Metric Gaming boosts US product capacity with Sports IQ odds

first_img tweet Metric Gaming launches InAndOutBet sportsbook January 20, 2020 Related Articles Submit StumbleUpon Bet.Works agrees new partnership with Sports IQ August 5, 2020 SvenPlay confirms Metric Gaming sportsbook extension February 20, 2020 Share Martin de Knijff – Metric GamingMetric Gaming has entered a strategic partnership with US sports odds compiler Sports IQ to build and launch a full suite of next generation US sports betting products.Updating stakeholders, Metric Gaming and Sports IQ will team-up to develop a one-stop solution for the major US pro-leagues (NFL, NBA, MLB and NHL), delivering an optimal ‘simple price feed’ for US wagering incumbents.Partnership frameworks will see Metric combine its sportsbook development capacity with Sports IQ’s deep data proprietary modelling technology providing robust pricing and superior product features tailored for US sports audiences.Collaborating with Sports IQ, Metric Gaming management will seek to display new wagering provisions in Q1 of next year.Martin de Knijff, CEO at Metric Gaming, said: “We are delighted to partner with a company of Sports IQ’s calibre. The two businesses have similar DNA; we’re both committed to working at the sharpest end of the industry, competing on quality and winning in the right way. These products will represent a sharp improvement on the current quality benchmark of US Sports products available, particularly for the nascent US market.”Omer Dor, Co-Founder at Sports IQ, added: “We believe there is a new standard of expectation from suppliers to deliver innovative, reliable and best-in-class products. We are delighted to be working with an exciting company like Metric Gaming as they match our aspirations, and we recognize their huge potential to further disrupt the B2B sport betting market in Europe, the US, and beyond. We look forward to their new and existing clients benefiting from the Sports IQ suite of products.”last_img read more

Regional banks among targets for $30B GuySuCo financing

first_img…as negotiations continue to secure fundingThe $30 billion financing which the National Industrial and Commercial Investments Limited (NICIL) is seeking to continue operations at the Guyana Sugar Corporation (GuySuCo) is expected to come from sources that include regional banks.This is according to sources close to NICIL. However, when contacted, NICIL’s Public Relations Consultant, Alex Graham, noted that it was still too early to say exactly from where the funds would be garnered. He noted that negotiations are ongoing in this regard.OLYMPUS DIGITAL CAMERA“Some might be loans, some might be investments… The negotiations and discussions (are) now being conducted with a variety of banks and financial institutions. More than likely it won’t come from one (source),” he disclosed.It has recently emerged that NICIL’s Special Purpose Unit (SPU) was seeking some $30 billion in loans and investments to support its new ward — GuySuCo. It has also been related that this funding would cover a four-year period, and will provide capital and support infrastructure maintenance and upgrades at Albion, Blairmont and Uitvlugt. The funds are also expected to go towards developing new co-generation capacity for the estates’ operations and the national electricity grid.GuySuCo has a history of debt; at the end of 2015, the corporation owed $78.6 billion. As at January last year, that debt showed a marginal decrease to $77 billion. GuySuCo owes money to the National Insurance Scheme (NIS), the Guyana Revenue Authority, the Caribbean Development Bank (CDB) and other entities.One of NICIL’s first acts since assuming responsibility for GuySuCo has also been to abruptly end the life of the old Board of Directors. Coming out of a special board meeting, a decision was taken to have a new board installed as of February 14.The NICIL Board has also handed down instructions to GuySuCo to freeze all hiring. According to NICIL’s Public Relations Consultant Alex Graham, instructions have also been handed down to not renew any employee contract that is in the process of expiring.DDLThe Demerara Distillers Limited (DDL) had, in January, submitted an Expression of Interest (EoI) for the purchase of one of the estates. This was even as the SPU was seeking interested buyers for the Skeldon and Enmore estates.DDL, which produces the international award-winning El Dorado Rum, has raised concerns over Government’s plans to downsize the sugar sector. The company heavily depends on molasses for its production.It is understood that both the unit and DDL have been exploring the possibility of the company investing in the current crop at Enmore through advance payments on the molasses. Talks are also ongoing for DDL to participate in the management of the estate.The unit had expressed in a press release that PricewaterhouseCoopers (PwC), which has been blacklisted in India, has been evaluating GuySuCo’s assets and had raised concerns about the need to have the estates seen as “fully functioning operations and facilities”.This, it is understood, is because the company felt that closed estates would not attract the best of investors and prices. According to the unit, if approved by the NICIL Board, the DDL deal would allow the SPU to meet PwC’s recommendations.Government had moved to close the Enmore and Rose Hall sugar estates, as well as sell the Skeldon Sugar Factory. Government’s explanation for downsizing the industry has always been a need to cut costs.last_img read more