Gibraltar a ‘natural step’ for Scientific’s sportsbook team

first_img Tags: Online Gambling OTB and Betting Shops Gibraltar a ‘natural step’ for Scientific’s sportsbook team Scientific Games has said that placing a new sportsbook operations team in Gibraltar represents a “natural step” for the company as it seeks to expand across the global sports betting market.The SG Digital arm of Scientific will manage the operation, which will directly support customers with operations services to help grow their sportsbook businesses.SG Digital can manage an entire sportsbook operation for multiple customers across online, mobile and retail.Stuart Weston has been appointed as vice-president of sportsbook operations for SG Digital and will head up the operation. He most recently served as managing director for Superbet and was previously sportsbook product director at William Hill.Keith O’Loughlin, senior vice-president of sportsbook for SG Digital, said the new operation in Gibraltar means that the company is able to support customers “like never before”.“Given the massive opportunity in the US and the continued success of existing markets, the addition of sportsbook operations is a natural step up for our business,” O’Loughlin said.“The team will work directly with our partners to operate and run their sportsbooks, ramping up the value of sports betting for everyone involved. It’s a new ball game, and our partners have asked to tap into our vast knowledge to help with day-to-day sportsbook operations.“Now, we’re completely equipped to offer that capability and support customers in growing their business like never before.”Scientific has been active in the post-PASPA era in the US, striking deals in a number of states and securing early momentum in the regulated sports betting sector.Last month, Scientific went live with Caesars in Mississippi following a successful launch in New Jersey in July.The company recently rolled out virtual sports in Pennsylvania while the state finalises its sports betting regulations and also signed a deal with the Delaware Lottery.Image: RedCoat AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter New team will support customers directly with sportsbook operations 14th September 2018 | By contenteditor Topics: Casino & games Sports betting Strategy Tech & innovation Bingo Bingo Subscribe to the iGaming newsletter Email Address Regions: Europe Southern Europe Gibraltarlast_img read more

Diversity: Be the change

first_img Eva Goel on the company attributes required to build a more diverse and effective workforce Subscribe to the iGaming newsletter Email Address Eva Goel explains why gaming appealed to her and what company attributes are required to build a more diverse and effective workforceThere is a lot of discussion today about how to achieve greater representation for women, as well as other minorities, in the gaming industry. A lot of this is focused on what’s wrong, from the blatantly obvious (scantily clad models on conference stands) to the slightly more subtle (failure to take a stance against harassment and discrimination). But the tone largely remains defensive and reactive. Reflecting on my own experience as a relative newcomer to the industry, I am a strong proponent of giving more air time to the good reasons for choosing gaming as a career path and how it happened for those of us who are already here. So this is my ‘how-to’ guide for under-represented candidates, as well as the organisations that want to attract them.Getting  into  it As with all things, in my case it took some luck. I was not specifically after a career in gaming, but rather a high growth opportunity in an early-stage company,  where I could apply the commercial skills I had acquired working for several years in financial and information services. The opportunity presented itself  in the form of a start-up that aspired to create a Bloomberg-style platform for sports betting. Although things didn’t quite work out, the time I spent with the company was formative. What I learnt: •  For  candidates: Don’t  hesitate to define your ‘value-add’ in entirely  new contexts. •  For  organisations: Promote the fact that  gaming is a dynamic global industry with strong growth  potential  —  commercial  growth  potential   translates  into  the  personal  growth  potential. Choosing to stay Opting  to  remain  in  the  industry  was  a  deliberate  decision  and  largely   due  to  Colossus  giving  me  the  opportunity  to  become  part   of  what  I  see  as  the  most  exciting  story  in  gaming  today.  This was  no  typical  recruitment  process — there was no formal  job spec or project definition.But  there was an open-minded invitation by the management to come on board, get acquainted with the business and potentially carve out a role for myself. Think of it as a form of ‘professional  dating’  that worked for both sides and ultimately translated into me formally  coming on board as chief of staff. What I learnt: • For candidates: Target companies before roles. Especially in early- stage  environments, there is little time for job specs, but there is a high need for people who can demonstrate their value. • For organisations: Target people before roles. Create roles for people  you know to be valuable – in the long  term, it is the highest-return recruitment strategy. Looking towards the future Just a few  weeks ago, I was promoted to CCO. I am one of the many examples of our strong culture of promoting from within. And with a partner network that first doubled, then tripled in size in three short years, there it lots to look forward to. Is there a blueprint for everyone? Here? Probably not, but I hope there is enough to demonstrate that by being a bit  unconventional, both people and organisations can go a long  way.Eva Karagianni-Goel is chief commercial officer at Colossus Bets, where she is responsible for the company’s B2B partner network and commercial strategy.  She spent her early career in maritime shipping in her native Greece.  Before joining the gaming industry, she held leadership positions with global information services provider Dun & Bradstreet in the US and the UK. 16th November 2018 | By Hannah Gannage-Stewart AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img People Tags: Online Gambling Diversity: Be the change Topics: Peoplelast_img read more

WatchandWager confident of California licence extension

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter WatchandWager confident of California licence extension Webis subsidiary expects its ADW licence to be renewed until 2020 after three-month interim extension Webis Holdings claims the California Horse Racing Board (CHRB) is likely to grant its WatchandWager subsidiary an advanced deposit wagering (ADW) licence renewal through to December 2020, after unanimously approving a three-month extension.The CHRB’s decision yesterday (November 29) means WatchandWager be allowed to accept bets from California residents on horse racing until a full renewal hearing takes place in February next year. Its licence had been due to expire next month.Webis said that its board “expects its licence to be renewed to December 2020” at the hearing.WatchandWager described the interim renewal as “strategically important […] in light of the anticipated legislation legalising sports betting in the state”, despite California lawmakers failing to file a bill to legalise sports betting since the Supreme Court repealed PASPA in May.The operator already has a strong land-based presence in the state, operating the Cal Expo Harness Racetrack in Sacramento, while its head office is based two hours west in Larkspur. WatchandWager received approval from the Thoroughbred Owners of California organisation to allow residents in the US state to wager on thoroughbred racing nearly five years ago.“As an existing track operator in California, WatchandWager is in a strong position to offer sports betting if it is passed into law,” Webis explained.Webis stated in its financial report for its financial year ended May 31st, 2018 that Cal Expo “continues to provide leverage for our related global pari-mutuel operations”.The report, which was published on Wednesday (November 28), added: “It should be recognised California will be a little slow to adopt regulation, but we are very encouraged by the certainty that only California land-based operations will be licensed in the state.”The renewal in California has provided a timely boost after Webis in October announced the cessation of a partnership with an unnamed syndicate that would lead to an $800,000 (£628,000/€706,000) reduction in gross margin for the financial year ending in May 2019.Webis posted a 23% increase in turnover from $371.9m to $461.2m for the year, leading to a 3% rise in gross profit to $5.5m from $5.3m.However, with operating costs up by 3% to $5.4m due to licensing processes in the US and other markets, Webis generated a marginal net profit of $103,000, having returned to the black with a $5,000 surplus the previous year.The company already holds a multi-jurisdictional pari-mutuel licence for WatchandWager in North Dakota, as well as individual licences in the states of California, Colorado, Kentucky, Maryland, Minnesota, New York and Washington. Negotiations over securing licences in three other unnamed states are ongoing.“The company still occupies a significant first mover advantage in the USA, with our array of USA licences, banking settlement and general business operational skills,” non-executive chairman Denham Eke said.“These, coupled with the operation of Cal Expo racetrack in Sacramento, California are significant assets in what is regarded as the land of opportunity in regulated gambling globally, especially regarding sports betting,” Eke explained. “The company stands very well positioned in particular in California, a gaming market that will dwarf other USA states in size when regulated.” Finance Subscribe to the iGaming newsletter Regions: US California Email Address 30th November 2018 | By contenteditor Topics: Finance Sports betting Horse racing Tags: Race Track and Racinolast_img read more

RI sports betting revenue rockets in September

first_img Rhode Island sports betting revenue almost tripled month-on-month to $2.5m (£1.9m/€2.3m) in September, with an increase in retail betting accompanied by the first contribution from mobile.Total market revenue was up 195.4% from $851,778 in August, breaking the previous monthly record of $2.2m set in June of this year. Players wagered $22.2m, which represents a 120.6% increase on the previous months’ $10.1m.As the market opened in November 2018, year-on-year comparisons are not yet available.Retail remained the most popular form of sports betting during September, with consumers spending $18.9m at the Twin River Casino in Lincoln and Twin River Tiverton site. This was up 177.7% from a total retail spend of $10.6m in August, prior to the launch of mobile sports betting.Read the full story on iGB North America. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address RI sports betting revenue rockets in September Rhode Island sports betting revenue almost tripled month-on-month to $2.5m in September, with an increase in retail betting accompanied by the first contribution from mobile. Subscribe to the iGaming newslettercenter_img Regions: US Rhode Island Topics: Finance Sports betting Finance 29th October 2019 | By contenteditorlast_img read more

GVC chief Alexander slams APPG report as “ridiculous”

first_imgCasino & games GVC chief Alexander slams APPG report as “ridiculous” Email Address Regions: UK & Ireland Subscribe to the iGaming newsletter Topics: Casino & games Legal & compliance People Slots GVC Holdings chief executive Kenny Alexander hit back at the All-Party Parliamentary Group that accused him of “cowardly behaviour” and their recommendation of a £2 stake limit on online casino games, a suggestion he labelled “ridiculous”.He also warned that should its recommendations be adopted, the UK could see an epidemic of problem gambling, with consumers pushed to playing via unscrupulous, offshore operators. On 4 November, the UK’s Gambling Related Harm All-Party Parliamentary Group (GRH APPG) suggested a £2 limit on online slot-machine style games, following a six-month inquiry. The limit woulld be in line with the fixed-odds betting terminal (FOBT) limit that came into effect earlier this year.While the APPG said the disparity between online and retail stakes was indefensible, Alexander said the two types of game were vastly different in terms of player protection.“They said that because it’s £2 in slots, it must be £2 in online casino, but that’s like comparing apples and pears,” Alexander said in his keynote speech at Clear Concise Media’s Reputation Matters event at the Soho Hotel in London on 7 November. “It’s completely and utterly ridiculous.“We did definitely need the stake limit on FOBTs to come down,” he continued. “It didn’t need to go all the way down to £2, but it did and so be it. But to compare FOBTs and online casinos is completely false.”Alexander said that, where it’s difficult to monitor FOBT players, it is much easier to recognise a potential problem gambler online.“We – not just GVC but all licensed operators – have controls, techniques, mechanisms for complete visibility of our players that for FOBTs you could never have,” Alexander said. “You could go and play a FOBT, lose £100, then go down to the shop down the road and play another one and another one. It was very hard to control it, it had to be brought under control and now it has been done.”“Online, though, we have so much more transparency. We can step in, we can monitor players’ behaviour and if it’s becoming problematic then we can step in.”Alexander added that another difference between online gambling and FOBTs was the presence of a black market. The GVC chief executive said he believed a stake limit would only drive gamblers to play at unlicensed websites with no such regulations.“The other difference is that there is no underground black market for FOBTs,” Alexander said. “They don’t exist. But if they put a £2 limit on online casinos, the day after that, virtually the same amount of people who used to stake more than £2 will go to the black market. They’ll play at sites in Costa Rica, they’ll play at sites in curacao, they’ll play at sites that may not be licensed anywhere. These sites will not be paying taxes – and GVC is the 20th-highest taxpayer in the UK – they will have no interest in responsible gaming, no interest in protecting the player.“This epidemic of problem gambling in the UK, I don’t necessarily think there is an epidemic right now, but there will be one if they continue down this route because players will play at offshore, illegal sites. And there’ll be a reduction in taxes and more job losses. This reduced stake is flawed, does nothing to prevent problem gambling and is only going to make it worse.”Alexander also said he was worried about the future precedent that could be set by limiting the stake on online games, with the potential for similar reasoning being used to introduce stake limits on other types of gambling.“And where does it stop?” Alexander asked. “If you’re going to say that you have the £2 limit on FOBTs so now you have to have the limit on online casino, what are we going to do next? Are we going to put a £2 limit on the land-based casinos? Are we going to say you can’t spend more than £2 at the Palm Beach or the Hippodrome? Then what? Do we say you can only have £5 on the football, £3 on the greyhounds?”When it released its report, the APPG said it was “appalled at the cowardly behaviour” of Alexander, who did not appear before MPs or send a GVC representative. However, Alexander said that he wished to take any criticism himself and did not want anybody else at GVC to be criticised on his behalf.“I have many weaknesses, but I can tell you that I am no coward,” Alexander said. “I had a board meeting that had been in my diary for a whole year. It was in the Isle of Man, so I couldn’t go. I can also tell you that not a single listed CEO turned up.”“I also knew that it would be lively, it would be a bear pit, punches would be thrown. And if punches are going to be thrown, then I will take it. I’m the CEO and I will take it on the chin. I’m not sending other people and putting them into that position. If I have to take difficult questions, I will take them. I have written to the chairman of the APPG group and I will happily meet her at any time.”While Alexander was critical of the APPG report, he said he believed the future of the industry still looked positive.“I think sense will prevail,” Alexander said. “I think we’re on the right path. I think the industry has a very, very bright future and we’ll come out on the other end in very decent shape.” GVC Holdings chief executive Kenny Alexander hit back at the All-Party Parliamentary Group that accused him of “cowardly behaviour” and their recommendation of a £2 stake limit on online casino games, a suggestion he labelled “ridiculous”. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling Slot Machines 11th November 2019 | By Daniel O’Boylelast_img read more

DraftKings rolls out mobile casino in New Jersey

first_img Regions: US New Jersey Tags: Mobile Casino & games Subscribe to the iGaming newsletter DraftKings has launched a standalone casino app in New Jersey as it seeks to expand its share of the gambling market in the state. DraftKings has launched a standalone casino application in New Jersey as it seeks to expand its share of the gambling market in the state.DraftKings said the in-house developed product will feature exclusive new titles, games from other providers and classics such as blackjack and roulette.The operator said the new casino product – which comes two years after DraftKings began offering casino through its sportsbook app – has been introduced after extensive research of its broadening customer base. It also said theDraftKings Casino app would be launched in additional states where regulations allow.Read the full story on iGB North America. Topics: Casino & games Tech & innovation AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter DraftKings rolls out mobile casino in New Jersey 24th June 2020 | By contenteditor Email Addresslast_img read more

Czech Republic launches new exclusion register

first_img Regions: Europe Czech Republic Regulation The Czech Republic Ministry of Finance has announced the launch of a new exclusion register that will allow consumers in the country to block themselves from accessing gambling services. The third phase of this process will see the Ministry of Finance work with public administration bodies to develop internal processes to address gambling related issues going forward.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Czech Republic Ministry of Finance has announced the launch of a new exclusion register that will allow consumers in the country to block themselves from accessing gambling services. Licensed operators in the country will also be required to join the programme and begin blocking access to their services when the pilot stage of the project concludes on 20 December. The decree, which was last week also given the green light by lawmakers in the city, will ban mechanical, electromechanical and electronic games, including slot machines and video lottery terminals. Czech Minister of Finance Alena Schillerová, who in November pledged that the register would be up and running by mid-2020, said: “Thanks to this register, it will no longer be possible for money paid out in benefits to end up in gaming machines, as is unfortunately still the case in many incidences. Apart from players who sign up to the scheme voluntarily, individuals can also be added to the register by a third party if they are being treated for problem gambling or are gambling in an unsustainable way; are declared bankrupt; or are receiving welfare payments from the Czech state. “The launch of a system that can exclude vulnerable groups or pathological gamblers from the temptation of hard gambling will help not only them, but also their families and those close to them.” Subscribe to the iGaming newsletter Email Address The register forms the second phase of a three-step process to tackle problem gambling in the Czech Republic. Last June, the country launched its Analytical Module of the Gambling Information System (AISG), which collects gaming and financial data from operators to support regulatory strategy in the market. Czech Republic launches new exclusion register Gambling operators will need to verify whether a person seeking to access their gambling offerings has signed up to the register. Players named on the register will not be able to gamble or set up another user account with any licensed operator. The register will launch as a pilot scheme from today (15 September), with players able to sign up immediately and exclude themselves from land-based and online gambling offerings across the country. Topics: Legal & compliance Regulation The launch of the exclusion register comes after Prague’s City Council ratified a new decree that will prohibit all forms of technical gambling games in the capital city from 2024. 15th September 2020 | By Aaron Noy This includes managing tax on gambling, with the country in January of this year having implemented a new structure whereby taxes are split into three levels, according to how harmful the government perceives the activity to be. Lotteries, live games and bingo operators are now taxed at 30%, up from 23%, while the rate for fixed odds betting increased from 23% to 25%.last_img read more

GAN completes $175.9m Coolbet acquisition

first_img iGaming solutions provider GAN has completed its acquisition of Vincent Group, the parent company of operator Coolbet, for $175.9m (£129.6m/€149.1m) in cash and stock. The deal, GAN said, positioned the business as a full-service B2B solutions provider for real-money gaming in the US, and as a vertically integrated B2C competitor in selected international markets.  “The completion of the Coolbet acquisition brings together two best-in-class offerings in the iGaming space today, and makes a powerful combination by creating a fully-integrated offering, customizable for each client’s needs,” GAN chief executive Dermot Smurfit said.  5th January 2021 | By Robin Harrison AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Sports betting Strategy Online sports betting Product & technology M&A “We have already started to welcome the Coolbet team of over 175 employees and engineering talent to our organization and expect the integration process to be seamless.” Regions: US It was first announced in November 2020, and funded by a $105.3m follow-on public offering, that saw GAN sell 7,174,456 ordinary shares priced at $15.50 apiece. That was completed in December last year. center_img This integration process will see Coolbet’s proprietary sports betting technology incorporated into GAN’s current B2B technology stack, with a view to making it available to US clients by the third quarter of the year.  Subscribe to the iGaming newsletter M&A Tags: GAN Coolbet Coolbet founder Jan Svendsen, meanwhile, will remain in control of the operator’s B2C igaming operations, namely its activity in Northern Europe, Canada and Latin America, as well as advising on trading services to US clients.  GAN completes $175.9m Coolbet acquisition Email Addresslast_img read more

Illinois sports betting revenue dips for the first time in February

first_imgAdjusted gross revenue for the month amounted to $35.4m (£25.8m/€29.8m), down 28.3% from the record $49.4m reported in January, and the first decline since the state’s licensees took their first bets in July 2020. Online wagering accounted for $33.3m of total revenue for the month, some way ahead of land-based sportsbooks on $2.1m. Subscribe to the iGaming newsletter In term of handle, players wagered a total of $509.8m on sport during February, down 12.3% from a record $581.6m in January. Email Address Regions: Illinois AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Par-A-Dice Gaming Corporation, which runs a FanDuel sportsbook, remained the market with $11.7m in revenue, despite posting a $24,123 loss from retail betting. Casino Queen and DraftKings followed close behind in second with $10.9m in revenue, then Churchill Downs’ Midwest Gaming & Entertainment and Rush Street Interactive on $7.5m. 12th April 2021 | By Robert Fletcher Illinois sports betting revenue dips for the first time in February Topics: Finance Sports betting Online sports betting Retail sports betting Illinois’s sports betting market experienced its first month-on-month decline in February, with the state’s Gaming Board reporting a fall in both revenue and handle. Sports betting Read the full story on iGB North America. Operators paid some $5.8m in tax, with the majority of this – $5.3m – based on the state’s base 15% tax rate. The remaining $541,832 was generated via an additional 2% tax on bets placed in Cook County, which includes Chicago. Tags: Revenuelast_img read more

FIFA World Cup 2018: Tata Sky’s free content offer for subscribers

first_imgSports BusinessBrandsFootballFIFALatest Sports NewsNewsSport ISL: Sunil Chhetri extends Bengaluru FC stay until 2023 Bengaluru By Kunal Dhyani – May 22, 2018 Tata Sky will offer the FIFA World Cup 2018 at no extra cost to the new subscribers on the Direct to Home platform. The DTH operator will offer Sony Ten 2 and Sony Ten 3 free to all new acquisitions from 15 May and 15 July.Tata Sky, as part of the acquisition strategy, will provide all the new acquisitions on standard definition (SD) set top boxes (STBs), free Sony Ten 2 and Sony Ten 3 between 12 June and 15 July. Additionally, all new high definition (HD) acquisitions will be eligible to get free Sony Ten 2 HD and Sony Ten 3 HD between 12 June and 15 July. WTC Final Live- Ind vs NZ: Kyle Jamieson bags 5th five-wicket haul in 8th Test, rattles India in WTC final Latest Sports News FIFA World Cup 2018: Tata Sky’s free content offer for subscribers TAGS2018 FIFA World Cup RussiaSony Ten 2Sony Ten 3Tata Sky SHARE Share on Facebook Tweet on Twitter Cricket Previous articleAndy Murray invests in tennis sports-tech startup ‘Deuce’Next articleFormula 1: McLaren gets $277.2 million investment boost Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Euro 2020, North Macedonia vs Netherlands: Top 5 players to watch out for in MKD vs NED Formula 1 Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore Euro 2020, Italy vs Wales LIVE: Gareth Bale and Co face do-or-die clash; Italy eye third consecutive win; Follow Live Updates, Euro 2020, Switzerland vs Turkey LIVE: Switzerland to punish hapless Turkey; Follow Live Updates Football BCCI to form committee to take call on compensating domestic cricketers Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR Cricket Tokyo Olympics: Deepika Kumari to be sole entry to Tokyo Games as Indian women’s recurve team fails to qualify Maternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredUndoBrake For ItThis NASCAR Wife Turns Heads Everywhere She GoesBrake For It|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoBetterBe20 Stunning Female AthletesBetterBe|SponsoredSponsoredUndoNoteableyAirport Security Couldn’t Believe These Jaw-Dropping MomentsNoteabley|SponsoredSponsoredUndo Latest Sports News Football F1 French GP 2021: Max Verstappen pips Lewis Hamilton to win French GP, Perez finishes 3rd Cricket by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGrammarlyImprove Your Grammar With This Helpful Browser ExtensionGrammarlyUndoPhotoStickHow To Back Up All Your Old Photos In SecondsPhotoStickUndo24/7 SportsIt’s Amazing To See How These NBA Stars Have Changed Since College24/7 SportsUndoIn March, Tata Sky had launched a similar offer for the Indian Premier League whereby all new acquisitions were provided Star Sports 1 and Star Sports 1 Hindi channels at no extra cost from 9 March to 27 May.Tata Sky had recently launched a campaign asking cable TV customers in South India to make the switch to the DTH platform to enjoy enhanced TV viewing experience. The campaign targeted at Tamil Nadu, Andhra Pradesh, Telangana, and Karnataka features actor Nayanthara. The Maximum Entertainment Campaign highlights the importance of moving from analogue cable to digitised entertainment, states a report.The DTH platform also launched an ad campaign featuring Amitabh Bachchan to woo customers in Odisha, West Bengal and tier II & III markets of Maharashtra.In the ad campaign ‘#HarSceneKaMazaaLo’, Bachchan adorns the role of a ‘Bengali Critic’ giving his point of view on iconic film dialogues and superstars in a series of 9 ad films.The objective of the ad campaign is to showcase how an individual enjoys the offerings of Tata Sky to the fullest, highlighting the abundance of entertainment across platforms. Tata Sky’s net profit for FY18 had zoomed to ₹408 crore for the fiscal ended March 2018 as against ₹8 crore in the previous fiscal year. PAT margin saw an improvement at 7.1% compared to 0.1% in the corresponding period a year ago.<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span>In FY17, the company’s net profit had tanked 90% to ₹8 crore compared to ₹80 crore in FY16.Tata Sky’s revenue for the fiscal has jumped 8% to ₹5,719 crore from ₹5,302 crore in FY17. The revenue was ₹4,472 crore in FY16.<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span> Football WI vs SA 2nd Test Day 3 Live: Start delayed due to rain, SA lead by 149 runs – Follow Live Updates last_img read more