The budding connection between football and gambling

first_imgProfessional football exists for two very important reasons. The first is to give fans a wonderful league and teams to rally around as a community. Additionally, it’s fans who watch their favorite teams and players and get inspired to become great football players themselves. The other reason professional football exists is to give sports gamblers something to do on game-day. Indeed, there has always been a comfortable relationship between European football leagues/teams and a growing gambling industry throughout Europe.In recent years, the connection football has with gambling has expanded to include relationships between the leagues, teams and players with land-based and online casino/sports book operators. These relationships have manifested into sponsorship deals that are giving exposure to all parties involved.On the football side, sponsorship deals with major gambling operations have brought a great infusion of cash to help offset the rising cost of player salaries. For the land-based and online casino operators, these deals have brought them additional exposure, which has resulted in large increases in customer bases pretty much across the board. If a deal is one that greatly benefits both parties equally, it would be appropriate to say these sponsorship deals are rock solid.Sponsorship deals – the early daysWith the rising acceptance across Europe of gambling as a viable form of adult entertainment, it has become an accepted practice for football clubs to have relationships with gambling interests. No longer do fans and regulatory bodies feel uneasy about possible integrity issues related to gamblers and gambling operators having direct access to players and teams. With much of that in the past, the two communities have been able to move forward in a sort of marriage.With that said, the first material sponsorship deals came to light just a little over 10 years ago. Online gambling giant Bwin.Party was the first one to join the fray with a T shirt sponsorship deal for Real Madrid. That deal lasted for five years, ending in 2012, with Bwin.Party then moving on to sponsorship of Manchester United. The deal with Real Madrid is estimated to have increased the online bookmaker’s customer base by 20% of the gambling market in Spain.Other major deals being signed around the start of the decade included land-based casino giant Genting Casinos’ two-year deal with Aston Villa F.C., starting in 2012. Gambling companies like 188Bet, bet365 and 12Bet.com soon followed up with sponsorship deals of its own with various premier League Clubs like Stoke City and West Ham United.Current sponsorship dealsIt turns out that what was taking place just 10 years ago was nothing more than a tip of the iceberg. Today, there are nine Premiere League teams that have game-day jersey sponsorship deals with gambling concerns and online casinos. The list includes Bournemouth (M88), Everton (SportPesa), Fulham (Dafabet), Newcastle United (Fun88), West Ham United (Betway) and Wolverhampton (W88) among others.As evidence this is a trend that is likely to continue growing, we are seeing a number of US major sports leagues and teams also signing with large online gambling operators. That includes a very recent deal signed between MGM Resorts and Major League Soccer. By the way, MGM has also signed deals with the NBA and the NFL’s New York Jets. Clearly, major sports leagues and the gambling industry understand the tremendous potential that lies within these deals. Very soon, there’s a realistic chance every team in the Premier League will have a relationship with a large gambling conglomerate. The next logical step will be the introduction of sponsorship deals for the league in general and some of the major facilities where the top teams call home. Follow West London Sport on TwitterFind us on Facebookby Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksRecommended for youAspireAbove.comRemember Pauley Perrette? Try Not To Smile When You See Her NowAspireAbove.comUndoLifestly.com25 Celebs You Didn’t Realize Are Gay – No. 8 Will Surprise WomenLifestly.comUndoUsed Cars | Search AdsUsed Cars in Tuen Mun Might Be Cheaper Than You ThinkUsed Cars | Search AdsUndoTopCars15 Ugliest Cars Ever MadeTopCarsUndoezzin.com20 Breathtaking Places to See Before You Dieezzin.comUndoFood World Magazine15 Fruits that Burn Fat Like CrazyFood World MagazineUndoDrhealth35 Foods That Should Never Be Placed in the RefrigeratorDrhealthUndoHappyTricks.comHer House Always Smells Amazing – Try her Unique Trick!HappyTricks.comUndolast_img read more

SA banks must ‘know their clients’

first_img30 June 2004The Financial Intelligence Centre Act requires South Africa’s banks to comply with “know your client” provisions aimed at preventing money laundering and maintaining the integrity of the country’s financial systems.The original 30 June 2004 deadline for banks to verify the identities of their clients has been deferred to an array of new cut-off points starting on 31 December 2004.The provisions require all financial institutions to verify the personal details of their customers.While the the onus is on banks to verify this information, banking customers risk having their accounts frozen if they do not provide their banks with the necessary proof of identity and residence – and banks are encouraging their clients come forward with this in good time.Existing and potential account holders should provide their banks with the following documentation:Proof of identity (by means of a green bar-coded ID document).Proof of residential address (by means of a municipal rates bill, Telkom bill or valid TV licence displaying the account holder’s name and residential address).New deadlinesAnnouncing the deferral of the 30 June 2004 deadline, Finance Minister Trevor Manuel said banks would have to confirm the identities of their “highest-risk clients” by year-end 2004. The profile of this category of client would have to be determined by the banks themselves.By 31 May 2005, banks would have had to verify the details of at least 50% of their clients, Manuel said.The deadline for reporting on “lowest-risk clients” – people with a monthly turnover of less than R5 000 and a balance ceiling not higher than R25 000 – was delayed to 30 September 2006.The requirement for clients’ residential addresses to be verified alongside their identity documents would not be dropped, Manuel said.“Mere reliance on ID numbers is clearly inadequate, partly because the issue of ID numbers itself has been the subject of dispute because of theft of blank ID books and so on”, the minister said.While it was true that many South Africans had no permanent addresses, “we identify that as a challenge that we have to respond to in a variety of ways rather than an obstacle that will see us walking away from compliance”.With up to 22 million bank accounts in the country, it is not yet known how many people the Act will affect.Blocking money launderersThe regulations, Manuel said, were aimed at ensuring “that those who earn their keep by foul means are prevented from using the facilities of the financial services institutions”.Financial Intelligence Centre acting director Murray Mitchell says the Act, passed in 2001, aims to prevent money launderers from using bank accounts to defraud South Africa’s economy, so breaking the cycle used by organised criminal groups to benefit from illegitimate profits.The Act, the result of five years of investigation and development, complements the Prevention of Organised Crime Act of 1998, which details the money laundering offences.The new legislation “has brought South Africa into line with top international standards of financial crime fighting”, says Kim Jenkins, head of strategic delivery at First National Bank.Record-keeping, reporting obligationsBesides the “know your client” obligations, the Act also imposes record-keeping and reporting obligations on South Africa’s banks.By 31 July 2004, banks have to supply the Reserve Bank with a complete risk framework, and to report on progress quarterly. By 31 October 2004 they have to identify all trusts, partnerships and the top 20% of private and corporate clients – those responsible for the bulk of transactions.Brokers and investment managers have to report by 31 October 2004 on the verification of partnerships and trusts and the top 20%, by transaction value, of their clients.Financial Intelligence CentreThe Act also requires financial institutions to compile reports on any unusual transactions – such as unusually large deposits or withdrawals – and to forward these to the appropriate law enforcement agencies if any transgressions are found.The Financial Intelligence Centre, established to identify the proceeds of unlawful activities and to combat money laundering, started receiving suspicious and unusual transaction reports from businesses in February 2003.Its objectives will expand to include combating of terrorist financing offences when the Anti-terrorism Bill is enacted.The Centre makes its information available to the country’s investigating authorities: the SA Police Service; the National Prosecuting Authority through the Directorate of Special Operations (Scorpions) and the Asset Forfeiture Unit; the intelligence services; and the SA Revenue Service.The Centre also exchanges information with similar bodies in other countries.SouthAfrica.info reporterlast_img read more

Ohio Ag Weather and Forecast, June 5, 2019

first_imgShare Facebook Twitter Google + LinkedIn Pinterest No change in today’s outlook, as we expect showers to move across the state through the day. The best chance of thunderstorm development will be this afternoon and evening in the far west and southwest parts of Ohio. We continue to look for .25”-.75” rain totals with 80% coverage today. Tomorrow we still see most moisture moving away, and we even may see limited action in far southern and eastern Ohio. Friday and Saturday should be mostly dry across most of the state.  Late Saturday rains start to expand across the state, lifting up from the south, and for Sunday we see showers over 70% of the state bringing .25″-1”. The map at right shows rainfall potential through the weekend (Sunday night). We are keeping our forecast for next week mostly dry. We see partly to mostly sunny skies emerging Monday as moisture from the weekend system moves out of Ohio. Behind that we stay mostly sunny through at least Wednesday midday. The second half of the week may bring more clouds. Some models started to suggest late yesterday that there can be some moisture rotating into the region around a strong low tracking across the upper Midwest and into the great lakes. Right now, we are keeping our forecast dry all week, but will leave the second half of the week with an asterisk. We may need to add in some showers for Thursday, Friday and even early Saturday if we get confirmation of that Great Lakes low shifting a little farther south and east. Without that, we still will be seeing most of the state with 5 dry days back to back. So, the potential for pattern change at midweek could have a dramatic impact on what we can accomplish. The extended period is fully unchanged this morning. Showers and thunderstorms are around for Saturday the 15th bringing .1”-.6” and 70% coverage. Then on Sunday we see a mix of clouds and sun up north, but a chance of late afternoon and evening showers south of I-70. Those showers can bring up to half an inch, but only 50% coverage. Monday the 17th shows potential for showers producing .05”-.45” rain and 60% coverage, then we go dry and partly sunny for Tuesday the 18th. Showers and thunderstorms are back for Wednesday the 19th over the northern half of the state, and could bring some bigger totals, from .25”-1.5” and 80% coverage.last_img read more

Injured Kyrgios pulls out of Wimbledon opener

first_imgAustralia’s Nick Kyrgios walks through Wimbledon tennis club wearing a newly released Tottenham Hotspur T-Shirt in southwest London on July 1, 2017, prior to the start of the tennis tournament on July 3. (Photo by ADRIAN DENNIS / AFP)LONDON, United Kingdom — Nick Kyrgios suffered more injury woe as the Australian was forced to retire from his Wimbledon first round match against Pierre-Hugues Herbert on Monday.Kyrgios admitted last week he would go into Wimbledon only “60-65 percent” fit as he struggled to recover from the left hip injury that forced him to pull out of Queen’s Club last month.ADVERTISEMENT Lacson: SEA Games fund put in foundation like ‘Napoles case’ MOST READ Sports Related Videospowered by AdSparcRead Next Cayetano to unmask people behind ‘smear campaign’ vs him, SEA Games Palace: Up to MTRCB, DFA chief to pull out ‘Abominable’ from cinemas PLAY LIST 00:54Palace: Up to MTRCB, DFA chief to pull out ‘Abominable’ from cinemas00:50Trending Articles00:50Trending Articles02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Don’t miss out on the latest news and information. Madison Keys wins opening match at Wimbledon LATEST STORIES Another vape smoker nabbed in Lucenacenter_img A Kyrgios double fault in the eighth game gave Herbert the break that gifted him the opening set.Kyrgios, then ranked 144th, burst onto the scene at Wimbledon in 2014 when he defeated then world number one Rafael Nadal en route to the quarter-finals.With the injury impeding his movement, there was no sign of that brilliance against Herbert and when the 70th-ranked Frenchman took the second set, Kyrgios called for treatment.He spent several minutes speaking to the doctor before telling Herbert he was going to have to retire.ADVERTISEMENT The 22-year-old had reached at least the fourth round in all three of his previous Wimbledon appearances.But after losing in the second round at both the Australian and French Opens this year, Kyrgios’s miserable 2017 continued as the world number 20 lost the first two sets 6-3, 6-4 against Herbert before deciding to call it quits due to the nagging injury.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsHerbert will face France’s Benoit Paire or Brazilian Rogerio Dutra Silva in the second round.From the moment he stepped onto Court Three wearing long white leggings under his shorts, Kyrgios didn’t look comfortable and he spent most of the first set trying to flex and stretch his leg. Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ View comments Pagasa: Kammuri now a typhoon, may enter PAR by weekend China furious as Trump signs bills in support of Hong Kong LOOK: Jane De Leon meets fellow ‘Darna’ Marian Rivera What ‘missteps’?last_img read more