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Svenska Spel has committed to a financial goal
Wednesday, May 2,2012 : SVENSKA SPEL SETS TARGETS
Fiscal target for the first time in its history
Swedish gaming monopoly Svenska Spel has committed to a financial goal for the first time in its history with a target set to achieve an operating margin of at least 22 percent over its fiscal business cycle.
"I think it is encouraging that we now have a financial goal to steer the company towards. Operating margin is a good measure of efficiency that gives a freedom to work with both revenues and costs over time, depending on market conditions and other external factors", said Svenska Spel chief executive officer Lennart Käll.
In related news, the firm announced the appointment of two new members to its Board, Cecilia Marlow and Frank Akerman - an economist and a pastor respectively.
"The motivation is to supplement the Board with two members with experience in retail and consumer sector and addiction issues. There will be a board together with relevant and extensive experience and high level of financial expertise, said Anitra Steen, chairman of Svenska Spel.
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Amaya FY2016 Trading Update -
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LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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