Perform names Skipper as executive chairman

first_img Tags: Mobile Online Gambling People 9th May 2018 | By contenteditor Subscribe to the iGaming newsletter Perform Group has appointed John Skipper, the former president of US sports broadcaster ESPN, as it new executive chairman Perform Group has appointed John Skipper, the former president of US sports broadcaster ESPN, as it new executive chairman. Based in New York, Skipper will oversee all of Perform’s operations and strategy and report directly to the digital sports content and media company’s board. Skipper spent 20 years with ESPN, working across all areas of the business. Simon Denyer, chief executive of Perform, said that the appointment reflects the company’s strategy for global expansion across all its divisions. “Perform is rapidly expanding its role in sports media with significant investments in the best content and our own platform,” Denyer said. “We are now preparing to push forward with the expansion of DAZN, our live and on-demand streaming service, in more major markets around the world. “John is one of the most significant leaders in the history of our industry, and I am delighted that he has agreed to join me and the team to help take Perform to the next level of our ambitions.” Speaking about his new role, Skipper said: “Simon and his team have built an enormously impressive company, providing an excellent base to establish a global leadership position in the over-the-top sports subscription business, the clear future of sports delivery. “Perform’s platform and expertise, coupled with its success in launching subscription services in Germany, Japan and Canada provides a model we intend to replicate around the world.”Related article: Perform opens new UK headquarters in Leedscenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: People Sports betting Strategy Email Address Perform names Skipper as executive chairmanlast_img read more

Betsson enhances offering with new lottery games

first_img Betsson enhances offering with new lottery games Lotto Warehouse partnership will allow players to win big on Powerball and Mega Millions Topics: Lottery Tech & innovation Subscribe to the iGaming newsletter 20th November 2018 | By contenteditor Betsson will be able to offer its customers the chance to bet on major global lotteries such as the US Powerball and Mega Millions games through a new partnership with Lotto Warehouse.Ahead of its launch in Sweden’s re-regulated market in January, Betsson has added a new lottery vertical alongside its existing betting, casino, poker and bingo tabs.Lotto Warehouse, a subsidiary of Chinese lottery service provider 500.com, is licensed in Malta and the UK and offers operators a catalogue of lottery betting products linked to more than 30 major global lotteries, including EuroJackpot, Euromillions and the biggest US draws.“Betsson are a hugely respected operator and we are pleased they saw the great potential of our offering,” Lotto Warehouse chief executive Thomas Biro commented. “We wanted to revolutionise one of the oldest gaming industries whilst giving players the opportunity to dream big.“Today’s players are discerning ones – they want choice and they want customisation,” he explained. “Lotto Warehouse offers all that and more by breaking down borders and offering the world’s biggest lotteries in one place.”Biro told iGamingBusiness.com that the deal highlights the lottery vertical’s potential and players’ desire to win the largest possible cash prizes.“This is a rapidly growing vertical as more customers are looking for a chance to play for the huge jackpots which may not be available in their country,” he said.The partnership with Betsson follows a number of deals struck throughout 2018, with Bethard, Giant Gaming Group and Kootac among those to have added Lotto Warehouse’s products.Joey Hurtado, head of gaming for Betsson, added: “After a thorough search and review of different lottery providers, we felt that Lotto Warehouse’s great user interface, excellent offering and outstanding business models were the best fit for Betsson Group and our players.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Lottery Email Addresslast_img read more

Worldpay and Paysafe target US with new partnership

first_img Regions: US Subscribe to the iGaming newsletter Sports betting 26th November 2018 | By contenteditor Venture will focus on digital payments in igaming and sports betting Tags: Online Gambling Payments Topics: Sports betting Tech & innovation Worldpay and Paysafe target US with new partnership Email Address Worldpay and Paysafe Group have today (Monday) announced a new strategic partnership with the aim of capitalising on growth within the US iGaming and sports betting markets. The two payment technology providers will work together to develop new solutions for payments acceptance and security across both sectors. Worldpay – acquired by Vantiv earlier this year – will leverage its optimised credit card processing, fast-fund payouts, and various treasury and payment solutions. Paysafe will call upon its range of online gambling digital payment options, such as the NETELLER digital wallet and paysafecard online cash solution. Using these technologies, Worldpay and Paysafe said they will be able to provide seamless connectivity via a single point of integration to a range of payments, including credit card processing, digital wallets and cash payment solutions. Joel Leonoff, president and CEO at Paysafe, said the solution would allow operators in the US to offer customers a “secure, cost-effective and highly configurable payments platform that delivers an unparalleled player experience”. “Our innovative approach means we can support all transactions, no matter how the player wants to pay,” Leonoff explained.Worldpay executive vice president and head of global enterprise ecommerce Shane Happach added: “As a leading payments provider for iGaming companies, state lotteries and land-based casinos, Worldpay is excited about the enhancements this partnership will bring when it comes to maximizing payment acceptance, enabling new digital wallets, as well as minimizing fraud risk and lowering cost.“Our combined strengths and capabilities will simplify payments for gaming operators, while also continuing to show our attentiveness to responsible gaming and our mission to protect the integrity of every transaction.” The move comes at a time of significant growth in the US market, due in part to the Supreme Court’s ruling on PASPA earlier this year, which opened up legal sports betting to all states. New Jersey, Delaware, Pennsylvania, Mississippi, West Virginia and Rhode Island have all moved to legalise sports betting in the wake of the ruling, while sports betting is also available in New Mexico at the Santa Ana Star Casino under tribal laws.Image: GotCredit AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Majority of Lotto24 shareholders accept Zeal offer

first_img Email Address Subscribe to the iGaming newsletter Topics: Finance Lottery Finance More than 91% of Lotto24 shareholders have endorsed a takeover offer by London-listed lottery brokerage Zeal Network within the regular acceptance period, it was revealed today (April 15). 15th April 2019 | By contenteditorcenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Majority of Lotto24 shareholders accept Zeal offer Regions: Europe Central and Eastern Europe Germany More than 91% of Lotto24 shareholders have endorsed a takeover offer by London-listed lottery brokerage Zeal Network within the regular acceptance period, it was revealed today (April 15).Following the conclusion of the initial deadline on April 10, remaining shareholders have now been given an additional two-week acceptance period, which will run until April 29. An all-share offer of one Zeal share for 1.604 Lotto24 shares is on the table.Plans for the acquisition, which are set to see Zeal retake control of the subsidiary that was spun off in 2012, were first announced in November 2018. Shareholders of Zeal voted in favour of necessary preconditions for the transaction in January before the offer was published at the end of the month.In February, the Lower Saxony Ministry of the Interior in Germany granted Lotto24 a supplement to its existing brokerage permit, allowing for lottery tickets to be brokered via the Tipp24.de and Tipp24.com domains.However, the acquisition has been criticised by Zeal shareholder Lottoland, which has claimed that the deal will only benefit a small number of shareholders, cannibalising value for most investors. The lottery betting initially attempted to have the pivotal Extraordinary General Meeting in January delayed, which would have forced Zeal to withdraw its offer, then lodged a €76m bid for Zeal’s Tipp24 business.This offer was rejected by Zeal, which said the bid significantly undervalued its German business, and would strip the business of its most valuable asset.Zeal reiterated today that believes that the combined entity will offer “increased efficiencies between both companies” and “significant cost synergies at Zeal due to the change of its core business model”.Zeal chief executive Helmut Becker (pictured) said: “We are pleased that the vast majority of Lotto24 shareholders has accepted our offer and bought into our strategic vision.“By reuniting with Lotto24 and transforming our core German business to digital lottery brokerage, we are creating a strong platform for Zeal’s sustainable and accelerated growth.“Zeal and Lotto24 have already made strong progress on preparing the integration and are ready to execute on the plan.”last_img read more

NJ sports betting revenue recovers in July

first_img15th August 2019 | By contenteditor NJ sports betting revenue recovers in July Email Address Topics: Casino & games Finance Sports betting Horse racing New Jersey’s regulated sports betting market has seen revenue leap to $17.9m in July, complementing slower growth from the state’s land-based and online casino verticals.Following June’s decline, market revenue rebounded in July, rising 84.3% month-over-month. The total represented a significant improvement on the prior year’s $3.8m, when just five operators had gone live. Total handle amounted to $251.4m, of which $213.0m was generated online, compared to $38.3m wagered through the state’s land-based sportsbooks.Of the eleven operators now active in the market, Meadowlands Racetrack, with Flutter Entertainment’s FanDuel operating under its licence, has established itself far ahead of the competition, with revenue of $9.1m.This saw it pull ahead of Resorts Digital and its partner DraftKings, previously its closest competitor, which generated revenue of $3.7m in July. Monmouth Park, allied with William Hill, followed in third with $2.0m. The Borgata, which opened a new $12m sportsbook during the month, saw revenue grow strongly, rising from $64,249 in June to $859,478.Read the full story on iGB North America. New Jersey’s regulated sports betting market has seen revenue leap to $17.9m in July, complementing slower growth from the state’s land-based and online casino verticals. Tags: Mobile Online Gambling Race Track and Racino AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Subscribe to the iGaming newsletter Regions: US New Jerseylast_img read more

Better Collective sees revenue and profit grow in H1

first_img Subscribe to the iGaming newsletter Affiliate marketing group Better Collective has reported a year-on-year increase in revenue and net profit for the first half of 2020, despite the business being negatively impact by the novel coronavirus (Covid-19) pandemic in the latter part of the period. Revenue for the six months to 30 June amounted to €36.2m (£32.6m/$42.7m), up 17.7% from €30.7m in the corresponding period last year. Revenue share agreements accounted for 67% of Better Collective’s revenue in the first half, with 16% coming from cost per acquisition (CPA) deals, 6% from subscription sales and the remaining 11% from other sources. The group noted that the increase in total revenue came despite an 18% year-on-year decline in new depositing customers (NDCs) to more than 186,000, which it said was primarily due to Covid-19 and its impact on the sporting calendar. According to Better Collective, the cancellation and postponements of major sports events as a result of the pandemic led to approximately 90,000 fewer NDCs during H1 2020, compared to pre-Covid-19 estimates. Following the outbreak of Covid-19 and related shutdown of sports activities in March 2020, Better Collective implemented a cost savings programme to counteract the impact in revenue. This included making certain roles redundant, temporary salary reductions and its founders and board of directors not taking a salary. However, as this program did not come into effect until midway through the reporting period, total costs excluding special items and amortisation for the six-month period increased 21.9% to €21.2m. Personnel costs were up by 30.3% to €11.7m, with the average number of staff rising from 291 to 411, while direct cost relating to revenue – including cost of pay-per-click, hosting fees of websites, content generation – also climbed 19.9% to €4.6m. Depreciation costs jumped 133.2% year-on-year to €786,000, but other external expenses were slightly down from €4.3m to €4.2m. In terms of amortisation, spend here was up 28.0% year-on-year to €3.2m, while special items – including income from the sale of the pocket ves.com website – led to an additional €208,000 in income. Earnings before interest, tax, deprecation and amortisation (EBITDA) were up by 15.3% to €15.1m, while Better Collective posted an €11.9m operating profit for H1, up 12.3% from €10.6m last year. The group also reported an additional €1.3m in financial income, but this was offset by €2.1m in financial expenses. Profit before tax reached €11.2m, up 14.3% on €9.8m last year, and after paying €2.6m in tax, this left Better Collective with a net profit of €8.6m for the period, an increase of 16.2% on the previous year. Reflecting on H1, Better Collective’s chief executive Jesper Søgaard was upbeat about the results, but warned that the Covid-19 pandemic will continue to impact its operations for some time to come. “Various measures have been implemented at our offices in alignment with local guidelines to keep employees safe,” he said. We have seamlessly transitioned to remote work to the necessary extent and experience no loss of efficiency. “Resources have been redistributed internally to focus on the business areas that have remained active throughout and to prepare for sports returning to the arenas. “The cost reduction program implemented for Q2 has proven effective, resulting in a cost reduction of around €3m for Q2 2020 compared to Q1 2020. The cost base will expectedly increase from 1 July, with the lapse of intermediate measures and with the return to a more normal level of activity.” Focusing on the second quarter, and as the impact of the sporting disruption was felt, this saw revenue fall 3.2% to €15.3m. However, the group said some betting activity was channelled to other sports that went ahead, while casino games saw a momentary increase in Q2 and esports grew significantly. Revenue share accounted for 66% of overall revenue in the three months to 30 June, with 16% coming from CPA, 5% subscription sales, and 13% from other income. NDCs declined 36% year-on-year to 36,000 for the period. The cost savings program led to savings and expenses flattening in some areas, with direct costs related to revenue down 5.0% to €1.9m and staffing spend only slightly higher at €4.9m. Depreciation costs jumped 114.0% to €368,000, but other external expenses were cut by 14.3% to €1.8m. Amortisation spend was 33.3% higher at €1.6, but this was offset by an increase in income from special items, which amounted to €608,000 for the quarter. Better Collective also noted that EBITDA including special items was up 3.0% year-on-year to €6.9m. Operating profit stood at €5.3m, only slightly down from €5.4m in Q2 last year, and after accounting for €645,000 in financial income and €1.9m in financial expenses, this left Better Collective with €4.8m in profit before tax. The group paid €873,000 in tax during Q2, which corresponded to a net profit of €3.9m, up 5.4% from €3.7m last year. “In general, the market development has so far been in line with the assumptions we made mid-March, when we decided to provide an extraordinary business update based on this unprecedented situation,” Søgaard said. “I am very proud that we could maintain our financial earning target both for Q2 isolated and for the first half of this year.”He said the European business had returned to Q1 average trading levels in June, meaning the business was cautiously optimistic about the second half of the year. However, Søgaard added, there remained uncertainty around US sports, and NDC growth, after losing momentum in H1.  “We expect the remainder of 2020 to be somewhat affected by the lost momentum. Therefore, we see greater uncertainty than usual regarding our revenue growth targets.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Tags: Online Gambling Topics: Finance Marketing & affiliatescenter_img Better Collective sees revenue and profit grow in H1 Affiliate marketing group Better Collective has reported a year-on-year increase in revenue and net profit for the first half of 2020, despite its business being negatively impact by the novel coronavirus (Covid-19) pandemic in the latter part of the period. Finance 25th August 2020 | By contenteditorlast_img read more

Cost cutting helps IGT limit Q3 losses

first_imgQ3 results 2020 Subscribe to the iGaming newsletter As such revenue was down 31.4% compared to Q3 2019, at $412m. This comprised $331m in service revenue, with a further $81m coming from product sales.  Cost cutting helps IGT limit Q3 losses Read the full story on iGB North America. Regions: US Southern Europe Italy International Game Technology (IGT) said efforts to reduce costs in the third quarter helped limit the business’s net loss, while a strong performance from its lottery division helped revenue improve from its novel coronavirus (Covid-19)-hit second quarter. Looking at the new divisions’ performance, IGT’s global lottery unit enjoyed a relatively strong quarter, with revenue up 3.3% to $570m. The supplier said this was driven by double-digit growth in North America same-store sales, helping to offset a decline in product sales to $20m.  Italy remained the business’s second largest market, however, with North America remaining the leader despite revenue falling 17.7% to $443m. Revenue from the rest of the world, meanwhile, was down 42.3% at $123m.  Topics: Casino & games Finance Lottery Sports betting Land-based casino Online casino Product & technology Q3 results 2020 Online lottery Retail lottery Product & technology Sportsbook Email Address The consolidated revenue figure included a $104m contribution from digital betting and gaming revenue, up 40.5%. Looking at revenue by geography across both divisions, IGT’s Italian operations was the only jurisdiction to report year-on-year growth, with its contribution rising 3.5% to $416m.  The supplier’s revenue for the three months to 30 September, reported as two core lottery and gaming divisions for the first time, fell 14.9% year-on-year to $981.5m (£743.8m/€832.8m).  “We continue to monitor the evolution and impact of the pandemic around the world. With a simplified organization firmly in place, we are creating a leaner, stronger IGT.” Global gaming, on the other hand, saw performance weighed down by continued Covid-19 restrictions and venue closures in Q3, despite recovering significantly from a second quarter that covered the first peak of the pandemic. “Strong player demand and a host of compelling new games, systems, and digital solutions led to a sharp, sequential improvement in our most important markets,” IGT chief executive Marco Sala said.  Tags: International Game Technology AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter This comprised $880.1m in services revenue, down 4.5%, followed by a sharper drop in product sales, which fell 56.2% to $101.3m. 12th November 2020 | By Robin Harrisonlast_img read more

WatchandWager receives West Virginia ADW licence

first_img Subscribe to the iGaming newsletter Licensing West Virginia is the home of the Charlestown Races, Mountaineer Racetrack for Thoroughbreds, the Tri-State Mardi Gras and Wheeling Island greyhound tracks. 25th May 2021 | By Marese O’Hagan Webis Holdings’ advanced deposit wagering (ADW) subsidiary WatchandWager has received approval for a one-year ADW licence from the West Virginia Racing Commission. Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US West Virginia Topics: Legal & compliance Sports betting Licensing Horse racing WatchandWager receives West Virginia ADW licence Read the full story on iGB North America. Tags: Webis Holdings WatchandWager Webis The ADW licence will allow WatchandWager to accept pari-mutuel wagers in West Virginia, and will be renewable on an annual basis.last_img read more

Gunning for IPL glory: News makers in run up to auction

first_img Cricket By Kunal Dhyani – January 15, 2018 Gunning for IPL glory: News makers in run up to auction Cricket RELATED ARTICLESMORE FROM AUTHOR F1 French GP 2021 Live: Max Verstappen to take pole position, Lewis Hamilton second Facebook Twitter Football Cricket Share on Facebook Tweet on Twitter Cricket In pure hiring terms, for the Indian Premier League auction, there are 1,122 applicants for up to 175 vacancies. As the eight IPL franchisees bid to acquire players for the IPL 2018 on January 27-28, for players it is time to hit headlines in a bid to persuade the franchisees. The ones who make bigger headlines over the next 10 days, stand a better a chance to land bigger deals.Two youngsters, Afghanistan spinner Rashid Khan and Delhi wicketkeeper-batsman Rishabh Pant made the news from right in the middle, England captain Joe Root and India’s left-arm bowler Yuzvendra Chahal have hogged limelight away from the ground. WTC Final Day 2 Stumps: Brilliant Virat Kohli & Ajinkya Rahane saves the day for India as bad light stops play 33 overs early Chahal’s RCB teammate Tabraiz Shamsi instantly commented on his video: “Oh my gosh! Is this @yuzi_chahal23 or @chrisgayle333??,” Shamsi commented on Chahal’s video.Chahal promptly responded “I lift heavier than @chrisgayle333. This is my warm-up set @shamsi90.” Gayle was not too late to join the conversation in his own style. “Wtf. Kill me,” Gayle’s comment read.Chahal will now be up for grabs from a base price of ₹2 crore. The RCB will no doubt be gunning for one of their precious assets by exercising the Right to Match option. Previous articleBeckham unveils his grooming brand HOUSE 99Next articleDsport bags Indian broadcast rights for Bellator MMA Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. ICC WTC Final, Ind vs NZ Day 3: Can India survive the Kyle Jamieson storm in Southampton? WI vs SA 2nd Test Day 2 Stumps: West Indies bowled out for 149 runs in 1st innings, SA lead by 149 runs center_img TAGSIndian Premier LeagueIPLIPL auctionJoe RootRashid KhanRishabh PantYUZVENDRA CHAHAL SHARE Formula 1 ENG W vs IND W Test: Sneh Rana, Shafali Verma shine as one-off Test ends in draw Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country Virat Kohli completes 10 years in Test Cricket: 10 things you should know about India skipper- check out YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndo CricketIndian premier leagueLatest Sports NewsSports BusinessNewsSportSportstars Cricket PSL 2021 ISL beat MUL: Mohd Wasim Jr, Shadab Khan shine as Islamabad United defeats Multan Sultans by 4 wickets ICC WTC Final: 10 years of Virat Kohli’s Test career, 10 best moments of India’s greatest Test skipper by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeSuresh Raina issues statement after arrest, says the incident in Mumbai was ‘unintentional’UndoIPL 2020 : Srikanth and fans slams MS Dhoni, says ‘wasted 15 Cr on Jadhav & Chawla’UndoShahid Afridi’s daughter Aqsa to marry Pakistan quick Shaheen AfridiUndoRashid Khan: Australian Big Bash League has become the best marketing property for Afghanistan leg-spinner Rashid Khan’s IPL goals. Rashid has conceded less than six runs per over in taking 11 wickets from six BBL outings. The 19-year-old Afghan talent has emerged the highest paid IPL player from an ICC Associate Member nation when Sunrisers Hyderabad had acquired him for an approximate six lakh rupee deal. The team has missed to opportunity to hold on to their precious catch. His heroics Down Under with every passing game will be adding a premium to his IPL price tag. The Hyderabad franchisee will though have the privilege to get Rashid by exercising Right to Match option. However, given his present form and potential, the franchisee might not find it easy to win that “match”. He is in the top players bracket with a ₹2 crore base price.Rishabh Pant: The Delhi wicketkeeper and Ranji Trophy team captain will not have to undergo the hammer at the IPL player auction later this month. The 20-year-old has already fitted into Delhi Daredevil’s scheme of things in spite of his dismal form with the bat in Delhi’s run-up to the Ranji final. The hard-hitting is in limelight with a national record, second only to the giant Chris Gayle, to justify the faith franchisee has posed in him. Pant in the T20 Syed Mushtaq Ali game against Himachal Pradesh struck a century off just 32 deliveries – in world cricket second only to Gayle’s 30-ball 100 in the IPL. He has stayed with Delhi in a ₹8 crore deal.Joe Root: The England captain’s maiden nod for joining the player acquisition auction process was the headline of the IPL player registration. At home coach Trevor Bayliss has kept Root in news by saying that the England national team captain should not play the IPL and take time off to recuperate from a grueling Ashes series Down Under. The veteran warmed up with 110-ball, 91 in the ODI series opener as he led England to their first win on current Australia on tour.Yuzvendra Chahal: The second highest wicket-taker with 21 scalps during the 2016 IPL season, Chahal this year has not retained by RCB. He, however, is in the city of his franchisee for whom he has played 13 matches last season. The leg-spinner has played 56 IPL matches to take 70 wickets. Currently training in Bengaluru for the limited overs series in South Africa, starting from February 1, Chahal made headlines with a sequence of banter on his Instagram. Cricket WTC final LIVE broadcast: ICC’s mega broadcast plan, India vs New Zealand live streaming starts today in 195 countries Cricket Cricket last_img read more

IPL 2020 : Troubles start for IPL 2020. Fans, politicians questions…

first_img Cricket TAGSBCCIBoycott IPL TrendsIndian Premier LeagueIPL 2020IPL 2020 – VIVOIPL 2020 ScheduleVivo IPL SHARE By Kunal Dhyani – August 3, 2020 #BoycottIPL : Omar Abdullah questions VIVO’s presence in IPL 2020National Conference (NC) leader Omar Abdullah on Sunday pointed out that while people were boycotting Chinese goods in the wake of incursions in Ladakh by the neighbouring country, the IPL cricket tournament has been allowed to retain all its sponsors, including those from the neighbouring country.“Chinese cellphone makers will continue as title sponsors of the IPL while people are told to boycott Chinese products. It’s no wonder China is thumbing it’s nose at us when we are so confused about how to handle Chinese money/investment/sponsorship/advertising,” he wrote on Twitter.The former Jammu and Kashmir chief minister was reacting to the news about the Indian Premier League (IPL) Governing Council’s decision to retain all its sponsors, including Chinese mobile company VIVO, in the event to be held in the United Arab Emirates (UAE) from September 19 to November 10.“BCCI/IPL governing council has decided to retain all sponsors including the big Chinese ones. I feel bad for those idiots who threw their Chinese made TVs off their balconies only to see this happen,” Mr Abdullah wrote on the microblogging website.In another tweet, he said “we always suspected that we really can’t manage” without the sponsorship and advertising of Chinese companies.“The sheer suddenness of the move, the unexpected nature of the move, the unpredictability of the move. They don’t know what hit them. Now the Chinese will know………. what we always suspected that we really can’t manage without their sponsorship & advertising,” the NC leader said, while referring to the remarks of a news anchor of a private television channel.  As expected, the Indian Premier League’s (IPL) Governing Council on Sunday decided to retain all its sponsors, including Chinese mobile company VIVO. But this has left fans extremely miffed and questions are being raised on the BCCI. #BoycottIPL is currently trending on social media and politicians are questioning presence of VIVO as IPL 2020’s title sponsor. IPL 2020 : Troubles start for IPL 2020. Fans, politicians questions VIVO’s presence in IPLChinese sponsorship became a bone of contention after the clashes between the Indian and Chinese troops in eastern Ladakh in June. The BCCI had promised to review the deals in the aftermath of the violent showdown. There was nationwide call to boycott China in the wake of the deadly clash in the Galwan valley.But the BCCI has decided to retain the Chinese sponsorship. VIVO will continue to be the title sponsors of the cash-rich league. In December last year, Vivo retained the title sponsorship of the IPL after submitting a bid of Rs 2,199 crore over the next five years. Vivo had won the rights for IPL title sponsorship for the first time in 2016. Share on Facebook Tweet on Twitter Cricket Previous articleWWE Raw Apollo Crews vs MVP for United States Championship this weekNext articleBCCI SOP: 60-plus Arun Lal can’t coach Bengal, Baroda may miss Whatmore Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. CricketIndian premier leagueIndian premier league 2020Latest Sports NewsSport Facebook Twitter PSL 2021 Eliminator 1 PES vs KAR LIVE: best way to watch Peshawar Zalmi vs Karachi Kings Live Streaming in your country, India, Follow Live update YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinition|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoFreight & Shipping Quotes | Search AdsResearch & Compare Freight & Shipping QuotesEnjoy Affordable Freight & Shipping Services With These Service ProvidersFreight & Shipping Quotes | Search Ads|SponsoredSponsoredUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndo Cricket WI vs SA 2nd Test Day 3 Live: Roach removes Markram in the first over; SA 5/1 (2 ov) – Follow Live Updates Cricket Euro 2020, Switzerland vs Turkey LIVE: Shaqiri doubles Switzerland’s lead after Seferovic opener at HT; Follow Live Updates ENG-W vs IND-W: Sneh Rana reveals England sledged a lot but we did not pay attention Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore Cricket WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video Cricket WTC Final Day 3 LIVE Score: Devon Conway smashes fifty; R Ashwin gets Latham- NZ 99/1 (43.5 ovs)- Follow Live Updates IPL 2020 : Troubles start for IPL 2020. Fans, politicians questions VIVO’s presence in IPL Cricket Football Cricket PSL 2021 Playoffs LIVE – How to watch Pakistan Super League Playoffs Live Streaming on your Mobile, Laptop RELATED ARTICLESMORE FROM AUTHOR PSL 2021 Qualifier 1 ISL vs MUL LIVE: best way to watch Islamabad United vs Multan Sultans Live Streaming in your country, India, Follow… BCCI Apex Council Meet: BCCI to bid for 3 major global events in next tournament cycle starting from 2024; Check Latest Sports News by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeAssociated PressHawaii’s Kilauea has pushed lava up through fissures, destroying homes and forcing evacuations.Associated PressUndoIPL 2020: Bad news for Sunrisers Hyderabad’s Jonny BairstowUndoIPL 2020 : Srikanth and fans slams MS Dhoni, says ‘wasted 15 Cr on Jadhav & Chawla’Undo“All I can say is that all our sponsors are with us. Hopefully you can read between the lines,” an IPL GC member was quoted as saying by PTI.Also Read: IPL 2020 : Check out 10 Big Decisions by IPL 2020 Governing Council on…IPL 2020 : Fans extremely miffed with the decision, #BoycottIPL TrendsAs soon as the IPL GC announced the decision of retaining the sponsors, a huge number of fans took to Twitter to slam the board for the same. #BoycottIPL started trending as the users urged others to boycott the tournament for the Chinese connection. #BoycottIPLIPL FANS : pic.twitter.com/su9J04oEOY— Preeti (@KabirBitch) August 2, 2020last_img read more