Austrian firm lists despite lower price

first_img Share Show Comments ▼ AUSTRIAN aluminium group AMAG has raised €366m (£320m) in the first Vienna listing since October 2007.The manufacturer sold at €19 per share, at the bottom end of its anticipated price of between €19 and €24.The range was narrowed earlier this week to between €19 and €21, amid tough market conditions for initial public offerings (IPO).Market volatility worldwide has already derailed several other planned floats this year.AMAG placed around 19.3m shares, including 5.3m new shares with private domestic investors and international institutional investors.The IPO lets its main private equity backer, CP Group 3, reduce its stake to 34.5 per cent before exercise of an over allotment option.A joint venture between One Equity Partners and Constantia Packaging, CP Group 3 had originally hoped to raise up to €535m.Yet the IPO will still hand the firm a €100m capital injection to expand its range of products and geographical reach.MEET THE ADVISERSLARS STIEWEBNP PARIBASLARS Stiewe led the advisory for BNP Paribas as the joint global coordinator and bookrunner on the AMAG initial public offering (IPO).Based in London, the managing director is head of equity capital markets for Germany, Austria and Switzerland.He has over 16 years of experience in corporate finance, having worked for BNP Paribas for the past 10 years.Stiewe played a key role in raising almost €5bn (£4.4bn)?capital for German car manufacturer Porsche, as well as deals for tyre maker Continental and Heidelberg Cement.Before joining BNP Paribas he worked for Dresdner Kleinwort.He was joined on the AMAG deal by Dimitri Boulanger, a metals and mining specialist for the bank.Boulanger previously advised on the attempted merger between mining giants BHP Billiton and Rio Tinto, and acted as adviser to Arcelor in its deal with Mittal Steel in 2006 to create the world’s largest steel producer. Based in London, he joined BNP Paribas in 2004 from HSBC, where he worked in Paris for four years. He previously worked for NatWest Markets in London.Berthold Muller, head of corporate finance for BNP Paribas in Germany, worked on the deal in the bank’s Frankfurt office.JP Morgan joined the French bank as joint global coordinator and bookrunner. Raiffeisen Centrobank and UniCredit Bank Austria were co-lead managers on the deal. whatsapp KCS-content center_img Austrian firm lists despite lower price Tags: NULL whatsapp Thursday 7 April 2011 7:47 pmlast_img read more

US budget deficit hits $188bn in March

first_img whatsapp Tuesday 12 April 2011 2:29 pm alison.lock 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 Tags: NULL 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 PastBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 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 SeeBetterBecenter_img The United States posted a monthly budget deficit of $188bn (£115bn) in March as the government spent more than twice what it took in last month, the Treasury Department has said.The Treasury said the cumulative deficit through the first half of fiscal 2011, which began on October 1, was a record $829bn, about 16 per cent higher than the prior year’s $717bn first-half shortfall.The monthly budget deficit was the second largest shortfall recorded in any March, outsized only by the $192bn gap posted in March 2009.The monthly shortfall was just shy of the $189bn forecast of economists polled by Reuters. Share Show Comments ▼ whatsapp US budget deficit hits $188bn in March last_img read more

Profits at JP Morgan soar

first_img Profits at JP Morgan soar 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 SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comDaily Finance StoriesChrissy Metz, 40, Shows Off Massive Weight Loss In Fierce New PhotoDaily Finance Stories whatsapp Share JP MORGAN beat expectations yesterday to post a 78 per cent jump in pre-tax profit, with investment banking revenues posting a dramatic recovery from a mediocre first-quarter last year.Overall pre-tax profits soared to $8.06bn (£4.95bn), with investment banking fees revenue up 23 per cent to $1.79bn.The investment bank recorded its second most profitable quarter ever, having had a particularly strong three months for M&A mandates.JP Morgan was appointed to advise AT&T on its $39bn purchase of T-Mobile USA and Duke Energy’s $26bn acquisition of Progress Energy. The deals put it at the top of Dealogic’s first-quarter league table for global market share in M&A.But the bank’s consumer business, with its hangover of struggling property exposure, is still a drag on profits. It announced that it will face a $650m pre-tax cost due to “foreclosure-related matters” due to an ongoing row over struggling mortgage-holders being wrongly evicted from their homes.Overall, the retail bank saw pre-tax earnings drop five per cent on the same period last year, coming in at $1.49bn. Retail income was hit particularly by a $937m net loss in mortgage and auto lending, although this was an improvement on last year’s first-quarter loss of $1.19bn.The bank’s real estate portfolio similarly remained in the red but saw a substantial improvement, going from $1.3bn to $162m in net losses. whatsappcenter_img Show Comments ▼ KCS-content 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Wednesday 13 April 2011 8:49 pm Tags: NULLlast_img read more

PM warns on migration

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePost Fun25 Worst Movies Ever, According To Rotten TomatoesPost FunMovie JewelInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeMovie JewelFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterHealthyGemAlways Place A Rubber Band On Door Knob When Alone, Here’s WhyHealthyGembonvoyaged.com40 Dated Things That Show Your Agebonvoyaged.comBetterBeVinegar In The Garden Is One Of The Tricks You Will Love to TryBetterBeautooverload.com40 Dated Fashion Trends That Shows Your Ageautooverload.comAll Things Auto | Search AdsNew Acura’s Finally On SaleAll Things Auto | Search AdsBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach Raider PRIME Minister David Cameron is to outline harsh new measures to control migration into Britain today.Cameron will make a dual attack on the large-scale immigration that led to a spike in public anxiety during the election campaign, as well as on the welfare state that he says feeds work to migrant workers.Immigration has “created a kind of discomfort and disjointedness” in communities, he will say, as migrants fail to integrate. He will advocate “good immigration, not mass immigration” and pledge to clamp down on student visas, which he blames for over 300,000 arrivals last year. But he will also focus on reducing UK welfare benefits. “Migrants are filling gaps in the labour market left wide open by a welfare system that for years has paid British people not to work,” he will say. “That’s where the blame lies – at the door of our woeful welfare system.” whatsapp whatsapp Share PM warns on migration center_img Wednesday 13 April 2011 8:59 pm KCS-content Show Comments ▼ 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Tags: NULLlast_img read more

BEST OF THE BROKERS

first_img Tags: NULL Show Comments ▼ 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Share whatsapp ASSOCIATED BRITISH FOODSCredit Suisse rates the retail group “overweight” with a target price of £10.60. The broker expects underlying group earnings to reach £353m, a rise of 6.6 per cent on last year, when ABF reports half-year results next Wednesday. It thinks like-for-like sales at Primark will be down three per cent, with the UK flat and continental Europe delivering double-digit growth, with margins to be down 60 basis points.ANTOFAGASTAEvolution Securities rates the miner “sell” with a target price of £12. The broker thinks Antofagasta has finished expanding in the near term and that the copper price is set to weaken, further damaging its share price. Evolution is also sceptical about a longer-term shortage of copper supplies, pointing to several large mines that are expanding. It believes peers such as Kazakhmys look cheaper in the current market.LLOYDS BANKING GROUPThe bank is Nomura’s top pick in the UK financial sector, with a “buy” rating and a target price of 80p. The broker is impressed by Lloyds’ gearing towards traditional banking and expects a restructuring to deliver surplus capital of at least 20p per share within three years. Nomura thinks that even if Lloyds is forced into selling alot more retail branches, the assets will command a good price. Tuesday 19 April 2011 7:57 pm whatsapp KCS-content BEST OF THE BROKERS last_img read more

When times are hard it’s easy to impress

first_img Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.com Wednesday 20 April 2011 8:22 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald SHAREHOLDERS may have been handed a carrot today in the form of a reinstated dividend, but long-term a return to the stick is looking more and more likely. Argos has been underperforming for Home Retail Group since Christmas 2008, and unless Terry Duddy really throws his weight behind it that’s unlikely to change anytime soon. But with retail gloom showing no discrimination when it comes to its target any improvement in fortune, however small, is likely to get a thumbs up from investors. In January this year, for example, the company added £173m to its value in one day of trading despite losing £30m over Christmas. Trading in line with expectations doesn’t sound like much when forecasts have you down 13 per cent. But shares in the group still jumped more than four per cent today, despite brokers continuing to back away from the stock with haste. Sometimes least worst might just be enough. When times are hard it’s easy to impress center_img KCS-content Share whatsapp whatsapp Tags: NULLlast_img read more

GiG to power betting for MRG’s new esports venture

first_img GiG to power betting for MRG’s new esports venture Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address MRG and Gamingzone joint venture GLHF.GG is set to launch during the first quarter of 2019 Companies: GiG Topics: Casino & games Esports Sports betting Video gaming MRG and Gamingzone Entertainment have enlisted Gaming Innovation Group (GiG) to support the planned launch of their esports betting joint venture in the first quarter of 2019. The gaming operator and esports entertainment group, which announced their partnership in May this year, have now confirmed the venture will be called GLHF.GG, an abbreviation of “Good luck. Have fun. Good game.” GiG will provide GLHF.GG with its GiG Core technical platform for esports and iGaming services. GLHF.GG aims to create a global community for esports followers, offering odds on range of markets as well as streaming of events and other ancillary forms of entertainment.“There is a massive engagement around eSports today with 200 million frequent viewers globally every day,” MRG chief executive Per Norman said. “Our ambition is to build the world’s most engaging eSports community together with Gamingzone Entertainment.” In October, MRG said during a results announcement for the third quarter that it hoped to launch the venture before the end of 2019. Niklas Grawé was appointed as chief executive of the new business unit in September.“With this great and very relevant name together with our idea on how to mix streaming, betting and gamification, we have the prerequisites to attract attention from this rapidly growing audience,” Grawé said of the new brand. Robin Reed, CEO of GiG, added: “We highly value MRG’s and Gamingzone’s knowledge and experience in both igaming and esports and are delighted to enter the fast-growing esports vertical together with them, adding further scale to our ecosystem.” Last month, GiG announced a 21% year-on-year increase in revenue to €37.3m (£33.2m/$42.3m) for the third quarter. 5th December 2018 | By contenteditor Tags: Online Gambling Video Gaming Subscribe to the iGaming newsletterlast_img read more

Hawaii lawmakers aim to establish state wagering operator

first_img Tags: Mobile Online Gambling OTB and Betting Shops Legislators in Hawaii have filed a bill that could see sports betting become the first legal form of gambling in the state, though without opening up the market to private operators. Hawaii lawmakers aim to establish state wagering operator Topics: Legal & compliance Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US Legal & compliance 25th January 2019 | By contenteditor Legislators in Hawaii have filed a bill that could see sports betting become the first legal form of gambling in the state, though without opening up the market to private operators.House Bill 1107 proposes regulating sports betting on the basis that “tens of thousands” of Hawaii residents are already betting via illegal offshore sites.“Moreover, tens of millions of dollars in revenues generated from online gambling are being realized by offshore operators serving Hawaii residents, but no benefits are provided to the State,” the bill explains.“To protect Hawaii residents who gamble on the Internet, and to capture revenues generated from internet sports wagering in Hawaii, it is in the best interest of the state and its citizens to regulate this existing activity by authorising and implementing a secure, responsible, and legal system for sports wagering,” it continues.However this would not be achieved by allowing private operators into the market. Instead, HB1107 proposes creating a state-owned entity, the Hawaii Sports Wagering Corporation, that will be permitted to offer sports betting and used to generate additional revenue for the state.It will be established by amending the Hawaii Revised Statutes and exist as a subsidiary of the state’s Department of Business, Economic Development and Tourism for administrative purposes, and offer sports betting to those aged 18 and above.The Corporation will be overseen by a seven-member board of directors, with three of the initial directors to serve two-year terms; two to serve for four years, and two for five. This board will be responsible for appointing a chief executive officer to lead the business.The board will also be responsible for developing regulations for sports betting within 180 days of SB1107 passing into law, and launching a tender process to select a sports betting provider.This provider must have experience of running regulated gaming and lottery operations in the US, experience in the digital media and entertainment space, and have proven online technology, suggesting online wagering will be permitted.The Hawaii Sports Wagering Corporation will be exempt from tax, with all its proceeds to be deposited into the Sports Wagering Special Fund, which is also created through the legislation. Funds generated through legal sports betting will be used to modernise and upgrade Hawaii’s capital infrastructure and support maintenance projects.The bill, which has been introduced in the Hawaii House of Representatives and passed its first reading, is yet to be assigned to a committee for further scrutiny.Currently Hawaii is one of two US states with no legal forms of gambling, alongside Utah. Subscribe to the iGaming newsletter Email Addresslast_img read more

Kindred subsidiary settles with GC over AML and SR failings

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Legal & compliance Topics: Legal & compliance Kindred subsidiary settles with GC over AML and SR failings Tags: Online Gambling Kindred Group subsidiary Platinum Gaming has agreed a £1.6m (€1.8m/$2.0m) settlement with the GB Gambling Commission after it was ruled to have failed to prevent gambling harm and breached UK money laundering regulations.The decision follows an investigation by the regulator, during which it identified breaches of various regulations, including Social Responsibility Code Provision 3.4.1. of the 2005 Gambling Act and the 2017 Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.The Commission initiated the investigation after it was passed information about an individual who had been convicted of a £2m fraud and had been spending stolen money through a number of gambling operators, including PGL.The customer opened a gambling account with PGL and made a series of large deposits, losing significant sums in a very short period of time. In total, the individual lost £629,420.In its evaluation, the regulator said the customer high deposits with significant losses were a sign of gambling-related harm, and PGL should have considered refusing to serve the customer or barring access from their gaming sites. The individual opened a standard account on February 24, 2017 and was made a VIP customer two days later.Although the customer stopped gambling with PGL in March 2017, he resumed his activity in October 2017, gambling and losing ten times the amount he had gambled previously.The Commission said that PGL failed to make use of all available information they held on the customer to ensure effective decision making, adding that this was particularly concerning given the player was identified as a high-value player.The regulatory investigation also found PGL in breach of licence condition 12.1.2, which relates to anti-money laundering and due diligence processes.PGL, according to the Commission, failed to comply with measures 7(1) and (3) of the 2017 Regulations as it did not make adequate enquiries about the source of the funds the customer used to gamble, despite flagging them as a high-risk player.The regulator also said PGL failed to apply enhanced due diligence and ongoing monitoring properly on a risk-sensitive basis. This went contrary to section 14 of the 2017 Regulations, which requires operators to apply additional measures to establish and verify the customer’s identity, as well as scrutinise transactions that present a higher risk of money laundering.The investigation discovered when the customer returned to PGL after a five-month absence, they were able to recommence gambling without any further verification, despite having previously been flagged as high-risk.The regulator said the fact player was able to return in October 2017 and deposit and lose such significant amounts of money shows PGL’s policies and procedures “were not fit for purpose”.According to the Commission, PGL acknowledged its shortcomings at an early stage of the process. The oeprator accepted it failed to act in accordance with the Licence Conditions and Codes of Practice, the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 and regulatory guidance on both money laundering and terrorist financing.The £1.6m settlement includes PGL divesting itself of £629,420 generated from the customer’s gambling, with this money returned to individual from whom it was originally stolen.Also covered is a £990,200 payment in lieu of a financial penalty, which will now be used to help fund the National Strategy to Reduce Gambling Harms, as well as a payment of £9,800 towards the Commission’s investigative costs.“There were weaknesses in Platinum Gaming’s systems and as a consequence, more than half a million pounds of stolen money flowed through the business,” Gambling Commission executive director Richard Watson said. “This is not acceptable and I would urge all operators to carefully read this case and learn lessons so they don’t make the same mistakes.”“This is yet another example of us taking firm action against online operators who fail to protect consumers or implement effective safeguards against money laundering.“We must see the industry stepping up and providing consumers in Great Britain with the safest and fairest gambling market in the world,” Watson added. “Where we continue to see failings, we will continue to take action.”PGL is the second gambling operator to reach a settlement with the Commission over regulatory failing this week, after it was announced yesterday (June 12) that software developer and operator Gamesys Group settled for £1.2m over failing to prevent gambling harm and breaching money laundering regulations.Last week, the Commission also stripped Malta-licensed operator MaxEnt Limited, trading as Maxent NRR Entertainment, of its UK operating licence following a change in ownership. The Slotty Vegas operator has since stated that it intends to appeal the decision. Subscribe to the iGaming newsletter 13th June 2019 | By contenteditor Regions: UK & Ireland Kindred Group subsidiary Platinum Gaming has agreed a £1.6m (€1.8m/$2.0m) settlement with the GB Gambling Commission after it was ruled to have failed to prevent gambling harm and breached UK money laundering regulations. Email Addresslast_img read more

Portugal igaming revenue reaches record €84.2m in Q3

first_img Regions: Western Europe Portugal Portuguese casino operator Solverde Group was one of the new additions to the market in Q3, having secured an online sports betting licence in September 2020. Players wagered a total of €222.8m on sports betting in Q3, almost double the amount bet in the same quarter in 2019. Football was the main source of sports betting interest during Q3, accounting for 79.1% of all wagers placed in the quarter. Tennis was a distance second with 11.8% of bets, then basketball on 6.5%. Online gambling revenue in Portugal amounted to a record €84.2m in the three months to 30 September 2020, according to new figures published by national regulator Serviço de Regulação e Inspeção de Jogos (SRIJ). The quarterly total represented a 55.6% year-on-year increase on the €54.1m in the corresponding period in 2019, and also 22.6% improvement on €68.7m in the second quarter of 2020. 4th January 2021 | By Robert Fletcher Slot machines were by the most popular form of online games of chance during Q3, accounting for 70.3% of wagers in this market, ahead of roulette on 13.8%, blackjack on 6.1% and poker with 4.8% of the market share. Tags: Finance Email Address Revenue from games of chance reached €41.7m in Q3, up 47.9% on last year. However, this was down 12.9% on the €47.9m generated in Q2 2020, as some consumers switched back to sports betting amid the return of many sports competitions.center_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Some 156,000 consumers registered for new accounts in Q3, while the number of people who opted to self-exclude from online gambling also increased in the quarter to 62,100. In terms of operator numbers, a total of 24 licences are currently active in the country, up from 18 in 2019, with 11 of these being valid for sports betting and 13 for online games of chance. A total of €1.18bn was spent on online games in Q3, up 59.4% from €741.6m in the corresponding period in 2019. Topics: Online casino Q3 results 2020 Online sports betting Q3 results 2020 Sports betting revenue for the quarter amounted to €42.5m, up 23.2% from 2019 and also more than double the total generated in Q2, helped by the restart of major sports events following the novel coronavirus (Covid-19) shutdown. Portugal igaming revenue reaches record €84.2m in Q3 Subscribe to the iGaming newsletterlast_img read more