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Goldman gets off to a slow start in the M&A leagues

first_img whatsapp KCS-content Share Goldman gets off to a slow start in the M&A leagues Tags: NULL Show Comments ▼ whatsapp 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 TimesBetterBe20 Stunning Female AthletesBetterBeDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todaymoneycougar.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 Herald Maybe it just says something about the company I’m keeping but I’ve recently been drawn into countless discussions about the relative underperformance of Goldman Sachs in the latest Thomson Reuters mergers and acquisitions (M&A) rankings. In the worldwide category, Goldman, normally such a predictable M&A machine, slumped from first to fourth. In M&A with a US involvement it slipped from first to tenth.Untypically, but making things worse, Goldman has been omitted from a number of big deals recently. Take the £4.4bn share issue announced over the weekend by the luxury German carmaker Porsche. Deutsche Bank, Morgan Stanley and JP Morgan are all on the ticket – but there is no room for Goldman. Then there’s AT&T’s $39bn bid for Deutsche Telekom’s T Mobile unit. Again, Goldman is on the sidelines, reputedly because of its advisory role with rival Sprint.Goldman is also excluded from the considerable action possibly about to surround the commodities giant Glencore if its $60bn IPO goes ahead. Goldman would normally be expected to be involved in such a huge mining IPO so its likely absence from the roster of banks has led to some interesting theories. One doing the rounds is that Glencore, which has a nine per cent stake in the Russian aluminium group Rusal, still remembers Goldman’s role, or should we say non-role, in the £18bn IPO of Rusal in 2009. Glencore chief executive Ivan Glasenberg is also a non-executive director of Rusal and it is said that Goldman’s decision to exit the IPO at the last minute (where it was replaced by Bank of America Merrill Lynch) naturally did not go down well with members of the Rusal board. Hence when it came to sharing out the work for the Glencore float there was no room for Goldman.This theory is rubbished by Glencore insiders who point to the fact that the three main banks on the deal, Credit Suisse, Morgan Stanley and Citi, are all major lenders to Glencore, unlike Goldman.As one banker put it: “There will be many theories about why one bank or another doesn’t make an IPO. You will never get to the bottom of it, but it is unfortunate for Goldman not to be there.”Fortunately for Goldman, the bank does do better in a host of Dealogic tables out yesterday, which show it coming top in the global equity capital markets ranking. One should bear in mind that all these tables can be skewed by a couple of large deals and do not always reflect the longer-term performance of a bank. Goldman itself would rather wait to be judged at the end of the year. We shall see.Meanwhile, Bank of America Merrill Lynch had cause for celebration yesterday as it came first in Dealogic’s Europe Middle East and Africa (EMEA) equity capital markets table. The bank’s leading position took into account its work on the privatisation of VTB Bank, a large placement of shares in BASF and the Meggitt rights issue in the UK.“We’ve had a contribution from a very wide range of industries and countries,” said Craig Coben, head of EMEA Equity Capital Markets at BofA Merrill [email protected] Monday 28 March 2011 8:26 pmlast_img read more

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“Lower than expected” FOBT hit lets Betfred post FY2019 profit

first_img Topics: Finance Finance The operator’s £621.4m in revenue came on £10.10bn worth of wagers, down 25.1%. The operator said the reduction in maximum stakes for FOBTs to £2 was the key reason for the decline in turnover. However it noted the impact of this limit was “lower than expected”. After paying £14.5m in tax, its profit came to £156.7m, after having pade a £40.7m loss the year prior. This resulted in a pre-tax profit of £171.2m, compared to a £43.8m loss in 2018. As of 29 September, 2019, Betfred operated 1,578 retail betting shops, down from 1,650 a year prior. The business then earned a further £97.7m from investments, more than 100 times what it made in this area in 2018. Its interest income came to £2.4m, up 127.7% and paid £3.7m in interest expenses, down 14.2%. Email Address 28th September 2020 | By Aaron Noy AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter After this income and £2.5m of other operating income, down 4.1%, Betfred made an operating profit of £74.8m, compared to a £44.5m loss the year prior. Despite the significantly lower revenue, Betfred paid £53.3m in betting duty, down only 2.6%, as the decline in revenue was mainly due to gaming machines. However, its machine gaming duty expenses were down 26.2% to £64.3m. It paid £9.6m in statutory betting levy, down 25.1%. After accounting for non-controlling interests, the profit attributable to Betfred shareholders came to £154.2m. “Lower than expected” FOBT hit lets Betfred post FY2019 profit After paying £634,000 on the disposal of a non-controlling interest and £3.0m on the re-measurement of employee benefit liabilities, as well as making  £515,000 in tax benefits on these costs and £21,000 through foreign exchange, Betfred’s profit came to £153.6m. This compared to £21.1m in 2018 or £25.4m that year when looking only at continued operations, after Betfred lost control of Tpoolco and Tote Direct. The time since the end of the financial year has seen Betfred look to the US, rolling out online wagering in Colorado and Iowa through a partnership with Saratoga Casino Black Hawk in the former and Elite Casino Resorts’ Grand Falls Casino Resort in the latter. Betfred then paid £447.2m in administrative expenses, down 2.3% and a further £13.5m in goodwill and licence amortisation, down 28.6%. The reduction in maximum stakes for fixed odds betting terminals (FOBTs) had a “lower than expected” hit on Betfred’s revenue in the year ending 29 September 2019, allowing the operator to make a £153.6m (€169.3m/$197.1m) profit despite a 14.6% revenue decline to £621.4m. The operator looks to expand further in the US, having partnered Pennsylvania’s Wind Creek Casino & Resort Bethlehem for online, retail and mobile sports betting, and will operate a sportsbook at the Mohegan Sun Casino at Virgin Hotels Las Vegas. In addition, it paid £19.1m in commissions, down 8.6%. This left a gross profit of £475.0m, down 14.0%. Subscribe to the iGaming newsletter However, the operator made £57.9m in exceptional income, a vast difference from the £119.6m in exceptional costs it paid in 2018. This exceptional income was mostly due to reversal of impairment on retail stores following the reduction of FOBT stakes, after the impact of the stake limit was lower than expected. Regions: UK & Irelandlast_img read more

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ACMA flags inconsistencies in gambling ad rules compliance

first_imgThese included the use of an exemption set out under the Broadcasting Service Act 1992, which allows for an identical online simulcast of a live sporting event to be exempt from the ad rules. “The ACMA found this exemption is being widely used, and sometimes combined with an exemption for low audience share subscription television channels from the broadcasting codes of practice restrictions,” the ACMA said. Email Address The ACMA also flagged issues with record-keeping requirements, in that while operators are making and keeping records of gambling ads shown during live sporting events, the types of records kept by individual providers vary. “We’ll keep watching developments in this sector and how these interact with gambling advertising restrictions.” Introduced in 2018, the regulations state that gambling advertising cannot be shown during live sport on television, radio and online between the hours of 5:00am and 8:30am, with ads also restricted outside this period. “As the size of online audiences for live sporting events continues to grow in Australia, it may be relevant to also consider the potential online audience share for live sporting events broadcast on TV, so that exemptions continue to apply as intended, where there are genuinely small audiences.” ACMA flags inconsistencies in gambling ad rules compliance Marketing 27th November 2020 | By Robert Fletcher As such, the ACMA urged operators to consider whether their records comply with the advertising, particularly for digitally inserted advertising.center_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The ACMA has continued to monitor the effectiveness of the rules, saying that in the second year of the measures being in place, it conducted three investigations into operators. “Although our formal monitoring program has now ended, the environment for broadcasting and streaming live sporting events is evolving,” the ACMA said. Though the ACMA did not identify any major concerns, it did uncover a number of inconsistencies in how providers interpreted the rules. Topics: Marketing Marketing regulation Tags: ACMA Regions: Oceania Australia Subscribe to the iGaming newsletter The Australian Communications and Media Authority (ACMA) has reminded all licensed online operators in the country to comply with gambling advertising rules after highlighting a number of inconsistencies in operators’ interpretation of the controls.last_img read more

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The Card Factory share price has DOUBLED in 1 month. Should I buy?

first_imgSimply click below to discover how you can take advantage of this. Nadia Yaqub has no position in any of the shares mentioned. The Motley Fool UK has recommended Card Factory. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Nadia Yaqub | Wednesday, 10th March, 2021 | More on: CARD See all posts by Nadia Yaqub Source: Getty Images Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Card Factory (LSE: CARD) shares have been rising over the past month, although the stock still trades on a P/E of 4x. This is a bargain on the surface, but I should stress that it’s cheap for a reason. I’m tempted to dip my toe in, but there are risks involved. For now, Card Factory shares aren’t for the faint-hearted and I’m not brave enough to buy them today. So I’ll monitor the stock.I have a few concerns about the company. These include the minimal online presence, its debt level and liquidity. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Online presenceI think one of the problems with the cards and gifts retailer is its minimal online presence. The company is heavily reliant on its retail stores, which have had to temporarily close due to the pandemic. In fact, Card Factory has over 1,000 retail stores across the UK and Ireland.In my view the company’s online presence has slipped behind some of its competitors. Card Factory has had to play catch-up and in July 2020 it relaunched its website.Since then, online sales have performed very strongly and I’d expect this to continue. At least Card Factory has now realised that it needs to adopt a more multichannel-focused approach in order to face the future.But I should add that the competition is tough from the likes of Moonpig, which recently came to market. This is a pureplay online cards and gifts retailer, which has performed well during the pandemic. Yet Card Factory’s brand and value proposition may resonate with customers, especially when the stores can reopen.Debt pile and liquidityAnother reason why I’m cautious over Card Factory shares is its high level of debt, which at some point will have to be repaid. On January 14, it announced that while in the short term, cash flow could be covered by its £200m bank credit, it expects to breach its loan terms. I found this somewhat alarming.Since then, it has confirmed that it’s in discussion with the banks, which have given it some leeway. Waivers were granted until the end of February but now this has been pushed until the end of March.I reckon the banks will continue to give Card Factory some breathing space until shops can officially reopen and it can start to generate some revenue from its retail stores.For now I think there’s enough liquidity to weather the storm. Card Factory shares have rallied on this short-term relief. But if lockdowns persist, I reckon the financial position will become much worse. This uncertainty makes me uncomfortable and hence I’ll continue to watch the stock for now.Card Factory has said that it expects to refinance the company and a further update will be issued in due course. The shares have been rising in the hope of that refinancing. So what does this mean? Given what other victims of the pandemic have done, I expect a share placing could be on the cards. The funds raised could reduce the debt pile and build the company’s online presence.I think Card Factory shares are a possible recovery stock but I’m not so bold to buy yet. I’d like to see more information on its refinancing before taking the plunge.center_img Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares The Card Factory share price has DOUBLED in 1 month. Should I buy? “This Stock Could Be Like Buying Amazon in 1997”last_img read more

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Lush’s Error 404 bath bomb to help fund #KeepItOn digital rights campaign

first_imgLush demonstrates what an Internet shutdown might look like, before resolving to this page. Howard Lake | 26 November 2016 | News Lush Charity PotLush supports other causes and groups from profits from sales of some of its products. In particular The Lush Charity Pot scheme supports local and global organisations fighting for human rights.  216 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis28 Anyone purchasing the bath bomb from Lush’s website will encounter a intervening page that mimics an Internet shutdown on the device, which then resolves into an explanation of the #KeepItOn campaign. They can choose to proceed to the Lush page or to sign Access Now’s petition to world leaders. In 2012 we covered The power of the 404 page to help missing children.The 404 page has featured in most of our digital fundraising training courses over the past 20 years. Access Now has documented over 50 internet shutdowns in 2016 alone, “and the number is only increasing”. The organisation and Lush chose Black Friday (25 November) to launch the global #KeepItOn campaign against internet shutdowns together with a limited edition Error 404 bath bomb. Handmade cosmetics brand Lush has introduced Error 404, “a bath bomb with a difference”. Sales of the fizzy fragrant product will help organisations fight against government-enforced internet shutdowns.All profits from the sale of the Error 404 bath bomb will be donated by Lush to a global Digital Fund that supports the work of charity Access Now and other grassroots organisations working in the field of digital rights. The total fundraising target for the Digital Fund is £250,000.Lush is selling the product appropriately enough for £4.04.The product is hand-made from 13 ingredients including vanilla extract, gardenia extract, antique gold lustre, citric acid and glacier blue lustre. It should be dropped into the bath, where its gold exterior will fizz away, revealing a blue pool “with a secret message”.[youtube][/youtube] Digital FundImage: Lush LtdThe Digital Fund will offer grants from £100 to £10,000 to grassroots activists and charities protecting freedom of expression in the digital era.The application process will start on 7 December 2016, and the deadline for completed applications to be submitted is 15 January 2017.Applications are accepted from anywhere in the world. Smaller organisations will be given priority, “particularly those hoping to create long-term change through education, advocacy and campaigning, or those tackling the root cause of the problem”. Lush’s Error 404 bath bomb to help fund #KeepItOn digital rights campaign Tagged with: corporate  215 total views,  1 views today About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. Error 404 and #KeepItOnError 404 is the standard HTTP code for indicating a “page not found” on web servers. It is the kind of page that users might see if their government shut down the Internet in their country.According to Access Now:“An internet shutdown happens when someone— usually a government — intentionally disrupts the internet or mobile apps to control what people say or do. Shutdowns are also sometimes called “blackouts” or “kill switches”.” Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis28last_img read more

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City Year UK wins Morgan Stanley’s 2021 Strategy Challenge

first_imgCity Year UK wins Morgan Stanley’s 2021 Strategy Challenge Clare Woodman, Head of EMEA at Morgan Stanley said: AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis This year’s teams presented their final recommendations to senior representatives from Morgan Stanley and the charity sector during a virtual event on 13 May, with the City Year UK team announced the winner for its development of a sustainable business model to increase the number of the charity’s volunteer mentors and fund new programme delivery for pupils. Youth and education charity City Year UK has been judged the winner of this year’s Morgan Stanley UK Strategy Challenge, which saw six charities receive pro bono advice and support from the firm. Melanie May | 14 May 2021 | News Tagged with: corporate pro bono “We are delighted to have won the Morgan Stanley UK Strategy Challenge 2021. We are particularly pleased with the practical materials and tools the Morgan Stanley team have developed, which will help us achieve our ambition to have an even greater impact on educational inequality.”center_img Now in its seventh year, the Morgan Stanley UK Strategy Challenge, in partnership with Pilotlight, pairs teams of Morgan Stanley professionals with non-profit organisations in London for nine weeks to provide pro bono advice on strategic challenges such as business modelling, growth plans and cost efficiencies.  The programme culminates in a day-long event, during which teams present their recommendations to senior firm leadership and a panel of non-profit sector experts. Nonprofit organisations are invited to apply each year, with applicants assessed through a competitive selection process. This year’s Challenge kicked off in March. Since its inception, the UK Strategy Challenge has delivered over 24,000 hours of service to 35 charities. As well as City Year UK, the other charities benefitting from this year’s programme were Barnardo’s, Great Ormond Street Hospital Children’s Charity, Helpforce, NHS Charities Together and The Felix Project. Advertisement About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via Kevin Munday, Chief Executive, City Year UK commented: “We are extremely proud to be working with the remarkable organisations that participated this year; many of whom have been working on the front lines of the Covid-19 pandemic. With a health and economic crisis generating increasing demand for their services, charities are experiencing greater challenges than ever before. We hope the strategic recommendations provided by the Morgan Stanley employees will help the non-profits continue their impactful work and reach even more communities.”  798 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

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North Carolina backs down the KKK

first_imgRaleigh, N.C. – There was once a time when the Klu Klux Klan could march in the thousands with impunity in state capitols across the U.S. South. But today mass movements across the country have pushed them back, despite the electoral win of bigoted Donald Trump. Millions of people in the streets, marching against Trump and all he stands for, have emboldened the social movement.Over 2,000 people rallied in downtown Raleigh at Moore Square Park on Dec. 3 to protest the KKK and Trump — to forge ahead with struggles for people’s power and against racism, wars and all forms of oppression.The Loyal White Knights of the KKK, a small group in Pelham, N.C., had announced they would be holding a Dec. 3 “victory kavalcade” at an unannounced location somewhere in North Carolina.To oppose them, there were coordinated big rallies in Raleigh, Charlotte and Greensboro. People also rallied in Salisbury and Mebane. People from countless other cities across the state came to the Raleigh and Charlotte rallies, truly expressing a statewide day of action.Desmera Gatewood, emcee of the rally, stated the purpose of the rallies: “We refuse to back down against the endless police murders of Black people. We stand in solidarity with the Black community in Charlotte as they protest against the non-indictment of cop Brentley Vinson who killed Keith Lamont Scott. We stand in solidarity with our immigrant friends who now fear threats of deportation by Trump. Our movement for not one more deportation will keep fighting ahead!“Gatewood continued, “We stand against hate crimes and racist violence against our friends who are labeled terrorists by the state and Trump by virtue of being Muslim. We are also workers fighting for $15 per hour and for collective bargaining rights for public workers! We oppose any new wars that Trump threatens to create. We move forward to advance our struggle for quality public schools and to defend all public services that Trump has threatened to shut down. We won’t let him shut anything down!”The Triangle Unity May Day Coalition, representing a broad range of freedom fighters and organizations, including Black, Latinx, LGBTQ, Muslim, immigrant, women, workers and people with disabilities, called the rally to assert that #ThisIsOurNC — that the state belongs to the people, not to the forces of Wall Street or the wealthy, not to white supremacists and the police.The day after the rally, the Triangle (Durham, Chapel Hill and Raleigh) area People’s Assembly drew hundreds of new people eager to get involved in the militant social movement.The rally came a few days after the Charlotte District Attorney decided not to indict Brentley Vinson, the white cop who killed Keith Lamont Scott. It came only a day after a South Carolina jury was deadlocked and failed to convict Michael Slager, a white former North Charleston policeman who killed unarmed Walter Scott. A mistrial was declared Dec. 5.As for the KKK, they did finally confirm late Friday night that they would be in Pelham. A group of about 150 folks, organized through the Triangle Industrial Workers of the World, traveled there to directly confront the KKK, but they had moved their event. Chasing them to Danville, Va., the IWW took the streets and marched carrying a banner, reading, “John Brown Lives, Smash White Supremacy.” The reference is to the white freedom fighter who organized an armed 19th-century uprising against slavery.The KKK never publicly displayed themselves in Danville. They later appeared briefly in Roxboro, N.C., with a small caravan of about 20 cars that rode through the town, flying U.S. flags, Confederate flags and KKK flags, for about five minutes with support from the local police.The unified movement had forced the KKK to scuttle and run. As Manzoor Cheema, of Muslims for Social Justice, said at the Raleigh rally, “The gathering at the anti-KKK rally should not be the only time when people come together to challenge racism and oppression. People need to become part of a long-term movement to challenge all forms of oppression. Triangle People’s Assembly is building such a grass-roots movement that centers power to the most marginalized.”FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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Pac-12 Limits 2020 Football Schedule To Conference Opponents; Bruins Won’t Play New Mexico Aug. 29 in Rose Bowl

first_img 257 recommended0 commentsShareShareTweetSharePin it Community News Subscribe Your email address will not be published. Required fields are marked * Pac-12 teams in football and several other fall sports will only play conference games this season because of the coronavirus pandemic, its CEO Group announced Friday.The decision means the UCLA Bruins football team won’t be playing New Mexico State Aug. 29 at the Rose Bowl — or Hawaii Sept. 5 in Honolulu or San Diego State Sept. 19 in San Diego.The USC football team will not face Alabama Sept. 5 in Arlington, Texas, to open its football season, or play host to Notre Dame Nov. 28 or New Mexico Sept. 12 at the Los Angeles Memorial Coliseum.The decision made following a meeting of the Pac-12 CEO Group Friday will result in the start dates for the impacted sports being delayed.The CEO Group made clear that it hopes to play football and all other fall sports provided the conference can meet the health and safety needs of its athletes and obtain appropriate permissions from state and local health authorities.The Pac-12 has developed a series of potential fall sport scheduling models including conference-only schedules and delayed season starts. Details on conference-only schedules will be announced no later than July 31.The decision also affects men’s and women’s soccer and women’s volleyball.The conference is also delaying the start of mandatory athletic activities until a series of health and safety indicators, which have recently trended in a negative direction, provide sufficient positive data to enable a move to a second phase of return-to-play activities.The NCAA announced that mandatory organized team activities for football can begin Monday.Pac-12 athletes who choose not to participate in intercollegiate athletics during the 2020-21 academic year because of safety concerns about COVID-19 will continue to have their scholarships honored by their universities and will remain in good standing with their team.“Confronted with an unprecedented global pandemic, in going to a conference-only schedule for fall sports in 2020, the Pac-12 Conference is acting responsibly on behalf of the health and safety of all of our student- athletes, coaches and staff while trying to do everything possible so we can compete this year,” USC athletic director Mike Bohn said.Bohn said he has communicated Friday’s decision to the athletic directors as Alabama, Notre Dame and New Mexico “and there is no additional information to share at this time.”UCLA athletic director Martin Jarmond said his university “fully supports today’s decision by the Pac-12 CEO Group to delay the start of mandatory athletic activities and to limit fall seasons for several sports to conference-only competition.”“The health and safety of our student-athletes, staff and fans is paramount, and this move affords us the greatest level of flexibility to adapt and evolve in real time, in the midst of a very fluid situation,” Jarmond said.The Pac-12’s move to conference-only play comes one day after a similar announcement from the 14-team Big Ten Conference.“The health and safety of our student-athletes and all those connected to Pac-12 sports continues to be our number one priority,” said Pac- 12 Commissioner Larry Scott.“Our decisions have and will be guided by science and data, and based upon the trends and indicators over the past days, it has become clear that we need to provide ourselves with maximum flexibility to schedule, and to delay any movement to the next phase of return-to-play activities.” STAFF REPORT First Heatwave Expected Next Week HerbeautyHow To Lose Weight & Burn Fat While You SleepHerbeautyHerbeautyHerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeautyHerbeauty9 Of The Best Family Friendly Dog BreedsHerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeautyHerbeauty10 Most Influential Women In HistoryHerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeauty STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Make a comment faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community Newscenter_img Sports Pac-12 Limits 2020 Football Schedule To Conference Opponents; Bruins Won’t Play New Mexico Aug. 29 in Rose Bowl Separately, California community colleges shift all sports to spring season for 2020-21 academic year STAFF REPORT Published on Friday, July 10, 2020 | 7:47 pm EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Name (required)  Mail (required) (not be published)  Website  Top of the News Business News More Cool Stuff CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Get our daily Pasadena newspaper in your email box. 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Explain Statutory Powers Under Which Online Betting For Horse-Racing Was Allowed : Karnataka High Court To State Govt

first_imgNews UpdatesExplain Statutory Powers Under Which Online Betting For Horse-Racing Was Allowed : Karnataka High Court To State Govt Mustafa Plumber3 Nov 2020 6:52 AMShare This – xThe Karnataka High Court has directed the State government to respond to a public interest litigation filed challenging the approval given by the State government to the Bangalore Turf Club Limited to conduct on-line betting for horse-racing. A division bench of Chief Justice Abhay Oka and Justice S Vishwajith Shetty issued the notice while hearing a petition filed by C.Gopal. The…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Karnataka High Court has directed the State government to respond to a public interest litigation filed challenging the approval given by the State government to the Bangalore Turf Club Limited to conduct on-line betting for horse-racing. A division bench of Chief Justice Abhay Oka and Justice S Vishwajith Shetty issued the notice while hearing a petition filed by C.Gopal. The bench said the state government must file its statement of objections stating the statutory powers under which the state has purported to grant permission for online betting. As per the petition, the turf club had made a representation to the state government seeking permission to allow them to conduct On-line Betting of their Tote. It further alleges that the State government, without analyzing the damage which would be caused to the society, sent a proposal to allow for On-line Betting, to the Chief Minister, by way of letter dated 25.06.2020 and the Chief Minister without looking into the pros and cons and repercussions upon the society, approved the above proposal on 29.06.2020. Advocate H V Praveen Gowda, appearing for the petitioner, argued that granting permission to conduct On-line Betting is a bane to the society, as many persons, especially the youth would get addicted to the same and same would affect their family, education, occupation and would end up in bankruptcy etc., and would bring majority of them to the streets by putting them into deep financial crises, depression and may further lead to indulge in crime. The petition states that in Mahabarata, Yudhishtir, the eldest of the Pandavas, was fond of gambling and it is believed that he lost his entire kingdom, wife and his brother in a game of dice. If online betting is implemented the same curse will visit the families of the gamblers, apprehends the petitioner. Further, it is stated that with the ease of internet connection and the comforts of disguising ones identity, many minors are attracted to the gambling, with the fake identities and use of credit cards they fail to realize the extent to which they can go wrong. The petition mentions that the permission granted is nothing but a tool used to bring massive revenue to the state exchequer at the cost of the public at large, it is nothing but gaining wrongfully at the cost of the society/public at large. Pointing to the issue of loss of job due to allowing online betting the petition states “By the above permission thousands of workers who were working for the Respondent No.3 (Turf Club) would lose their job and in turn would affect their livelihood.” The matter will be next heard on November 20.Click Here To Download Petition[Read Petition]Next Storylast_img read more

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Australian Chief of Navy Visits Vietnam

first_imgBack to overview,Home naval-today Australian Chief of Navy Visits Vietnam September 30, 2014 View post tag: Australian Australian Chief of Navy, Vice Admiral Tim Barrett, recently wrapped up a busy inaugural visit to Vietnam where he met a number of government and military officials across the country. View post tag: Vietnam View post tag: Defence Australian Chief of Navy Visits Vietnam View post tag: Chief of Navy View post tag: asia Flying into the north of Vietnam after a one-day visit to Japan, where he met his Japanese counterpart Admiral Kawano, Chief of Navy held meetings with the Vietnamese Vice Minister of Defence and Chief of General Staff, Senior Lietenant General Do Ba Tee, and Australian Ambassador Mr Hugh Borrowman.After leaving Hanoi, he flew to Ho Chi Minh City where he attended a Bilateral Counterpart meeting with Admiral Nguyen Van Hien followed by an official reception at Southern Navy Headquarters.Vice Admiral Barrett’s visit to Ho Chi Minh City coincided with a port visit by HMAS Larrakia (Attack Four embarked), and said Vietnam was an important partner for Australia both in terms of naval and diplomatic ties.“Already we have achieved some memorable milestones, both in terms of submarine rescue training and the training of Vietnamese personnel within the Australian Defence Force.“We have been made to feel most welcome during our visit to Vietnam and I am sure the spirit of cooperation that we have been fostering over the past few years will continue to develop into the future,” Vice Admiral Barrett said.[mappress]Press Release, September 30, 2014; Image: Australian Navy Authorities View post tag: Naval Share this article View post tag: News by topic View post tag: Asia-Pacific View post tag: visits View post tag: Navylast_img read more

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