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Typhoon Hagibis stirs up six-figure payout for Sporting Index

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Spread betting firm counting the cost after at least two Rugby World Cup games cancelled this weekend

Leading spread betting firm Sporting Index are staring down the barrel of a six-figure payout after World Rugby and the Japan Rugby 2019 Organising Committee took the decision to cancel two matches this weekend due to the predicted impact of Typhoon Hagibis.

The England v France and New Zealand v Italy pool games have both been cancelled, with all four teams awarded two points as part of a 0-0 draw. This has a major effect on a number of Sporting Index’s long-term tournament markets, including total tournament points, total tournament tries and shirt numbers – the aggregate of every try scorers’ shirt number throughout the tournament.

All long-term markets are settled in accordance with the Sporting Index rule book, which means the official result of these matches is 0-0. This is great news for sellers (those who bet lower on the tournament markets), but potentially terrible for buyers (those who bet higher).

In an extremely unusual situation, Sporting Index have taken the extraordinary decision to compensate buyers of affected long-term markets with an allocation of points for these cancelled matches.

The allocation Sporting Index clients will receive is determined by the Sporting Index Rugby Trading Team who will allocate the mid-point figure that any particular market was priced up at. For example, the England v France total points market was priced up in the Sporting Index systems as 34-37, so buyers of long-term total tournament points will be compensated with a refund on their account of 35.5 points multiplied by their stake.

Karl Suntay, Client Services Director at Sporting Index, said: “Our decision to compensate buyers in this highly unusual scenario means that sellers have had all their Christmases come at once while buyers have been extremely well looked after.

“All markets will always be settled in accordance with the Sporting Index rule book and the decision to compensate those who have bought affected long-term markets is costing us a six-figure sum. Hopefully this rubber stamps Sporting Index’s reputation with our clients as being known as ‘Sporting by name and Sporting by nature.”

There is the threat of another two matches being cancelled on Sunday – Scotland v Japan and Namibia and Canada – and buyers can rest assured that Sporting Index will continue to look after them should this situation arise again.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Typhoon Hagibis stirs up six-figure payout for Sporting Index

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Caesars and Eldorado Set Date for Shareholders Meetings

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Caesars Entertainment and Eldorado Resorts have announced that they will hold separate shareholder meetings on November 15 to vote on their proposed US$17.3 billion merger.

The meetings will see Caesars shareholders cast their vote at Caesars Palace in Las Vegas from 9 am Pacific Time while Eldorado shareholders will converge on Eldorado Resort in Reno. At stake is one of the biggest corporate gaming industry deals in history, with Eldorado looking to acquire the entire outstanding share capital in Caesars by way of a US$7.2 billion cash payment, 77 million Eldorado common shares and the assumption of Caesars’ outstanding net debt.

If approved, Caesars will merge with Eldorado subsidiary Colt Merger Sub Inc and become a new wholly-owned Eldorado subsidiary existing under the Caesars name.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Caesars and Eldorado Set Date for Shareholders Meetings

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Tom Horn’s Hot’n’Fruity promises classic entertainment with huge winning potential

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Watch the winning blaze explode !

Tom Horn Gaming’s new slot game, Hot’n’Fruity, promises to satisfy any craving for a feature-packed, visually attractive gaming entertainment.

In recent months the provider has upped its game, releasing more engaging titles with new innovative features, while still keeping classic player experience alive. This well-balanced combination of new ideas, presented in the form of game mechanics, and a tried and tested game concept, theme or visual is reflected also in Hot’n’Fruity.

Despite its thematic simplicity, this 5-reel slot is extremely engrossing due to its nifty features and winning rhythm. There are two symbols to look for. A W-star symbol appears anywhere on the screen and acts like a random Wild showering players with unexpected big wins.

R-stars are the ultimate characters to come across in Hot’n’Fruity as they trigger a Respin Wild feature when they land on the 2nd, 3rd or 4th reel. They expand to cover the whole reel, remaining in place while the other reels respin.

This game is sure to award lucky players with many winning opportunities. In addition to a nicely devised winning pattern, the art style is extremely well drawn and quickly pulls players into the settings.

The game is just another fruity slot, but a more inspired, nuanced alternative sure to capture the attention of players in many markets. It is available worldwide from 15th October 2019.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Tom Horn’s Hot’n’Fruity promises classic entertainment with huge winning potential

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Privatisation of FDJ to Begin in November

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Bruno Le Maire, France’s finance minister, has revealed that the subscription period for Française des Jeux’s (FDJ) initial public offering (IPO) will run from November 7–20. The privatisation of FDJ, the leading operator in Europe, in being anticipated as one of the year’s main highlights.

Bruno Le Maire said that French people and investors will have the chance to subscribe to FDJ shares between November 7 and November 20. He added that the state will not fix a limit for the offering, and that retail investors will get one free share for every 10 shares purchased and a 2% discount on the offer price.

The French state currently holds 72% of FDJ, but after the privatisation, it will only have 20% of the company. Government spokeswoman Sibeth Ndiaye said that the ordinance ends the FDJ monopoly to replace it with a limited-term right, set at 25 years and renewable.

“I hope that this privatisation popularly succeeds with the widest participation possible,” Le Maire said. The minister added that the privatisation will allow the company to develop and reach its full potential.

As part of the privatisation, the French government unveiled the creation of the L’autorité nationale des jeux (ANJ), which will replace L’autorité nationale de régulation des jeux en ligne (ARJEL).

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Privatisation of FDJ to Begin in November

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