StanChart hires 4,000 staff in Asia

first_imgTuesday 9 November 2010 9:11 pm Show Comments ▼ whatsapp 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 Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution StanChart hires 4,000 staff in Asia Standard Chartered yesterday revealed it will create 4,000 jobs in Asia, fuelling fresh fears that London is missing out on a global banking jobs boom.A StanChart spokesman told City A.M. the majority will be based in Singapore, with some in Indonesia.The announcement came as David Cameron and George Osborne arrived in Beijing to promote UK exports to China. Meanwhile business secretary Vince Cable, also part of the China convoy, claimed banks threatening to quit the UK over regulation and tax are merely sabre-rattling.He said banks reconsidering their domicile is “a familiar negotiating technique,” albeit one that should “be taken seriously”. “You have got to balance that against our national interest. Banks have to be safe and that means that the regulations have to take into account the potential problems created by cash bonuses,” he told Bloomberg TV.Cable was responding to RBS chairman Sir Philip Hammond who warned banks could be forced out of Europe as a result of draconian new rules, which include strict capital requirements. HSBC also slammed UK?and EU?policies last Friday.Last month City A.M. revealed Barclays is weighing up the costs of quitting its UK base. Standard Chartered has also considered its position but has no immediate plans to relocate. center_img Tags: NULL 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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap KCS-content Share whatsapplast_img read more

WV sports betting revenue passes $10m in first six months

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Finance The first six months of legal sports betting in West Virginia has seen the state’s licensed operators generate revenue of $10.1m (£7.7m/€8.9m), with the Penn National Gaming-operated Hollywood Casino at Charles Town Races leading the market.Customers wagered $99.3m since the market opened on September 1, 2018, winning $87.4m.The Charles Town venue was responsible for the bulk of handle and revenue, with stakes for the casino totalling $68.6m, from which it generated revenue of $7.5m.This set it far ahead of the second most popular venue for sports betting, Eldorado Resorts’ Mountaineer Casino, which contributed revenue of $1.2m from $11.8m in stakes.Delaware North’s Wheeling Island Hotel-Casino-Racetrack came a distant third with revenue of $574,910.68, followed by another Delaware North property, Mardi Gras Casino and Resort ($514,775.38) and the Greenbrier ($352,147.44).The two Delaware North casinos were the only venues to launch mobile wagering during the six-month period, though their BetLucky app has been offline since March 6. Originally blamed on a service interruption, this has since been revealed to have stemmed from an infringement dispute between the operator’s sports betting technology partner Miomni Gaming and rival supplier Enterg Software Solutions.Delaware North has since terminated its sports betting contract with Miomni, and its online and land-based sportsbooks remain closed.From the week commencing December 29, 2018 to the week of March 9, 2019, the two venues generated revenue of $670,443.36 from mobile wagering. This was split almost evenly between the two properties, with Wheeling Island contributing $335,474.06 of the total, and Mardi Gras $334,969.30.Regulated sports betting generated $1.1m in taxes for West Virginia over the period, with $855,342.37 going to the state and $150,942.79 used for administrative purposes.Looking at other regulated forms of gambling in the state, regulated table games generated revenue of $75.8m from the start of the state’s 2019 financial year on July 1, 2018 to the end of March.Again, the Hollywood Casino at Charles Town led the market, with revenue of $46.9m, followed by Mountaineer Casino, with revenue of $11.1m. The state has generated taxes of $26.5m from table games for the financial year to date.Net video lottery terminal revenue, meanwhile, amounted to $353.9m for the fiscal year to March 30. This comprised $184.7m from the Charles Town facility, followed by $68.7m from Wheeling Island, and $66.5m from Mountaineer Casino. Mardi Gras lagged behind the other licensed casinos, with revenue of $34.0m.West Virginia’s gambling market is set to expand further after Governor Jim Justice allowed a bill legalising online gaming to pass into law without his signature. The bill sets a 15% gross revenue tax for licensed operators, as well as a $250,000 fee for a five-year licence. The first six months of legal sports betting in West Virginia has seen the state’s licensed operators generate revenue of $10.1m (£7.7m/€8.9m), with the Penn National Gaming-operated Hollywood Casino at Charles Town Races leading the market. WV sports betting revenue passes $10m in first six months 9th April 2019 | By contenteditor Subscribe to the iGaming newsletter Regions: US West Virginia Tags: Mobile Online Gambling OTB and Betting Shops Race Track and Racino Topics: Finance Sports betting Horse racing Email Addresslast_img read more