Trade liberalization has boosted Latin American and Caribbean Economies

first_imgMIAMI, Florida – Latin America and the Caribbean region saw faster economic and wage growth thanks to a lowering of trade barriers, a new report by the Inter-American Development Bank (IDB) shows.The study also provides policy recommendations to ensure the region is better positioned to take advantage of trade liberalization and make its benefits more tangible to citizens.The average tariff cut of 56 percent that took place in the region between 1990 and 2010 accelerated the region’s average annual per capita GDP growth by 0.6 percent. While the results are positive, the region harbors skepticism on the benefits of more openness, in part because initial expectations were so high, according to Trading Promises for Results: What Global Integration Can do for Latin America and the Caribbean.“Trade liberalization did not turn out to be the silver bullet that put us in the same growth leagues as some top-performing Asian economies,” said IDB Chief Economist Eric Parrado. “However, trade has clearly been a positive contribution for the region’s wellbeing and development, and we should resist temptations to return to our closed economic policies of decades past.”The book was edited by IDB researchers Ernesto Stein and Mauricio Moreira. Trading Promises for Results is part of the annual Development in the Americas (DIA) flagship research publications series that provides analysis and advice to policymakers on key development topics.The report also looked at the level of support for free trade. Latin Americans back more trade by big margins though support drops sharply when presented with information emphasizing negative consequences such as job losses in vulnerable sectors. The IDB commissioned Latinobarometro to undertake a survey and carry out an experiment to better understand how framing affects perceptions about trade.Almost three out of every four of those surveyed said they favored increasing trade with other countries, with support running highest in Venezuela, Honduras and Uruguay. Almost six out of every ten Latin Americans equate trade with more jobs. However, providing information about potential job losses in vulnerable sectors reduced support for trade to 46 percent, from 73 percent.Making trade work betterWhile liberalization is positive for the economy, it does have winners and losers, with special interest groups linked to import-competing sectors often blocking trade reforms. The report provides an in-depth look at trade policymaking processes in the region, and the type of institutional architecture that is more likely to lead to good policy outcomes.To make the most of the opportunities afforded by globalization while mitigating risks, governments need to look beyond the traditional agenda of trade agreements, trade facilitation and foreign investment attraction. Policymakers should work on ensuring labor markets are not only more flexible but also provide help for those who lose out to trade to transition to competitive firms and sectors. Policies should be consistent with global integration rather than bolster uncompetitive sectors and firms, and governments should seek successful strategies in sectors such as modern agriculture and services-two sectors with considerable technological progress in which the region has comparative advantages – and not just in manufacturing.“We are moving into a world where competitiveness is determined not just by tariffs but by overcoming regulatory, logistics and information costs, as well as by incorporating new technologies,” said Fabrizio Opertti, manager of the Trade and Integration Sector in the IDB. “We are confident that governments can move into these new frontiers in order to facilitate access to more affordable goods and services, as well as to create new economic opportunities and wellbeing for more citizens.”last_img read more

2017 FIFA U-17 World Cup: England And Spain To Contest Final

first_imgFinal:England vs. Spain3rd/4th place:Brazil vs. MaliRelated England and Spain will contest the final of the ongoing FIFA U-17 World Cup in India on Saturday in what is an all European final after both countries won their respective last four games.Liverpool youngster Rhian Brewster netted a hattrick as he helped The junior Three Lions of England record an impressive 3-1 win over favourites Brazil. Wesley cancelled out Brewster’s match opener before the Reds striker added two goals to take his tournament tally to 7 goals while taking his team to the final.England will meet Spain in the final after the Spanish side saw off Mali in a 3-1 victory. Barcelona B striker Abel Ruiz netted a brace in addition to a Ferran Torres strike before Lassana Ndiaye scored what turned out to be mere consolation for the West African side.last_img read more

Huge Call! Referees Can Stop World Cup Matches For Discriminatory Incidents, FIFA President Infantino…

first_imgFIFA President Gianni Infantino has disclosed that centre referees will be given the power to abandon or stop World Cup matches in Russia next year as a result of discriminatory incidents.This is in line with a “three-step procedure” that provides officials with the power to stop, suspend and call off fixtures over fan behaviour and was trialled earlier this year at the FIFA Confederations Cup in the summer.According to Infantino, the fight against discrimination remains a “high priority” for the football body.Speaking on the matter, Infantino said: “We will be very, very firm.”“We can expect fair play in Russia. We’ll make sure that no incidents will happen.” he added.The aforementioned trial at the Confederations Cup earlier this summer included deploying anti-discrimination observers, a continuation of the monitoring procedure put in place for 2018 World Cup qualifiers and selected friendlies.RelatedInfantino Proposes 4-Year AFCON, Plans Pan-African LeagueFebruary 1, 2020In “Africa”European Clubs Vow To Boycott New FIFA Club World Cup FormatMarch 16, 2019In “FIFA”Australia And New Zealand To Host Historic 2023 FIFA Women’s World CupJune 25, 2020In “Featured”last_img read more

Aspire Global reaches partnership with Portuguese media group Cofina

first_imgShare Share EGBA responsible advertising code gains European broadcaster approval July 3, 2020 Altenar: Supporting expansion plans in Denmark and Portugal August 20, 2020 Related Articles Submit StumbleUpon Evolution Gaming tables ‘game changing’ €1.8bn buyout of NetEnt  June 24, 2020 Aspire Global has announced an agreement with Cofina, one of Portugal’s largest media organisations, entering the newly regulated market in the process.Utilising Aspire’s range of services, including payments, risk and fraud management, advanced analysis tools, CRM, support and VIP, they will be powering Cofina’s Nossa Aposta brand, which offers casino games, slots, and sports betting. Tsachi Maimon, the CEO of Aspire Global, commented: “I am happy to announce that in line with the company’s long term strategy and growth initiatives, focusing on Regulated markets, we are entering a new chapter in Aspire Global’s continuous success story, while we couldn’t have chosen a better partner than Cofina. “Teams on both ends have worked hand in hand diligently, demonstrating professionalism & cooperation levels second to none. I am confident this partnership will be a significant milestone for both companies. “Media companies in regulated markets possess a unique opportunity for generating new income streams leveraging their established brands.”Fernando Paes Afonso, CEO of Nossa Aposta, said: “We are very pleased to start operating in the Portuguese online market, offering our players a fun set of games created by excellent and well known providers like Aspire Global, NetEnt and NYX, in a very fruitful partnership with Aspire Global. “This is an important step of a journey that has just started, with a common vision based on trust, integrity and added value to the players, that are on the centre of our activity. We’ll continue to invest together on a unique and distinctive offer, made possible by bringing together the media knowledge of Cofina and the wide experience of Aspire Global in the online gambling activity.“Above all, players can be confident that both teams will do their best to provide them a great playing experience.”last_img read more

Ohad Narkis: Taking a ‘no nonsense’ approach to PlayOJO launch

first_imgShare Submit Share StumbleUpon Ohad Narkis, PlayOJOCan an operator’s ability to remain as open and transparent as possible become a unique identifier within the online casino industry?Ohad Narkis, Co-Founder of Maple Marketing, has bet big on ‘player responsibility’ with the launch of new online casino PlayOJO. Will his gamble pay off?Launching a new online gambling property will always test the hardest of stomachs, as leadership is faced with a gruelling terrain in which to conduct business, especially with raising costs, greater competition and increasingly stringent regulatory policies.Adding further worry, operators have seen compliance failures make national media headlines in 2017. For example, 888, one of Britain’s biggest online gambling firms, was ordered to pay a record penalty package of over £7.8m for what the Gambling Commission described as ‘serious failings’ in its handling of vulnerable customers.Nevertheless, Narkis believes that social responsibility can be used as a commercial driver for online casino PlayOJO, launched in March 2017. He is straight to the point about PlayOJO’s take on the UK market, stating that his firm will take a ‘no nonsense approach to its brand, voice, and proposition’.“We were made for the player, and believe in being as open and transparent with them as possible,” said Narkis. “That means no shifty small-print, no lengthy T&Cs, and no ridiculous wagering requirements attached to bonuses and prizes. We just offer real money and real play. It’s as simple as that.”Narkis admitted that 2017 has been a consequential year for social responsibility, and one in which high profile incidents have tainted the online casino industry’s reputation.“Online casino should be all about maximising the fun factor, but players also want to know that the money they win or are awarded in bonuses and prizes is their money,” he said. “However, because this is often not the case, the online casino industry has a bad reputation when it comes to fair play.“This has not been helped by the Commission’s decision to slap 888 with a £7.8m fine for dropping the ball when it comes to responsible gambling measures. It is another reason why we have taken the approach we have; we want our players to be healthy and happy.”Not satisfied with marketing and messaging transparency, Narkis and Maple Marketing have invested deep resources into developing the most ‘fair play’ online casino destination.He explained: “Our system, OJOplus, pays players money back on every bet, win or lose. And when we say money, we mean money, paid immediately, directly into their accounts, with no restrictions.“Of course, this is not a ground-breaking idea. We are simply replicating what happens in land-based casinos; players simply take their chips or winnings receipt to the cage and collect their cash. They are not required to wager it 20x before leaving the casino.”Looking forward to new challenges faced by PlayOJO, Narkis states that a key corporate goal will be to win the ‘trust lost’ between gambling consumers and bigger online casinos.“Players are not naïve, and are becoming increasingly frustrated with online casino sites that do not put them first,” he concluded. “They want greater control over their play, the limits they want to impose on it – as well as the marketing collateral they receive – and the bonuses and prizes they are awarded. Operators need to take this on board and make changes.”With Narkis’ no nonsense approach, PlayOJO may well be the brand to follow in 2018.last_img read more

NetEnt nominates Fredrik Erbing as new Chairman of the Board

first_img Swedish CEOs challenge ‘unrealistic demands’ against threat of igaming becoming obsolete June 8, 2020 Fredrik ErbingThe governance of Stockholm-listed industry games developer NetEnt AB has nominated Fredrik Erbing to the position of Chairman of the Board of Directors.A NetEnt board member since 2008, Erbing will be put forward as new chairman at the upcoming ‘Annual General Meeting’ on Wednesday 25 April, replacing departing incumbent Vigo Carlund.A seasoned Scandinavian business and enterprise executive, Fredrik Erbing currently serves as Vice President of Swedish retail systems provider Acando SE.NetEnt’s corporate update, sees Vigo Carlund end his 7-year tenure as Chairman of Board, deciding to stand down due to ‘personal reasons’.“During my two board tenures I have been part of the Board of NetEnt for a total of 15 years, 11 of which as Chairman. Due to personal reasons not related to the Company, I have now decided to leave the Board.” Carlund commented on his departure“Fredrik Erbing has great knowledge about the sector and NetEnt, and he has played an important role in NetEnt’s development during his time at the Board. This makes him suitable as Chairman of the Board of NetEnt.” Submit Share StumbleUpon Related Articles Share Swedish leaders warn Minister Shekarabi of channelisation consequences   May 6, 2020 Evolution Gaming tables ‘game changing’ €1.8bn buyout of NetEnt  June 24, 2020last_img read more

SBTech confirms ComeOn partnership renewal

first_img Submit StumbleUpon Alexey Khobot, Fonbet: The importance of live streaming for Russia’s betting market July 1, 2020 Share Kambi and DraftKings agree on final closure terms July 24, 2020 Kambi takes control of Churchill Downs BetAmerica sportsbook August 28, 2020 Share Related Articles Sports betting technology and platform provider SBTech has confirmed that it will be renewing its long-standing partnership with ComeOn which has helped expand ComeOn’s brand exposure across newly regulated markets.The extension to the partnership marks the fifth time this contract between the duo has been renewed, and is hoped to help deliver “differentiated user experiences to players, both in established and in new territories”, which will largely be done via SBTech’s sportsbook technology.Richard Carter, CEO of SBTech, said: “Our decade-long relationship with ComeOn continues to go from strength-to-strength with our innovative technology and new features enabling it to power new brands, broaden its footprint into new markets and offer its customers the ultimate, personalized online and mobile sports betting experience.“This is the fifth renewal between both companies and I’m extremely confident we will continue to help ComeOn to reach new heights as it expands and breaks new ground.”SBTech said stated that the strengthened partnership will help ComeOn fulfil their current growth strategy in existing jurisdictions such as Sweden, where SBTech has powered the operator’s snabbare.com and hajper.com brands following re-regulation of the market in January.Alongside this, ComeOn will be granted full control of its operations from one central location, offering comprehensive localisation capabilities, a powerful bonus engine and extensive responsible gaming tools.SBTech supplies ComeOn and its brands with a complete suite of sports betting solutions including access to its fully responsive front-end solution, live betting, live streaming, horse racing, greyhounds, IMG tennis data and streaming, live score, live match tracker and live statistics.Lahcene Merzoug, CEO at ComeOn, added: “At ComeOn we always strive to give our players an awesome experience. With many successful brands across different markets we are committed to offer the best products to our players. “Therefore, we are very excited to continue our successful partnership with SBTech and we are confident that together we will be able to find new great opportunities and keep offering our players a great sportsbook experience.”ComeOn’s most recent approach has seen it integrate SBTech’s API-driven differentiation technology, enabling the operator to personalise and customise its offering. This includes a wide selection of navigation styles, bet slip and front-end layouts, mobile configurations, widgets, and designs and trading strategies benefiting ComeOn with further differentiation, low upfront costs and speed to market.last_img read more

Quantis delivers RNG lift to Digitain’s gaming partners

first_img Industry provider Digitain has bolstered both its betting and skill gaming portfolios by launching Quantis, a new proprietary random number generator (RNG) engine. Running off the very latest in technology, ID Quantique’s physical RNG engine exploits the elementary process of quantum optics via the transmission of photons (light particles) to generate random events, allowing for the ultimate game of chance.The launch, said the company, will help to “cement its market-leading position position” by offering the cast-iron guarantee of a truly randomised gaming experience for its customers.Arsen Tadevosyan, Product Manager at Digitain, explained: “If you want to be the industry’s favourite platform provider, you have to ensure your operator partners know they’re getting the very best.“Our integration of Quantis is testament to our ambitious plans for global growth across developed and emerging markets. “We’re constantly evolving our gaming portfolio to deliver the best user experience, and utilising this new software brings even greater sophistication to our offering.”Quantis has been primed in time to support Digitain’s ambitious expansion plans in 2020, which includes creating the definitive sportsbook solution for Africa – a market Digitain’s Hmayak Arakelyan recently described as “arguably the world’s fastest developing region”.It is the second new betting-based engine in just two weeks for Digitain. Quantis quickly follows Bet Generator, which allows players to set desired betting amounts and potential returns based on their appetite for risk – and in turn generate a customised bet. Digitain and LSports double up for simulated tennis roll out June 30, 2020 SBC Webinars and Digitain present Finding Value in Untapped Markets July 14, 2020 Why reliability of service is an integral part of TVBET’s strategy August 6, 2020 Related Articles Submit StumbleUpon Share Sharelast_img read more

Industry Report: New channels for BtoBet’s ‘player-centric’ Neuron 3 platform

first_img Share BtoBet grows Nigerian presence with Booster99 deal August 26, 2020 StumbleUpon BtoBet grows LatAm portfolio with GlobalBet deal August 12, 2020 Related Articles BtoBet has targeted “integration of a digitally wider channel spectrum” through Neuron 3 – a ‘player-centric’ platform supporting mobile, desktop, retail, social media and TV betting.The igaming and sportsbook provider believes that new single-solution platforms such as Neuron 3, which will be officially unveiled at ICE London, will reshape an industry “stuck in a phase where most larger bookmakers still base their business on in-house legacy technology without properly taking the whole player journey, and their potential customers’ needs into account”.The metamorphosis towards BtoBet’s player-centric approach, said the company, has been helped by advances in technology but cautioned that data and technology alone will not give you the essential answers “if you are not asking the right questions”.As well as the more inevitable focus on smartphone and desktop betting experiences, Neuron 3 includes a revamped Retail Agent including a rapid registration system to transform anonymous to non-anonymous players. It also supports SMS betting, a key component in emerging markets where internet access can be more costly, as well as social media betting via iMessage, Facebook Messenger, Twitter and Telegram, and TV entertainment betting, which allows the player to watch a match (or more than one concurrently) and bet at the same time.This joined up approach, explained BtoBet CEO Alessandro Fried, is all about “delivering a new omnichannel perspective and filling the gaps in the player journey by providing its operators with the technology to develop their betting experience in the way they want” – whether the core focus is mobile, desktop, retail, SMS, social media or TV.Today’s BtoBet industry report read: “The knowledge, data and technological acumen that operators need to have at their disposal to succeed in the iGaming industry is vast.“Transaction data, social data, demonstrated behavioral data, geolocation data, business and player management tools, APIs for a seamless content and channel integration … the list is substantial.“All this presents endless opportunities to uncover patterns of customer behavior, channel preferences so you can personalize your propositions, your channels, your communications and the experiences you offer to your customers.“This is what Neuron 3 encapsulates at its core technology. All the tools readily available enabling the bookmaker to focus entirely his resources on how to best develop his own user experience based on his own vision according to his target players’ requirements and preferences.”‘How to successfully achieve a player-centric betting ecosystem’ – click HERE to download. Submit Share BtoBet refines African SMS payment options with Tola Mobile  August 20, 2020last_img read more

STS strengthens esports portfolio with Paweł “innocent” Mocek agreement

first_img Mateusz Juroszek – Non-stop STS will expand amid industry disruptions August 12, 2020 Polish wagering report highlights STS market dominance  August 17, 2020 Related Articles Building upon its presence across the esports sector, STS has extended its cooperation with CS:GO’s Paweł “innocent” Mocek as part of a year-long sponsorship agreement.The sponsorship deal comes as the esports market continues to attract punters across the world, and builds upon the duo’s current agreement which began in January 2018.The agreement signed at that time was the first one in Europe when a bookmaker decided to support an individual esports gamer playing Counter Strike.Mateusz Juroszek, CEO of STS, commented on the agreement: “Esports entered the top ten of the most frequent bets made by our punters, and it is still growing in popularity.“This is the reason why we invest in increasing our recognition among esports fans – we are constantly developing our offer to meet the expectations of our punters, i.e. by sponsoring popular teams, players and events.”Paweł “innocent” Mocek has been lauded by STS for having a successful year, having joined the Illuminar Gaming team, with whom he won the Games Clash Masters in Gdynia. The gamer will also go on to compete in the IEM Katowice 2020 tournament.As well as inking an agreement with the CS:GO gamer, STS has also secured sponsorship agreements with x-kom AGO, which is considered to be one of the best CS:GO teams in Poland.At the end of 2019, STS was given the green light by the UK Gambling Commission to provide services across the UK, based on an ‘independent licence’.Polish bookmaker STS has subsequently gone live with its own UK licence, 10 months after initially launching as a licensed white-label brand on the BetConstruct platform. Share Share Submit ESI Digital – No Drama Please… Esports growth should be treated as business as usual  August 20, 2020 StumbleUponlast_img read more