first_img whatsapp KCS-content whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Monday 23 August 2010 8:41 pm BRITAIN faces “significant” risk of a fresh slump into recession, a leading policymaker at the Bank of England admitted yesterday as independent economists slammed the Bank for its complacency in the face of savage public sector spending cuts. Dr Martin Weale, the newest member of the rate-setting Monetary Policy Committee (MPC), said it would be “foolish” to rule out the risk of a double-dip recession and conceded that the Bank’s central outlook – for growth of around 2.8 per cent in 2011 and 3.2 per cent in 2012, could be too optimistic. Speaking to The Times, Weale said a second economic downturn was a “real risk”.Weale’s warning came as the minutes from a roundtable hosted by the Bank in July showed that leading City economists fear the MPC has underestimated the impact of public spending cuts. With rates at a record low, they said there is little the BoE can do to offset the pain. center_img Share Show Comments ▼ BoE’s Weale warns of dip Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndo Tags: NULLlast_img read more


first_img KCS-content SELF-storage firm Big Yellow Group posted a 26 per cent rise in first-half adjusted pretax profit and resumed its interim dividend. “The business is experiencing the usual seasonal slowdown, but as in previous years, we look forward to an improvement in demand from early 2011 as we enter our more buoyant spring and summer trading periods,” executive chairman Nicholas Vetch said.The company, which has 61 stores and a further nine in development, said it would pay an interim dividend of 4p per share. The company last paid an interim dividend in 2007.Pre-tax profit in the six months to September was £9.7m, excluding one-off items, compared to £7.7m a year ago. Revenue was up seven per cent to £31.1m.Big Yellow, whose stores are mainly in London and the South East, said its occupancy growth more than doubled to 209,000 sq ft in the first half. Big Yellow pays its first interim dividend since ‘07 whatsapp whatsapp Monday 22 November 2010 7:15 pm Share Tags: NULL More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA 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.org Show Comments ▼last_img read more


first_img Share Credit Suisse cuts bonuses and dividend Thursday 10 February 2011 9:01 pm CREDIT Suisse has cut back on bonuses dramatically, announcing at its full-year results yesterday that 2010 bonus payouts were down 25 per cent per employee compared to last year.The bank also downgraded its all-important return on equity forecast – a key prediction of mid-term profitability – from 18 per cent to 15 per cent, citing strict Swiss capital requirements as a drag on earnings.The bank’s overall compensation costs fell nine per cent per person, however, ahead of a six per cent fall in revenues to SwFr31.4bn (£20.1bn). Chief executive Brady Dougan said that lower bonuses had been partly offset by bigger base salaries, while there was a five per cent increase in global headcount to 50,100.Unlike many global investment banks, Credit Suisse does not link bonuses purely to revenues but uses a range of other metrics to generate bonus payments. Overall, the bank’s results disappointed, with pre-tax profit down 21 per cent on 2009 to SwFr6.8bn.Chief executive Brady Dougan said of banks: “The industry is facing a new environment with more capital requirements and new business conditions.”The bank’s profitability was hit by stringent Swiss capital requirements that go beyond the Basel III regulations. It announced a core tier one capital ratio of 17.2 per cent, up from 16.3 per cent last year. Credit Suisse also cut its full-year dividend by more than expected. It will fall to SwFr1.30 a share for 2010 from SwFr2.00 the prior year.Like many of its rivals, its investment banking division was also hit hard by slow trading due to market uncertainty in the second half of last year. Despite gaining market share, pre-tax profits at the investment banking arm plunged 48 per cent to SwFr3.5bn. The bank said it was hit hard by the strong Swiss franc, with many of its revenues in dollars and costs in francs.Despite the drag from Swiss regulations, however, Dougan said that the rules had at least given them the ability to plan, saying: “We have emerged from the regulatory uncertainty that the rest of the industry is still experiencing.” Tags: NULL whatsappcenter_img whatsapp Show Comments ▼ KCS-content last_img read more


first_img Tags: NULL whatsapp KCS-content whatsapp INVESTORS betting on a big gain in US payrolls pushed Wall Street to its best one-day rally in three months yesterday, but weak volume remained a concern.As oil paused from its recent climb, the market’s focus shifted to stronger-than-expected economic data a day before the February US employment report. The median estimate is for a gain of 185,000 jobs, according to economists polled by Reuters, but market sentiment was leaning toward a number above 200,000, traders said.“There are still concerns about high oil prices but the bottom line is, the US economy is improving. We continue to get confirmations of that, and it’s a good sentiment heading into Friday’s numbers,” said Ryan Detrick, technical analyst at Schaeffer’s Investment Research in Cincinnati, Ohio.The Dow Jones industrial average closed up 191.40 points, or 1.59 per cent, at 12,258.20. The Standard & Poor’s 500 Index finished up 22.53 points, or 1.72 per cent, at 1,330.97. The Nasdaq Composite Index was up 50.67 points, or 1.84 per cent, at 2,798.74. The Dow and S&P 500 posted their biggest one-day gains since December 1. However, volume was below average for days when the market rallies, causing some traders to be sceptical about the durability of the rally. About 7.81 billion shares traded on the New York Stock Exchange, NYSE Amex and Nasdaq, below last year’s daily average of 8.47 billion.The put-to-call ratio in the options market also didn’t change much despite the day’s rally as traders continued to hedge against a potential drop in the market.“As much as investors are excited about a pullback so that they can jump in, they are just as concerned about how quickly this market can turn,” Detrick said.Initial jobless claims fell last week to 368,000 – a two-and-a-half year low – one day after a robust report on private-sector hiring. The Institute for Supply Management’s non-manufacturing index rose to 59.7 in February, slightly above forecasts and higher than the January result. Industrial stocks led the market higher, boosted by a weaker dollar and an improving outlook for global demand. The S&P industrial index gained 2.4 per cent, with Caterpillar up 3.2 per cent to $104.25. Stocks have shown resilience in the face of economic headwinds. The broad S&P 500 is down only about one per cent from a peak in late February after falling around three per cent due to growing violence in oil-producer Libya. The Arab League said yesterday a peace plan for Libya was under consideration. Optimism on jobs fuels Wall St rally 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite 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 Thursday 3 March 2011 7:09 pm Share Show Comments ▼ last_img read more


first_img OIL prices jumped to their highest close in two and a half years yesterday, with Brent near a record quarterly rise of more than $22.The news follows further unrest across the Middle East. US officials said President Barack Obama has now authorised covert support for Libyan rebels fighting Gaddafi.The defection of Libya’s foreign minister to the UK has also potentially tipped the scales of power toward the opposition. Recently, Gaddafi’s troops have used superior arms to push back rebels trying to edge west from their stronghold in eastern Libya.The UK hopes to gain intelligence on how to bring down Gaddafi from foreign minister Moussa Koussa, a former spy chief who flew into Britain on Wednesday in what a friend said was a defection in protest at attacks by Gaddafi’s forces on civilians. Meanwhile, William Hague called on the Syrian government to show restraint as protesters campaigning for political reform plan another rally today. He also said it is vital Syria immediately adopts “serious political reforms”.The Foreign Office yesterday advised all British nationals to leave Yemen while commercial airlines are still flying. A spokesman said: “It is highly unlikely that the government will be able to evacuate British nationals or provide consular assistance in the event of a further breakdown of law and order.”Brent crude for May rose $2.23 to settle at $117.36 a barrel, its highest close since August 2008 and up 23.9 per cent for the quarter.FAST FACTS | YEMENBritons have been warned to leave Yemen and not travel to the country in the wake of violent protests.At least 82 people have been killed in the country since protests started. Tags: NULL Show Comments ▼ Middle East worries push oil even higher Thursday 31 March 2011 8:36 pm Sharecenter_img KCS-content whatsapp Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof 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 HeraldPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todayautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com whatsapplast_img read more


first_img Tesco launches website for used-car sales Tags: NULL SUPERMARKET chain Tesco yesterday launched an online used-car sales service, giving customers access to thousands of pre-checked vehicles at set prices. To avoid the pitfalls usually associated with buying a second-hand vehicle, all cars will undergo an RAC inspection and be provided with full service history and details of any damage. Tesco claims the service will offer cheaper prices than the traditional forecourt model by supplying the cars direct to customers, sourced from a variety of business and retail stock. Though customers won’t be able to test drive the car before purchase, the website includes videos of the vehicles being tested for performance and safety. The new service is chaired by Sir Trevor Chinn, former chair of both Kwik-Fit and the RAC. whatsapp KCS-content whatsapp Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com Show Comments ▼ Sunday 3 April 2011 10:32 pmlast_img read more


first_img 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap DIVISIONS within the US Federal Reserve were exposed last night, with the news that senior officials clashed over the controversial second phase of quantitative easing – dubbed QE2.“A few participants indicated that economic conditions might warrant a move toward less-accommodative monetary policy this year,” the March minutes of the Federal Open Market Committee (FOMC) said.The minutes said that “a few” members warned that the size of the Fed’s balance sheet could lead to public doubt over its tightening credibility, and risk upward pressure on inflation expectations.Those unnamed members’ hawkish views contrasted with those of “a few” other members, who argued that exceptionally loose policy could even continue beyond 2011. Yet despite signs of a split, “almost all” participants felt that there was no case for the Fed’s asset-purchasing programme to be curtailed.“The minutes suggest that the majority of officials want to see QE2 through to the end,” said Paul Dales of Capital Economics.Positive words on the US recovery, plus the apparent commitment to continue with QE2, saw US treasuries fall.Meanwhile, growth in the US service sector slowed in March, according to the ISM non-manufacturing survey released earlier in the day. Tuesday 5 April 2011 9:03 pm whatsapp Show Comments ▼ whatsapp Sharecenter_img Tags: NULL KCS-content 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 CarsDrivepediaZen 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 Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Fed split as QE2 set to continue last_img read more


first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Legal & compliance Swedish regulator details licence application process Tags: Online Gambling Sweden’s Lotteriinspektionen national regulatory body has said it could make available application documents for new licences in the country from July 10 Subscribe to the iGaming newsletter Sweden’s Lotteriinspektionen national regulatory body has said it could make available application documents for new licences in the country from July 10. The licences form part of a new gambling bill that is due to come into effect from January 1, 2019. The bill also covers changes to international cooperation, responsible gambling, supervision and fees. Earlier this month, Sweden’s parliament voted 282-19 in favour of the bill and the regulator said it expects to also secure government approval by July 5 at the earliest. Should this be the case, application documents will be made available soon after in preparation for the regulator to open the licensing process as planned on August 1. In addition, as part of the preparation, the regulator said that its regulations and guidelines included in the bill will be pre-published on its website after July 24. These rules will come into force on a preliminary basis on September 1, prior to full regulation from the start of next year. In a statement, the regulator added: “Stakeholders show great interest in the re-regulation of the Swedish gambling market, also internationally. “Many operators have already shown interest in applying for a licence in Sweden, which, according to plan, shall be possible from 1 August.”Related articles: Swedish parliament passes gambling bill in landslide vote Sweden pushes back licence applications to 1 August Topics: Legal & compliance 26th June 2018 | By contenteditor Regions: Europe Nordics Sweden Email Addresslast_img read more


first_img GC report: far more than an end of year report card Bingo The Gambling Commission’s enforcement report makes for essential reading for industry lawyers and compliance officers at gambling operators alike, according to Barristers Philip Evans QC and Tom Orpin-Massey, the latter of whom (pictured) helped draft it.On 28 June the UK’s Gambling Commission published its first ever enforcement report.Entitled ‘Raising standards for consumers’, the document is both a review of the Commission’s regulatory and criminal enforcement work over the past financial year and also a working guidance document as to how operators might avoid getting themselves into trouble in the future.Launching the report, Neil McArthur, the Commission’s new CEO, said the Commission “wanted to find more opportunities to provide advice and guidance to operators… this report is one of the ways we’re seeking to do that”.In this article we outline what the report contains, and ask why the Commission has decided to publish an enforcement review now, and what that might mean for the regulatory landscape moving forward. In our view the report is far more than an end of year report card.Why now? The first question is why publish such a report, and why publish it now? In June 2017 the Commission revised its enforcement policy documentation, including its statement of principles for licensing and regulation, its licensing, compliance and enforcement policy statement, and its statement of principles for determining financial penalties.In addition, the Commission also published a brand new indicative sanctions guidance.The revision of the Commission’s enforcement suite brought in key changes. Central among these was that the presumption in favour of voluntary settlements was abolished. All enforcement tools are now on an equal footing.Credit for timely disclosure was formally introduced, making a sanction or outcome more lenient where an operator had been open, upfront and honest about problems where they had arisen.And finally, a working formula for determining financial penalties was outlined in the principles for determining financial penalties document. In that document, it was set out that the Commission would now have particular regard when determining financial penalties to “whether the breach arose in circumstances that were similar to previous cases the Commission has dealt with which resulted in the publication of lessons to be learned for the wider industry”.Operators are always expected to keep an eye on the Commission’s website and to read and digest public statements that are published following the taking of enforcement measures. Increasingly, in recent years these public statements have sought to address the industry more broadly by including key learning points, often in checklist form.Now it is clear that where mistakes are being repeated after public statements have been released by the Commission, any operator in breach can expect tougher treatment because they have failed to consider these wider lessons for industry.Ignorance no excuse This expectation is now set out clearly in the new enforcement review: “Licensees are on notice that a failure to adhere to the guidance in both this document and within our public decision notices may see us bringing enforcement action more swiftly and with greater penalty if we are of the view lessons are not being learned, or if the issue in question has been uncovered by us or another authority.”The enforcement review brings together and sets out the Commission’s key areas of regulatory concern in a single document. The review is divided by chapters, with each chapter representing a principal area of enforcement work. In short, it is what the Commission is most busy with on a day-to-day basis.There are the obvious themes that are familiar to the industry, such as anti-money laundering and self-exclusion, but there are also chapters on matters the Commission has been particularly concerned about in recent years, such as misleading or unfair marketing and advertising, and unfair terms and practices, which concern the Commission’s consumer-centric approach.Each chapter sets out the work the Commission has been involved in in that particular area over the course of the financial year. Where key guidance documents have been published they are referred to in the review.There is also reference to the key public statements following enforcement action that the Commission has published in that particular area over the course of the year. To that extent, the chapters read much like a “year that was”, and are useful to readers in industry in understanding what the major concerns are, what the latest guidance is, and what the most recent cases and settlements of note have been.Anonymous case studies have also been selected, and usually demonstrate the most serious examples of non-compliance the Commission has dealt with over the course of the year.However, as set out in the document’s introduction, it is also designed as a working guide to how operators may avoid falling into non-compliance. Each chapter ends with a “healthcheck”, a series of questions set out in bullet points, which, if considered and acted upon by operators, should help them avoid falling into difficulty.The healthcheck list is designed to be a useable, working list that compliance operators can be guided by, and also take forward to their managers if they feel that inadequate resources are being allocated to ensure proper adherence to them. Without exception, each checklist asks the question whether sufficient resources have been allocated to that area.We suggest that following these checklists, and building them into an operator’s written policies, procedures or general approach, will help to ensure that licensees do not fall into non-compliance, or in circumstances where they do, will act as significant mitigation as evidence that the operator was trying to do the right thing.Clearly, the Commission’s first enforcement review is another important landmark in the regulation of the gambling industry, and operators would be wise to give it close attention. Philip Evans QC and Tom Orpin-Massey are barristers at QEB Hollis Whiteman Chambers, London. Philip Evans is a silk with significant experience of licensing and regulatory matters connected to gambling. Tom Orpin-Massey spent seven months on secondment with the Gambling Commission in 2016 and continues to assist the Commission, including in the drafting of this new enforcement report.Related articles: UK Gambling Commission maps out new enforcement strategy UKGC financial penalties surpass £18m in 2017-18 UKGC sets out expanded plans to protect children 10th July 2018 | By Joanne Christie Barristers Philip Evans QC and Tom Orpin-Massey say the Gambling Commission’s first ever enforcement report marks an important landmark for the industry Tags: Card Rooms and Poker Mobile Online Gambling Topics: Casino & games Legal & compliance Sports betting Bingo Poker AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: UK & Ireland Subscribe to the iGaming newsletter Email Addresslast_img read more


first_img All-In Diversity’s inaugural All-Index could mark a turning point in both external and internal perceptions of the gambling industry – if others take the opportunity to come on board.The 43-page report published on the All-In Diversity website today lifts the lid on diversity and inclusion in gaming for the first time but it is only a snapshot of 25 firms.Co-founders of the project Christina Thakor Rankin and Kelly Kehn have been clear since the launch of the project in 2017 that for the All-Index to paint an accurate picture of the industry as many businesses as possible have to participate.And there are clear benefits to doing so. Participants receive a ranking on the basis of their answers, offering them some context on their current performance and what more might need to be done.The published ranking is anonymous, so there is no risk of individual performance being released unless a business chooses to share it.Moreover, as part of the project’s goal to establish and finesse the All-Index in the first year, All-In Diversity has been liaising with the British Standards Institution to have the Index formally recognised.GVC is one of several big names to have participated in the first survey. The company’s head of diversity, inclusion and talent development Juliet Daye says being part of the first report was not only important to aid their own benchmarking initiatives but “symbolic” of their belief in the importance of it.“It’s beneficial on a practical level to complete the survey because it gives you an audit of what you’re doing and what you’re not doing,” she explains.“We only started looking at diversity and inclusion on the Ladbrokes Coral side at the beginning of 2019, and started implementing it in March this year”.Daye says she was pleased with where Ladbrokes appeared among the list of 25 given the firm is “at the start of the journey on this”.Meanwhile, GVC has rolled out its diversity initiative today. As such, Daye said she was unsurprised to see GVC rank a little behind Ladbrokes Coral. As a business that has grown extraordinarily quickly over the past few years, GVC perhaps exemplifies both the advantages and the challenges that igaming has in this area.As head of CSR and corporate communications Jay Dossetter points out: “From a GVC perspective, the business has come a long way in such a short time. This year there was a recognition that we needed to grow up fast and take the broader issues around CSR seriously and give more resources to it”.GVC won’t be the only business to have only recently recognised the need to measure and manage diversity and inclusion but its sudden need to play catch up is perhaps a warning for smaller businesses to take the plunge before their scale demands it.NetEnt is notably absent from the list of 25 inaugural participants. It does not feature despite its longstanding pledge to achieve a 50/50 gender balance at all levels of the company by 2020.The numbersAll that said, All-Ins first report proves that while the gaming industry might be regarded as archaic and seedy by those who are unfamiliar with its scale and variety, some quarters are making strides in improving diversity and inclusion, while others are at least willing to challenge the pale, male, stale stereotype. The topline figures, while drawn from a small pool, are hopeful. Overall the gender split within the 25 firms that opted to complete All-In Diversity’s first questionnaire was 53.4% male, 46.5% female. Closer to equal than some may have anticipated.Gender equality of the focus of the first survey but that will be expanded out to cover ethnic diversity, sexuality and disability, as well as mapping gender demographics in future.The topline figures in today’s report look positive. For example, 21% of employees in tech roles identified as female, which is higher than the US average of 19% and 17% in the UK.Women were also found to make up 28% of non-executive director positions among the firms that reported, which is greater than the 18% reported in the US and 26% in the UK.However, we have to assume that answers in this survey will skew slightly positive as a result of coming from the first 25 firms to volunteer to participate. It is likely, one must assume, that they are already onboard with the cause.Infact the survey reveals that is likely the case in this group. 50% of the respondents said that they already educate staff about bias, while 38% said they offer information on training and leading diverse workforces.The summary of scores on the first ranking shows that 59% of participants scored above average, suggesting that this first group is on average more engaged with diversity and inclusion than may be the case more generally.The group was also broadly from Western Europe, with 60% operating primarily in the UK.As such, it can be assumed that the business practices of most of the reporting firms align with western values, regulations and business practices. Most of the reporting countries require businesses to operate an equal opportunities policy for example.It is critical therefore that more businesses step up to take part in future surveys and broaden the pool from which this data is being drawn.Describing IGT’s reasons for becoming a founding member of the project, vice president of diversity and inclusion Kim Lee says: “This inaugural All-Index report is a valuable tool for IGT and other industry members committed to diversity, inclusion, and equity in our industry. Beyond the data, All-In has created a platform and forum to engage with all stakeholders on the critical issue of ensuring the global gaming industry reflects our evolving global player base.“Diversity, inclusion, and equity are no longer nice to have initiatives for our industry, they are critical, and All-In’s inaugural report helps to provide organisations with tools to make this a priority.”Last year’s headlines proved that sensibilities around this subject are changing rapidly across all industries. Now really is the time to take action on inclusivity and prove that gaming can foster inclusive working environments and attract the best talent from all backgrounds. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 22nd November 2018 | By Hannah Gannage-Stewart Subscribe to the iGaming newsletter Topics: People Pioneering cultural changecenter_img All-In’s first Index is a tantalising slice of diversity story but is far from the full picture People Email Address Tags: Online Gamblinglast_img read more

Recent Comments