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Sports

PFL Enters Into Broadcasting Partnership with Eurosport India

One of the world’s fastest-growing leagues, the PFL (Professional Fighters League), yesterday announced a partnership with Eurosport India for international distribution. This is the first time that the MMA will get televised on this platform.

Partnership Between PFL and Eurosport India

This partnership aims to support plans of global expansion that PFL has and also focuses on growing this sport in the country. It is worth mentioning here that PFL is the first company that presents MMA in the championship, playoffs, and regular season formats.

A Multi-year Agreement

This will be a multi-year agreement where Eurosport India will be broadcasting live PFL championship, playoffs, and regular-season events. The broadcasts will also include classic fights available in PFL’s vault so that fans can relive the journey of different PFL stars throughout the championships.

Also, the broadcasts will include original programs developed by PFL Studios, which is PFL’s global media division.

Peter Murray, CEO of PFL, said that India offers excellent growth opportunities for MMA and PFL. Peter added that they are actively examining talent present in the region so that they can join the roster of PFL and start competing for a lucrative prize.

He also mentioned that this partnership would work as a catalyst and extend these sports reach well beyond the 450 million fans that MMA has in the world.

Vijay Rajput, Senior VP, South Asia, said that they consider this to be a historic partnership. He added that they support PFL’s commitment to grow this sport in the country. This partnership will make it possible for fans to access PFL’s content and event as well as allow local talent to compete with world players.

PFL’s Global Expansion

This partnership is part of PFL’s plans for global expansion and follows the first OTT platform launch by PFL. This OTT platform is a broadcasting partnership between PFL and Telesport Russia. Other global expansion measures include deals with AB InBev, GEICO, and Acronis.

Categories
Casino

Rivers Casino And Resort Postpones its Reopening

New York-based Rivers Casino & Resort will have to wait beyond September 9, 2020, to resume operations. According to Rivers’ General Manager Justin Moore, the casino is still working with state regulators on some aspects of the casino reopening guidelines, which is causing the delay.

All state-approved casinos except Rivers are set to reopen on September 9 following an order issued by Governor Andrew Cuomo on September 3. In his announcement, Cuomo gave many relaxations to casinos, such as operating at 25% occupancy. He also instructed casinos to have specific health safety protocols in place to prevent coronavirus spread, such as installing enhanced air filtration systems.

Rivers is taking all the steps required to provide its guests with a safe gaming environment. Moore adds that the health safety of casino occupants is their utmost priority, and they are prepared to comply with state guidance in this regard. He assures that the casino would adhere to Cuomo’s instructions of social distancing, mandatory face mask-wearing, and no eating or drinking on the gaming floor.

This is the first time since March 2020 that New York casinos will be open to the public. With their reopening, casinos are hoping to make profits again. Moore says that Rivers would announce its reopening date soon after getting approval from the state for activities like table games and sports betting. He clarifies that if the state does not allow table games, then Rivers will not reopen.

Categories
Casino

Encouraging Results for SkyCity’s Online Casino in First Year of Operation

SkyCity Entertainment Group, a New Zealand-based casino operator, has shown remarkable results in its first year of operations. The whole planet witnessed a complete lockdown for a major part of this year because of the pandemic. The country closed its borders in March, and the gambling establishments had to do without their regular tourist clientele.

The annual financial report released on Thursday showed very encouraging results. For the 12-months ending June 30, revenues shot up by 36.8% year-on-year to reach NZ$1.125b (US$761m). Earnings and net profit after tax were equally positive, showing NZ$348.3m (a rise of 17%) and NZ$235.4m (rise of a staggering 62.8%), respectively.  

What makes these figures particularly laudable, are the adverse conditions that the SkyCity Entertainment Group went through last year.  Its under-construction New Zealand International Conventional Center (NZICC) at Auckland was almost razed to the ground in a major fire. Further, its three casinos in New Zealand and the one at Adelaide, Australia were closed since March because of Covid-19.

An analysis of the figures shows that business was booming at the casinos; however, this is entirely not true. It shows a different picture if the normalized stats discounts are excluded from the calculations. Certain variables that lie outside the purview of operational revenue and profits are included in the balance sheet. Firstly, the SkyCity’s long-period concession car park sale, followed by the non-cash compensation of 150m AUD for the under-renovation Adelaide casino license and a revised time limit to achieve durable potential earnings post-expansion.

When the concession-type “normalized” level is taken into account, the picture changes radically – revenue down by a quarter to NZ$779.5m, earnings drop by 37.7% to NZ$200.7m, and profit after tax crash by nearly 60% to NZ$66.3m.