Bet365 linked with post-Brexit Malta move

first_img21st May 2018 | By contenteditor Regions: Europe UK & Ireland Southern Europe Gibraltar Malta Bet365 linked with post-Brexit Malta move People AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Bet365 is reportedly considering relocating its Gibraltar operations to Malta after the UK leaves the European Union (EU). The UK is scheduled to exit the EU on March 29 next year, although plans are still being but into place as to how this process will pan out. Bet365 is one of several major gambling companies that have a presence in the Gibraltar market, but with the future of the British Overseas Territory uncertain, the firm is said to be considering its options. The Sunday Times of Malta newspaper has reported that Bet365 is set to relocate some 1,000 employees from its operations in Gibraltar to Malta. The Times also said Bet365 has signed a promise of sale agreement to acquire a section of a new property development on the Tigné peninsula in Sliema, with this site to serve as the firm’s main hub in Malta. The promise sale, which is said to be worth around €70m ($82.8m), is expected to come into effect as soon as Brexit materialises. Bet365 already has a major presence in Malta, with Hillside (New Media Malta), the operating company of Bet365 Group, having held a remote gaming licence in the country since 2015. Sources told the newspaper that should the mooted move come to fruition, it could have a huge impact on Malta and its status as an online gambling hub. “It is not every day that 1,000 well-paid employees are relocated to Malta,” the sources said. “Apart from the fact that we are talking about the largest sports betting company in the world, with some 23 million customers, 1,000 new individuals and their families looking for a place to stay for quite some time on a small island will mean significant business.” However, in a statement issued in response to the report, Gibraltar’s Minister for Gambling Albert Isola said Bet365 has previously stated its ongoing commitment to the country. Isola said: “Bet365 confirmed directly to us that they remain totally committed to Gibraltar and the entirety of its workforce here; they are not leaving Gibraltar by any stretch of the imagination. “Neither are they having to choose between us and Malta. “What remains true is that Gibraltar remains the jurisdiction of choice for the most reputable gaming companies in the world. “Brexit isn’t going to change that.”Related article: Bet365 mulls move for Hills’ Australian business – report Tags: Mobile Online Gambling Topics: People Strategy Bet365 is reportedly considering relocating its Gibraltar operations to Malta after the UK leaves the European Union (EU) Subscribe to the iGaming newsletter Email Addresslast_img read more

Scuba Fishing by RTG Asia

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Scuba Fishing by RTG Asia Our professional scuba diver is out capturing fish… on film! 28th September 2018 | By Louella Hughes Email Addresscenter_img Topics: Casino & games Slots Our professional scuba diver is out capturing fish… on film! And you’ll be as captivated as he is, although we know you have your eye on that treasure, 7500 times your bet per line in this 27 ways pay, low volatility game, even if he’s oblivious to it!Play a demo version here. Companies: RTG Asia Casino & gameslast_img read more

Hard Rock and Tropicana eye sports licences in New Jersey

first_img New Jersey’s expanding sports betting market could be set for a further boost after it was revealed that Hard Rock International and Tropicana Entertainment have applied for licences to open sportsbooks at their properties in Atlantic City. Documents made public by the New Jersey Division of Gaming Enforcement (NJDGE) show that both companies are seeking a “transactional waiver to commence sports pool and online sports pool operations”. Hard Rock last week announced its sportsbook would be powered by GiG and would open before the end of the year, while Tropicana is partnered with William Hill. Hard Rock opened its rebranded Hard Rock Hotel & Casino Atlantic City in June, while the Tropicana Casino & Resort Atlantic City is one of the largest venues in the city and this year completed a major renovation project. Should Hard Rock and Tropicana be successful in their applications, the waivers would be valid for six months while the full process of licensure continues in the background, according to the NJ Gambling Sites website. Tropicana’s application comes after the company this month confirmed its acquisition by Eldorado Resorts in a deal worth $1.84bn (£1.40bn/€1.59bn). The move extends Eldorado’s reach into 26 land-based properties across 12 states. Eldorado is working with Hills on an initiative that covers its digital and land-based sports betting operations in the US, while Tropicana also started working with Hills in New Jersey prior to the deal going through.New Jersey has so far licensed eight sportsbooks after the state legalised sports betting in the wake of the Supreme Court ruling on PASPA earlier this year. The state has enjoyed a successful start to legalised sports wagering, with the NJDGE having last week revealed that sports betting revenue more than doubled month-on-month in September. Licensed sportsbooks took around $184m last month, up from $96m in August. New Jersey brought in $104m via digital platforms, while the NJDGE said around $336m had been wagered since legalising such activities in mid-June.Image: Farragutful Tags: Online Gambling Legal & compliance Email Address Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 17th October 2018 | By contenteditor Regions: US New Jersey Hard Rock and Tropicana eye sports licences in New Jersey Both companies are seeking to offer retail and online betting Topics: Legal & compliance Sports betting Tech & innovationlast_img read more

Catena sets sights on US for profit growth

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Whether by luck or design, Catena Media’s future hinges on the business making the most of its US sports betting affiliate opportunities Catena sets sights on US for profit growth For gambling affiliate sector watchers, this is a golden age of discovery. The rise of the super-affiliates and the listing of key sector leaders on various exchanges is bringing unheralded levels of disclosure.Within the space of a fortnight in November, the third quarter results for three of the most active affiliate consolidators were published. The biggest of the trio, Catena Media, embarked upon a short series of Capital Markets Days in London and Stockholm to better explain to investors the company’s prospects.The revenue and operating profit growth numbers from all three were certainly impressive. Raketech saw revenue rise 43% for the first nine months of the year to €17.9m, while adjusted EBITDA was up 30% to €9.9m. Better Collective more than matched those numbers with revenue for the first nine months of the year up 68% to €28.3m and EBITA rising 45% year-on-year to €10.7m.But it is the sector behemoth Catena Media which is truly exhibiting what might be termed an affiliate network effect. In its presentation to analysts in London, the company pointed to a compound annual growth rate of 113% between 2015 and 2018. At the third quarter run-rate (where revenues for the three months to September hit €27.7m, up 60%), annualised revenue stands at €110.8m, while the EBITDA run-rate stands at €54.4m.Much of Catena’s growth is due to acquisitions; according to the presentation, it has completed 34 deals in its relatively short corporate lifetime. Yet organic growth would appear to be harder to come by. In the first nine months of the year, the company said that it grew 17% organically which is somewhat in-ine with Better Collective, which reported an organic growth rate of 19% for the first three quarters of 2018.In both cases it is a decent, though far from spectacular, outcome and helps explain the somewhat lacklustre share price performances of both in the year to date.Until now the focus for both companies, and indeed the whole online gambling affiliate sector, has been on the consolidation. Yet, while Better Collective, Catena and Raketech have played their part in the process to date, it is noticeable that the last deal spoken about by any of them came in July, when Better Collective splashed out €4m on the Greece-focused WBS Online Marketing Services and KAPA businesses.As for Catena, its last acquisition was the somewhat ill-timed ASAP Italia deal which saw the company fork out €16m in cash a matter of days before the populist Italian coalition government announced a ban on all forms of marketing for gambling.Italy got very little by way of attention in the Capital Markets Days presentation, with the company blandly stating that it would be business as usual in Italy – until next year when the new rules come into force.Whether chastened by that experience – or more likely because of the smaller field of attractive opportunities and the chilling effect of tighter regulatory backdrops in various jurisdictions – Catena indicated that its focus has altered significantly. Previously the company boasted of having a roster of up to 4,000 sites working in the gambling space.Now chief executive Per Hellberg pointed to a slimmed-down stable of around 1,200 sites, adding that the company saw 80% of its revenues come from 30 to 40 key brands, including AskGamblers, JohnsSlots and BettingPro.This is quite a change of focus. The acquisitions of the past three years or more have largely been paid in shares and as such have been highly dilutive.“We’ve not increased EPS (earnings per share) too much, that is why we need to change the way we do things going forward,” Hellberg said. “Margin percentages have decreased so what we want to do is focus on fewer brands (and) grow more efficiently.”As was noted in a previous column, one such dilutive shares issue came from the renegotiations of the PlayNJ acquisition from December 2016.This is perhaps the final reason for the shift in focus away from M&A.In a twist of fate PlayNJ, bought with New Jersey and Nevada’s online casino and poker sectors in mind, came with additional assets that have now cemented Catena’s position as by far the largest affiliate player in the still-nascent regulated sports betting market in the US.To an extent, the post-PASPA US sports betting developments have fallen into Catena’s lap and the company is certainly not about to look this particular gift horse in the mouth.Catena isn’t alone in this. Better Collective also made much of the post-PASPA opportunity saying that it had made its first revenue from US sports-betting and would be setting up offices in the US next year.But as Catena’s new-ish US general manager for iGaming Michael Daly said, his company is “in pole position” for the US opportunity which, as he pointed out, will be see revenue at least double next year, without counting any further states opening up.“US sports betting is the most interesting thing in the gambling world right now,” he added.Whether by luck or judgment, the US potential means Catena is now firmly on course to hit its medium-term target of €100m in EBITDA by 2020 without necessarily having to add any further acquisitions.“One year ago, we thought we would have to acquire a lot of businesses to get to €100m,” said Hellberg. “But now we think that can come from the current business.”Such comments are instructive and will be read with interest by the rest of the affiliate sector. Those involved in the consolidation game within the affiliate sector will note, perhaps, that the 500lb gorilla has just left the room. What that does for M&A multiples within the space will be an area worth watching next year. 3rd December 2018 | By contenteditor Subscribe to the iGaming newsletter Topics: Finance Finance Email Addresslast_img read more

Betsson aims to raise SEK500m to support future growth

first_img Email Address 10th September 2019 | By contenteditor Topics: Finance Strategy Finance Gambling operator Betsson has announced plans to issue a new senior unsecured bond with an expected initial minimum volume of SEK500m (£41.6m/€46.7m/$51.4m) to support its ongoing growth and expansion strategy.Betsson has instructed joint bookrunners Nordea and Swedbank to arrange investor meetings to investigate the possibility of the bond issue.“We have the ambition to grow, organically and through acquisitions,” Betsson’s president and chief executive Pontus Lindwall explained. “This should be done in a profitable and sustainable manner, primarily in locally regulated markets and we continuously evaluate additional markets to grow in.“With this planned bond issue, we secure financial flexibility to execute our long-term strategy.”Should Betsson opt to proceed with the plans, the bond would run with a tenor of three years, subject to market conditions.The news comes after Betsson in July revealed a 5% year-on-year decline in revenue for the second quarter of 2019, primarily due to struggles in the Nordic region and the Netherlands.Revenue for the three months to June 30, 2019 fell to SEK1.3bn, while, after financial expenses of SEK14.7m and taxes of SEK10.5m, Betsson’s profit for the quarter stood at SEK171.6m, down 37%.However, the operator’s performance over the first six months of 2019 made for better reading, with revenue up 2% to SEK2.6bn. Gross profit, after the cost of services stood at SEK1.8bn, down marginally year-on-year. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Subscribe to the iGaming newsletter Tags: Online Gambling Betsson aims to raise SEK500m to support future growth Gambling operator Betsson has announced plans to issue a new senior unsecured bond with an expected initial minimum volume of SEK500m (£41.6m/€46.7m/$51.4m) to help support its ongoing growth and expansion strategy.last_img read more

UK govt sets August reopening date for English casinos

first_img Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Topics: Casino & games 17th July 2020 | By contenteditor The UK government will allow casinos in England to reopen from 1 August, with industry body the Betting and Gaming Council (BGC) is now calling on Wales and Scotland to follow suit.Prime Minister Boris Johnson made the announcement as he set out plans for a further easing of lockdown in England this morning (17 July).The move was hailed by the BGC, which has lobbied hard for the venues to be permitted to open in July, by highlighting casinos’ economic contributions, the jobs they provide and the measures taken by operators to ensure customers and staff are kept safe.The venues have been closed for over four months, from 20 May, as a result of novel coronavirus (Covid-19) and remained shuttered despite other land-based gambling outlets such as betting shops (15 June) and bingo halls (4 July) being allowed to welcome back customers.“After four long months of lockdown, it’s fantastic to see casinos will reopen safely for business again on 1 August,” BGC chief executive Michael Dugher said. “I am delighted that they can now play their part in supporting the recovery of the tourism and hospitality sector.“BGC casino members went the extra mile to meet strict Covid guidelines some weeks ago but were left in the dark as to when they would be allowed to reopen,” he continued. “I’d like to thank DCMS Secretary of State Oliver Dowden, Minister Nigel Hiddleston and the many cross-party MPs who supported us and worked hard to secure a reopening date.”While the confirmation of a reopening date will see many of the 12,000 people employed by the venues across England return to work, it remains uncertain when casinos in Wales and Scotland will be allowed to reopen.Dugher therefore called on the government of each country to announce their plans for the venues, noting that the continued closures left around 2,000 employees unable to work.“The uncertainty has been awful for the 12,000 people who work in casinos in England and we now call on Scottish and Welsh governments to follow suit and permit casinos to reopen without delay,” he said.“The devolved administrations owe it to the 2,000 employees who work in Scottish and Welsh casinos to end this uncertainty and help them return to work.”Earlier this week one of the UK’s largest land-based casino operators, Genting UK, announced that as many as 1,642 staff faced redundancy as a result of the upheaval caused by Covid-19. While the operator said it would do everything it could to reduce this number, it blamed the uncertainty caused by a lack of a firm reopening date and subsequent changes to its operating model for the planned layoffs.center_img The UK government will allow casinos in England to reopen from 1 August, with industry body the Betting and Gaming Council (BGC) is now calling on Wales and Scotland to follow suit. Regions: UK & Ireland Email Address UK govt sets August reopening date for English casinoslast_img read more

Slow Vegas recovery hurts enlarged Caesars’ Q3 performance

first_img Slow Vegas recovery hurts enlarged Caesars’ Q3 performance For the three months to 30 September revenue amounted to $1.38bn (£1.05bn/€1.16bn), more than doubling the legacy Eldorado Resorts’ revenue for Q3 2019. This only included 10 days’ contribution from the legacy Caesars Entertainment Corporation (CEC) business, however, after the operators’ mega-merger was closed on 20 July.  Looking at revenue breakdown by region, and using the full quarter’s contribution from the legacy CEC business, Las Vegas properties accounted for $391m of the total, down 54.9% year-on-year.  Subscribe to the iGaming newsletter Caesars Entertainment’s third quarter results offer further proof that Las Vegas is enduring a slower recovery than regional gaming markets, with revenue falling on a like-for-like basis and the business posting a quarterly net loss of $926m. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter However, on a ‘same shop basis’ – factoring the properties that will be divested from the merged casino giant’s expanded portfolio, plus CEC’s performance for the first 20 days of July – revenue for the quarter came to $1.84bn, a 34.3% decline from the prior year.  Email Address Regions: US Nevada Tags: Caesars Entertainment Eldorado Resorts Tom Reeg The interactive division is set to be significantly expanded through Caesars’ acquisition of William Hill, having made a £2.9bn (€3.17bn/$3.72bn) offer for the British operator at the end of the quarter. This will go to a vote of William Hill shareholders on November 17. Read the full story on iGB North America. Managed services, international properties and the Caesars Interactive Entertainment divisions, meanwhile, brought in a further $92m, down 34.8%, with corporate and other revenue flat at $5m.  6th November 2020 | By Robin Harrison Q3 results 2020 Topics: Casino & games Finance Land-based casino Q3 results 2020 Regional casinos across the US, however, reported a decline in revenue – but much reduced from the Vegas drop – of 19.7%, to $1.35bn.last_img read more

iGB Live! enquiries at a record high as industry targets Amsterdam in September

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “I would be delighted to hear from any of our stakeholders who would like to contribute to this and help shape the look, feel and content of what will be the most important event of 2021,” she added. “I can be contacted on my personal email address: [email protected]” iGB Live! and iGB Affiliate portfolio director Naomi Barton said the volume of direct and indirect enquiries regarding participation in September’s iGB Live! has “gone through the roof” in the last ten days. Strategy As a result, Clarion Gaming is looking to add new experiences, new content and new features to connect with the needs of the market.  ICE Connect will run from 21 to 25 June, focused on Europe, then with a North American focus between 28 June and 2 July. A repeat of this schedule will then follow in the autumn. Barton (pictured below left) explained that iGB Live! and iGB Affiliate Amsterdam had always been popular in the industry. The last edition, held over 16 to 19 July 2019, achieved a satisfaction rating of +38, which she said put the shows “in the Premier Leagues of B2B events”.  Tags: ICE London iGB Affiliate London iGB Live! iGB Affiliate Amsterdam 15th February 2021 | By Robin Harrison One of the tentpoles of this digital strategy will be ICE Connect, an invitation-only executive summit programme. This will see algorithms employed to scientifically match qualified, senior level decision-makers who have both buying power and immediate requirements with industry leading solution providers. Naomi Barton The enquires have come from a mix of stakeholders, she revealed, including those that would normally associate more closely with ICE London.  “The level of interest measured by traffic to igblive.com, and more significantly by the number of enquiries that are being made directly to the sales team, underlines the strategic importance of iGB Live!,” Barton said. center_img “Our event will be the first established in-person show of 2021 for our industry and has all of the credentials to kick-start the beginning of the return to normal or to redefine what normal is and its implications for consumers and the industry.” Topics: Casino & games Esports Legal & compliance Lottery Marketing & affiliates People Social responsibility Sports betting Strategy Tech & innovation Marketing Subscribe to the iGaming newsletter iGB Live! enquiries at a record high as industry targets Amsterdam in September Email Address The unprecedented spike in interest has come in the wake of last week’s announcement confirming the postponement of the summer editions of the co-located ICE London and iGB Affiliate London shows, which will now take place in February 2022.  “The safety and security of the iGB Live! and iGB Affiliate community is at the top of our agenda and the owners of the RAI have put in place the very best in-venue Covid protocols and cleaning standards to ensure visitor safety, as has the mayor and the city of Amsterdam,” said Barton.  Furthermore, iGB Live! 2021 will be run with the highest possible safety and security standards in place. Regions: Western Europe Netherlands This, Barton said, highlights a desire across the industry to engage with the market in 2021, and a growing desire from the land-based sector to explore opportunities to diversify their offerings by moving online.  Clarion Gaming will also run a series of digital engagement initiatives over 2021, providing its audiences with the latest insights and analysis of the market across multiple channels. last_img read more

BonusFinder launches in Colombia

first_imgThe affiliate pointed out that Colombia is the only Latin American jurisdiction with a fully regulated online gaming sector, and said it was therefore the perfect place for BonusFinder to launch. In November, it secured its affiliate licence in Michigan ahead of the launch of online sports betting and igaming in the state, and received a further affiliate licence in Virginia earlier this month. Regions: LATAM Colombia Tags: BonusFinder Fintan Costello “Better regulation – including affiliate licensing – represents the future of the industry worldwide, and we are delighted to be working in another well-regulated and well-respected market like Colombia.” Performance marketing business BonusFinder has launched its igaming comparison website in the regulated Colombian online gambling market. BonusFinder has expanded into several new markets recently, with an emphasis on its expansion into jurisdictions in the US. 24th February 2021 | By Conor Mulheir Subscribe to the iGaming newsletter “We love operating within regulated markets, it is truly our main focus and our passion,” BonusFinder managing director Fintan Costello said. Topics: Marketing & affiliates Online casino Affiliates Online sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Affiliates “It means the players are better protected, the operators are all legitimate – and everything runs fairly for the players.” In October, the affiliate extended its licence in West Virginia to cover igaming, allowing the website to collate and display a range of bonus offers from online casino operators that are licensed in the state. BonusFinder launches in Colombia Email Addresslast_img read more

Royal Challengers formally announce Muthoot Fincorp as title Sponsor

first_img WTC Final LIVE: Devon Conway continues red-hot form, slams fifty to provide New Zealand dream start BCCI Apex Council Meet: BCCI to bid for 3 major global events in next tournament cycle starting from 2024; Check YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|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|SponsoredSponsoredUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factory|SponsoredSponsoredUndo Cricket 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 Royal Challengers Bangalore have announced a 3-year partnership with Muthoot Fincorp Ltd, a part of the Muthoot Pappachan Group, popularly known as Muthoot Blue, a diversified conglomerate in the financial services industry.The partnership of title sponsor for the marquee T20 team includes the heavily valued “jersey front” logo placement, which will be prominent on the playing and training jersey, in stadium integration at home matches, digital and other high visible media platforms, Royal Challengers stated in a Press release. PSL 2021 Qualifier 1 ISL vs MUL LIVE: best way to watch Islamabad United vs Multan Sultans Live Streaming in your country, India, Follow… Cricket Euro 2020, Switzerland vs Turkey LIVE: Shaqiri adds another as Switzerland lead 3-1; Follow Live Updates WI vs SA 2nd Test Day 3 Live: South Africa lose early wickets; SA 35/2 (11 ov)- Follow Live Updates By Kunal Dhyani – February 11, 2020 Euro 2020, Italy vs Wales LIVE: Bale fires shot over the bar as Wales miss chance for equalizer; Follow Live Updates Cricket Cricket CricketLatest Sports NewsSportSports Business Football Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore Cricket Latest Sports News Football Previous articleAssociate Members driving cricket’s global growth with T20Is: ICCNext articleTeam India fan club Bharat Army signs official travel sub-agent Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Cricket TAGSIPL 2020 sponsorshipMuthoot FincorpRCB sponsorshipRoyal Challengers BangaloreSports Business NewsSports Business News India SHARE by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeSuresh Raina issues statement after arrest, says the incident in Mumbai was ‘unintentional’UndoPUBG Mobile Big Update : For the first time ever, India Government makes it official, ‘No Permissions to PUBG’UndoWrestler Murder Case: Sushil Kumar spotted hitting victim with sticks in exclusive video; WatchUndoInsideSport.co was the first to report the RCB-Muthoot Blue deal.Watch Asian Wrestling Championships 2020 LIVE Streaming, Highlights, News, Videos, Photos, Results and Rankings on WrestlingTV.inThe partnership will commence in February 2020 and represent a step forward with Muthoot Fincorp partnering with one of the most dynamic brands in the country. Royal Challengers Bangalore features international superstars including Captain Virat Kohli, AB De Villiers, Yuzvendra Chahal, Aaron Finch, Umesh Yadav, Navdeep Saini, among others, forming the core of an exciting team. The partnership also offers both the partners the opportunity to strengthen their consumer connect with millions of audiences across India and help in achieving a stronger brand recall.Royal Challengers Bangalore Chairman, Sanjeev Churiwala said, “We, at Royal Challengers Bangalore are pleased to be associating with Muthoot Fincorp Ltd, Muthoot Blue, as our title sponsor, as they bring passion and core values that we as a brand believe in. We are positive that both Royal Challengers and Muthoot Fincorp Ltd , Muthoot Blue, will be able to channelize this collaboration in a brilliant way.”Elaborating on the Group’s deep connection with sports, Mr. Thomas George Muthoot, Director, Muthoot Pappachan Group and Director of Muthoot Fincorp Ltd. said, “Our aim has been to empower human ambitions by providing support to the spirit of the individuals who strive to surpass numerous hinderances and attain their goals. Sports have the power to bring out sportsman spirit and the passion in an individual and transcend the barriers of socio-economic status, language, religion and culture. Muthoot Pappachan Group has been closely connected with several sports in various capacities.IPL 2020: RCB lone team left to hunt for title sponsor“Further we believe that T20 has played a crucial role in enhancing the opportunity for more & more young Indians to make a proud career in Cricket. With several players being identified from different parts and even remote corners of the country to showcase their talent at the revered arena, the tournament has immensely motivated & given avenues to the youngsters in India since its inception. We are proud to join hands with Royal Challengers Bangalore for T20 and will endeavour to support the players in every way possible.”To further amplify the association, RCB players will be part of special promotional offers for fans / consumers. Muthoot Fincorp Ltd will also enable opportunities for cricket fans to meet RCB’s star performers. Additionally, RCB players will also be seen endorsing Muthoot Fincorp LTD products in a TV commercial.Also Read: New regional feed, ‘cricket app’ in Star India’s IPL business plan: Reports Cricket Share on Facebook Tweet on Twitter WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video WTC Final Day 3 Stumps: India remove Conway and Latham; NZ 101/2 (49 ovs) trail by 116 runs Royal Challengers formally announce Muthoot Fincorp as title Sponsor Facebook Twitter RELATED ARTICLESMORE FROM AUTHORlast_img read more