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Research In Motion to Drop most consumer markets

Research In Motion to concentrate on business markets in future.
Research In Motion, the company that pioneered the smartphone era with its ubiquitous Blackberry product, shocked the market late Thursday with its announcement that it is to cede most consumer markets, which have become intensely competitive, instead concentrating on a primarily business services model.
In a statement, Toronto-based RIM chief exec Thorsten Heins said a turnaround of the company's struggling business required "substantial change."
"We plan to refocus on the enterprise business and capitalize on our leading position in this segment," Heins said. "We believe that BlackBerry cannot succeed if we tried to be everybody's darling and all things to all people. Therefore, we plan to build on our strength."
RIM said former co-CEO Jim Balsillie has resigned from its board, and revealed that David Yach, chief technology officer for software, and Jim Rowan, chief operating officer for global operations, also are leaving in a management shakeup.
Industry observers have noted that whilst BlackBerrys are respected for their security and reliability as email devices, they haven't kept pace with iOS or Android phones when it comes to running third-party applications.
The RIM statement advised that the firm is exploring partnerships and other opportunities for its existing consumer business in order to focus on the corporate customers.
"We can't do everything ourselves, but we can do what we're good at," Heins said at a subsequent conference call following the release of the latest disappointing results by the company.
RIM turned in a net loss of $125 million in the quarter that ended March 3. This compares with a positive $934 million in the comparative period a year ago. The company revealed that revenue fell 25 percent to $4.2 billion from $5.6 billion.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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