain the status quo, rather than significantly expanding the market, would do players a “disservice”.“The channeling of previously unregulated gaming services in a regulated market must be the prime objective of a new state gaming agreement,” Dahms added. “The offers must be so attractive that consumers prefer them to the black market.”The Minister-President Conference will see lawmakers debate changes to German gambling laws from tomorrow (24 October), which would come into force from 30 June, 2021.The country’s slot association added its own input into the regulations this week, arguing that establishments should be permitted to offer multiple game verticals and that updated regulations should maintain the state lottery monopoly on draw-based games.Last month, lawmakers from Schleswig-Holstein, representing the parties in the state’s so-called ‘Jamaika-Koalition’ said they wanted to see a “fair, responsible, transparent and legal” gambling market. The legislators set out demands including for online casino regulation, rules allowing gaming machines and sports betting being offered in the same land-based venue and an end to the prohibition on in-play betting. 23rd October 2019 | By Daniel O’Boyle DSWV urges total regulatory overhaul ahead of German MPK As the Minister-Presidents of Germany’s 16 federal states prepare to meet to discuss the future of gambling regulations, the German Sports Betting Association (DSWV) has urged a root-and-branch overhaul of the current framework.center_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Central and Eastern Europe Germany Legal & compliance Email Addresslast_img read more

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RP iGaming Index: A Rolls Royce ride, or more British Leyland?

first_img RP iGaming Index: A Rolls Royce ride, or more British Leyland? Despite the intrinsic uncertainty and risk posed by yet another UK general election, the Index kept pace with the NASDAQ in the period, with stocks in focus Stars and Flutter the biggest gainers ahead of their proposed merger. By Regulus Partners As we write this, the UK braces itself for another General Election—the third in four years and the first in which all major parties offer a review of gambling policy. While this is ‘only’ likely to affect the UK directly (though its indirect effects will be felt much more broadly, it is worth reflecting that 71% of the index’s constituents derive revenue from the UK and it is the biggest single revenue market for 34% of them. As the world’s biggest single domestically licensed market, UK policy is therefore a very big deal. At the moment, markets (both betting and stock) are expecting a Conservative victory and a relatively light follow-up commitment to regulatory reform. If either of these assumptions prove wrong, then we will be in for a very volatile (read bruising) time. The election outcome is also likely to affect gambling companies in three other ways.First, the economic and cross-border impacts of Brexit are likely to be tested in the event of a Conservative victory and gambling has a lot riding on both of these.Second, while the lack of a Corbyn victory might defuse the risk of harder Brexit scenarios, it also potentially brings in sweeping economic reforms and devolution. It is hard to say which might be more disruptive or could create more lasting damage (or opportunity).The election and subsequent political direction of travel will also affect the value of sterling—with a very real possibility of a much weaker pound either from Brexit or balance sheet fears. UK companies could therefore become prey to their international rivals regardless of gambling policy (assuming the problems in Britain are worse than the problems in the predator’s markets, which is by no means a given in the current climate). Despite the intrinsic uncertainty and risk posed by yet another UK general election, the Index kept pace with the NASDAQ in the period, with stocks in focus Stars and Flutter the biggest gainers ahead of their proposed merger. By Regulus Partners Topics: Finance Another stock the combination will be close to is Smith and Nephew, an advanced wound management specialist. This may be apt, because the online gambling industry’s ability to hurt itself through sharp practice, failure to think through the consumer impact of operational decisions, and poorly considered PR has been proven time and again. Midcap investors expect a bit of madcap—it is part of the high-risk/high-reward trade-off that comes from choosing to own low liquidity stocks. In many ways gambling is made for this world (they have a thing or two in common).Not so the dizzying heights of the FTSE 100 mid-table. Here companies are expected to behave like grown-ups (sharp practice tends to involve entire countries, not just a few VIPs) and no (online-led) constituents of the sector have yet demonstrated they are fully ready for the big league of scrutiny. To be fair, Stars and Flutter are two of the closest to these high standards and companies can grow into a role just as people can. However, in a heavily regulating universe, companies are only as strong as their weakest links, and the online gambling sector sometimes looks like a chain of chocolate.The mega-group must therefore not only raise its own game a bit, but also show the leadership necessary to get the wider sector to raise its game a lot, which is where the combination may stutter… Disclaimer: the narrative provided represents the opinions of the authors. Any assessment of trends or change is necessarily subjective. The information and opinions provided are not intended to provide legal, accounting, investment or policy advice, nor should they be used as a forecast. Regulus Partners may act, or has acted, for any of the companies and other stakeholders mentioned in this article. 12th December 2019 | By Stephen Carter With all of this uncertainty and systemic risk about to crash upon us, we might be expecting jittery markets and an underperforming RP iGaming Index. But instead, the NASDAQ (far less concerned about Britain or gambling) advanced 5.0% over November to YTD highs (up 28% from January) while the index almost kept pace at +4.5% (similarly up 25% from January lows).Perhaps surprisingly therefore, the market appears to see less risk at the end of the year than at the beginning of it, both for wider stocks and for the online gambling sector specifically.Certainly the world hasn’t fallen apart despite simmering trade wars, but perhaps we should thank the resumption of quantitative easing in the short term, without looking too closely to what that might mean for the longer term if we want to keep our sanity.The biggest gainers on a market capitalisation adjusted basis (and therefore the biggest movers of the index) were The Stars Group (+21%) and Flutter (+12%), with the market warming to the likelihood and benefits of a deal and especially the relative positioning of Stars.Since this has been the biggest sector news of the quarter and creates a group which would rank c. 35th in the FTSE 100 (£14bn market cap, bigger than all the other UK listed gambling companies put together), these companies are our stocks in focus.Stocks in focus: Stars and Flutter Stars and Flutter, if given the approval of competition authorities (which we believe likely on close examination given the structurally highly competitive nature of the products and markets which overlap), will create a business the same size as Rolls-Royce in market cap terms.That is a huge leap forward in terms of online gambling’s entry into the mainstream: it can no longer be ignored by any investors of any stripe without an active reason to do so (e.g. running an ethical fund which prohibits ‘sin’ stocks).However, gambling historically performs badly in the public gaze (with the possibly short-term exception of US sports betting) and so the ‘mega-merger’ is setting a significant bar on two levels.First, it can’t afford to mess up the synergies. Historically, putting lots of brands under one roof has had mixed results in a number of sectors—and sustainable innovation around the customer is vital for both resilience and growth.The combination certainly has the resources to do it, but without very careful management of a business of that scale the risk is innovation by committee and the emergence of the gambling version of the Austin Allegro.If innovation splutters (from a relatively low base), then the new-found scale will rapidly become illusory and the combination will not be hobnobbing with Rolls-Royce for long. Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Finance Subscribe to the iGaming newsletter Tags: Online Gamblinglast_img read more

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NBA season suspended as player tests positive for Covid-19

first_img NBA season suspended as player tests positive for Covid-19 Topics: Sports betting Email Address Sports betting 12th March 2020 | By Daniel O’Boyle Regions: UScenter_img The National Basketball Association (NBA) has suspended the 2019-20 season indefinitely after a Utah Jazz player tested positive for the novel coronavirus (Covid-19). AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The National Basketball Association (NBA) has suspended the 2019-20 season indefinitely after a Utah Jazz player tested positive for the novel coronavirus (Covid-19).The league announced the suspension yesterday (11 March), just before the Jazz were set to tip off against the Oklahoma City Thunder.Although the NBA did not name the player who tested positive, Jazz centre Rudy Gobert had been ruled questionable with an illness going into the game and multiple reports have named Gobert as the affected player.Spanish football league La Liga has also been suspended for matchdays 28 and 29 after the Real Madrid squad went into quarantine after a member of the club’s basketball team tested positive for the virus.Read more on iGB North America. Subscribe to the iGaming newsletterlast_img read more

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LatAm struggles weigh on Ainsworth’s H1 results

first_img Ainsworth Game Technology, the Australian gaming machine supplier majority-owned by Novomatic, expects pre-tax losses for the first half of its fiscal year to reach AU$14m (£7.8m/€8.9m/$10.8m), despite revenue improving from the prior six-month period. H1 results 2020 LatAm struggles weigh on Ainsworth’s H1 results 12th February 2021 | By Robin Harrison As a result it expects to make a material non-cash impairment charge on its business in the region.  Australian revenue, meanwhile, more than doubled to AU$19m, thanks to a strong performance from newly launched products. Over the reporting period Ainsworth saw its North American performance improve, with revenue from the region totalling AU$41m in H1, compared to AU$21m in the previous six month period. This again remained down year-on-year, however, with the supplier generating in AU$51m in H1 2020.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter However, Latin America continued to be adversely affected by high novel coronavirus (Covid-19) transmission rates, leading to more venue closures and restrictions.  Regions: LATAM Oceania US Australia Ainsworth’s first half pre-tax loss is expected to come to approximately $14m, though this excludes a currency translation loss of $14m, due to the strengthening of the Australian Dollar against the US Dollar. center_img While the improvement in US and Australian revenue is expected to help underlying earnings before interest, tax, depreciation and amortisation reach $6m – excluding currency translations and one-off items – the business is set to post a loss for the period.  The unaudited result remains subject to further review before it is finalised, with a full breakdown of first half performance expected to be released on 25 February. Audited results will then follow in March Revenue for the six months to 31 December 2020 is expected to come in around AU$72m. While this would represent a 71% improvement on the second half of its 2020 fiscal year – when operations were disrupted by the novel coronavirus (Covid-19) pandemic – it also represents a 33% year-on-year decline.  Subscribe to the iGaming newsletter Email Address This was driven by improved revenue from leasing and rental of its machines, which grew 10% from the prior fiscal year, while its historical horse racing (HHR) products made a positive contribution.  Topics: Casino & games Finance Land-based casino Product & technology Slots Full year results 2020 H1 results 2020 Tags: Novomatic Ainsworth Game Technology “Given the uncertainties and deferrals of purchasing decisions caused by the pandemic within this region, further reductions in revenues are expected in the short term before a return to pre-pandemic activity levels, impacting timing of expected cash flows,” Ainsworth said. last_img read more

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ACMA orders ISPs to block further four gambling websites

first_img The Australian Communications and Media Authority (ACMA) has requested internet service providers (ISPs) to block another four gambling websites that it said have been operating in the country illegally. ACMA found each site to be in breach of the Interactive Gambling Act 2001 and requested that ISPs block access in the country. Regions: Australia Since the ACMA made its first blocking request back in November 2019, 263 illegal gambling websites have been blocked, while over 130 sites have pulled out of the Australian market since the authority began enforcing new illegal offshore gambling rules in 2017. Subscribe to the iGaming newsletter Tags: ACMA In March, ACMA also requested the blocking of 10 other gambling websites, including Play Croco, Aussie Play, Golden Reels and All Spins Win. This followed a request to block another 18 sites in February. “Website blocking provides a valuable opportunity to alert the public to illegal gambling services through the messaging that appears when there is an attempt to access the site,” ACMA said. “ACMA is reminding consumers that even if a service looks legitimate, its unlikely to have important customer protections. This means Australians who use illegal gambling services risk losing their money.”center_img 21st April 2021 | By Robert Fletcher AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter ACMA orders ISPs to block further four gambling websites Bao Casino, Pokie Place, Reels of Joy and Ozwin Casino were all investigated by ACMA after it received numerous complaints about the four websites. Legal & compliance Topics: Legal & compliance Online casino Legal Email Addresslast_img read more

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United World Wrestling announces partnership with Nike

first_imgLatest Sports NewsSports BusinessNewsSportWrestling Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country By Kunal Dhyani – February 23, 2018 Share on Facebook Tweet on Twitter by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGeorgetown UniversityLearn from Anywhere This Summer with Georgetown’s Online Summer CoursesGeorgetown UniversityPhotoStickHow To Back Up All Your Old Photos In SecondsPhotoStickTreehuggerHow To Protect Yourself Against CyberthreatsTreehuggerNenad Lalovic, President of United World Wrestling said, “This is a landmark day for us. Teaming up with Nike, means we align with a sports brand that strives for excellence and is committed to international wrestling. We are looking forward to a great partnership and working with Nike and APS.”APS president Eddie Brown added, “It’s an honor to partner with the UWW as they continue to modernize and improve the sport of wrestling. Our relationship with the UWW will enable Nike to develop deep connections with the global wrestling community. We look forward to engaging with UWW and their athletes, coaches, officials, and National Federations to help us deliver the wrestling community the newest and most innovative products in the world.”Athlete Performance Solutions is the globally authorized distributor for Nike in several sports including wrestling boxing, weightlifting, fencing, volleyball, rowing, and field hockey.  APS also serves as Nike’s authorized distributor of Team Basketball for Europe and Russia, the official distributor for Nike in Running and Track and Field in Russia, and as a Nike distributor for the IIHF (International Ice Hockey Federation). BCCI to form committee to take call on compensating domestic cricketers YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredDefinitionWhat ‘Harry Potter’ Characters Were Actually Supposed To Look LikeDefinition|SponsoredSponsored WTC Final LIVE: Devon Conway continues red-hot form, slams fifty to provide New Zealand dream start Euro 2020- Switzerland beat Turkey 3-1: Shaqiri’s brace keep Switzerland hopes alive; Turkey face exit from Euros Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore Football Cricket Football WTC Final LIVE: Jamieson says, ‘nice and pleasing to get Virat Kohli’s wicket’; Gill feels India could have got more wickets RELATED ARTICLESMORE FROM AUTHOR WI vs SA 2nd Test Day 3 Live: Rain stops play; South Africa in huge trouble, SA 66/6 (24.3 ov)- Follow Live Updates Previous articleRussia pays $15m fine to IOC towards anti-doping sanctionNext articleRenault F1 team announces ‘innovative’ partnership with LaLiga Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. F1 French GP 2021: Max Verstappen pips Lewis Hamilton to win French GP, Perez finishes 3rd United World Wrestling (UWW), international governing body for amateur wrestling, has announced the signing of a four-year strategic partnership agreement with Nike Wrestling, and its global distributor Athlete Performance Solutions (APS). The partnership will start immediately and continue through the 2020 Olympic Games in Tokyo.Under the terms of the agreement, The US-based sportswear brand will be present at all UWW events and in a range of marketing activities. It also includes the licensing rights to develop, distribute and sell a range of UWW branded merchandise and event-specific products. Facebook Twitter PSL 2021 Playoffs: Schedule, Timing, LIVE streaming, list of champions; all you need to know Cricket Formula 1 Cricket WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video Cricket United World Wrestling announces partnership with Nike TAGSAPSAthlete Performance SolutionsNikeNike WrestlingTokyo 2020United World WrestlingUWW SHARE Cricket Cricket Latest Sports News last_img read more

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Rajasthan Royals confirm Paddy Upton as Head Coach

first_imgCricketLatest Sports NewsSports BusinessNewsSport TAGSIndian Premier LeagueIndian Premier League 2019IPLIPL 2019IPL 2019 DatesIPL 2019 SchedulePaddy UptonRajasthan RoyalsRajasthan Royals Coach SHARE Cricket Cricket BCCI to form committee to take call on compensating domestic cricketers Rajasthan Royals confirm Paddy Upton as Head Coach PSL 2021 Playoffs: Schedule, Timing, LIVE streaming, list of champions; all you need to know Facebook Twitter Share on Facebook Tweet on Twitter YourBump15 Actors That Hollywood Banned For LifeYourBump|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|SponsoredSponsoredUndoHollywood TaleHow Victoria Principal Looks At 71 Is HeartbreakingHollywood Tale|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndo Football Cricket RELATED ARTICLESMORE FROM AUTHOR Cricket By Kunal Dhyani – January 14, 2019 Formula 1 F1 French GP 2021: Max Verstappen pips Lewis Hamilton to win French GP, Perez finishes 3rd Football Cricket WTC Final Live: Virat Kohli continues century drought as Kyle Jamieson wins IPL team rivalry Latest Sports News by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGrammarlyAdvertisement Avoid Grammatical Errors with This Helpful Browser ExtensionGrammarlyUndoE! OnlineTLC’s So Freaking Cheap Takes Penny-Pinching to the ExtremeE! OnlineUndoCapital One ShoppingThis hack can uncover JOANN discounts you don’t know aboutCapital One ShoppingUndoAs someone who has represented South Africa in rugby, attained a Masters’ degree in Sports Science, worked as Strength and Conditioning Coach, Mental Conditioning coach to professional athletes, Sports Psychologist and Performance Consultant to cricket, hockey, soccer, rugby teams across the globe, Upton has a deep rooted understanding of sports and professional athletes and the nuances associated with it.Also Read: IPL Updates LIVE: Rajasthan Royals hire ‘scientifically strong’ bowling coach“The experience and knowledge that he brings to the table is unparalleled. As coach, mentor and scientific trainer, Paddy Upton is well versed with the rigours of modern day sport. We are thrilled to have him back in our team and can’t wait to put on our pads and get going in the new season,” said Zubin Bharucha, Head of Cricket, Rajasthan Royals.Upton’s biggest achievement came with the Indian national team, as mental conditioning coach, when he combined with head coach and compatriot Gary Kirsten to guide India to 2011 ODI World Cup title and World No.1 rank in ICC Test rankings. Upton has also held the position of Performance Director of South Africa Cricket from 2011-2014, when South Africa became the first cricket team to hold the World No.1 ranking in all three formats of the game (2012). In 2018, he was inducted into Australia’s Deakin University as a Professor of Practice at its Business School. His role includes creating free online coaching courses for people with an interest in building their career in sports coaching.“It gives us immense pleasure to announce Paddy joining the team. We welcome him back to the Royals Family. Paddy is someone who is well versed with the culture of Rajasthan Royals and he knows what it takes to achieve success in international sport at the highest level. We cannot wait for the season to begin and are so pleased that the BCCI have confirmed it will be held entirely in India,” said Manoj Badale, Lead Owner of Rajasthan Royals.Also Read: Rajasthan Royal @ IPL Auction 2019: The complete team Euro 2020, Switzerland vs Turkey LIVE: Switzerland to punish hapless Turkey; Follow Live Updates WTC Final Day 3 LIVE Score: Latham, Conway resumes NZ innings after Tea break; NZ 43/0 (23 ovs)- Follow Live Updates Rajasthan Royals have roped in renowned and experienced coach Paddy Upton for the forthcoming Indian Premier League season. Upton has outstanding credentials and has been closely associated with Rajasthan Royals in the past. He was the Head Coach for four years, wherein the Royals made it to the semi-finals in the 2013 edition, sensationally pushing its way forward from the bottom of the heap, and also reached the finals of the Champions League (2013). The Royals won 13 straight home matches under him, a feat that stands the test of time in the IPL, the Jaipur-based IPL franchisee confirmed in a Press release.When it comes to T20 leagues, Upton’s experience and insights are invaluable. He has guided and mentored several teams across the globe, be it in IPL, Big Bash or Pakistan Super League. As coach of Sydney Thunder for four years, his success is well charted. Under him the Sydney Thunder made a dramatic turnaround in their fortunes. From finishing with a wooden spoon for three previous seasons and enduring a 19-game losing streak, Sydney Thunder went on to win the 2016 Big Bash League title. Wimbledon 2021 LIVE streaming: When, where and how to watch year’s third Grand Slam’ in you country, India WI vs SA 2nd Test Day 3 Live: Start delayed due to wet outfield, SA lead by 149 runs – Follow Live Updates Previous articleAmbati Rayudu reported for suspect bowling actionNext articleAFC Asian Cup 2019: Catch LIVE India’s quest for pre-quarters berth Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Euro 2020, Italy vs Wales LIVE: Marco Verratti returns and 7 other changes for Italy, check line-up; Follow Live Updates, Cricket Tokyo Olympics: Deepika Kumari to be sole entry to Tokyo Games as Indian women’s recurve team fails to qualifylast_img read more

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