Funds get a new lease of life

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Multiple runners fail to qualify for NCAA Championships in Preliminaries Day 2

first_imgAfter three Syracuse runners qualified for the NCAA Division I Track and Field Outdoor Championships on day one of the NCAA East Preliminary Round, multiple runners came up short on Saturday in the second day of action.Junior Rachel Bonner finished four places shy in the women’s 5,000-meter finals. Her time of 16:38.14 was nine seconds away from a spot at the NCAA Championships in Austin, Texas.The women’s 4×100-meter relay team competed in the quarterfinals but failed to clinch a spot in the semifinals, as they finished .19 seconds away from the final place in the NCAA Championships. The team’s time was a school record.Senior Richard Floyd failed to qualify for the quarterfinals in the 110-meter hurdles. His time of 14.04 was .07 seconds from a qualifying spot.Freshman Matthew Scrape also failed to secure his spot in Austin, missing out on a qualification spot in the men’s 5,000-meter quarterfinals.AdvertisementThis is placeholder text Comments Published on May 25, 2019 at 10:36 pm Contact Nick: nleconom@syr.edu Facebook Twitter Google+last_img read more

GiG maintains global agenda despite tough H1 2019 trading

first_img StumbleUpon Related Articles Share GiG launches WSN Podcast hosted by Bill Krackomberger  June 18, 2020 GiG ups code security oversight with Checkmarx July 10, 2020 Submit Robin Reed, Gaming Innovation GroupDespite facing ‘toughened regulatory environments’, the governance of Gaming Innovation Group (GiG) details confidence in the firm’s overriding corporate strategy, pursuing ‘global geo expansion’ growth through ‘strong B2B partnerships’ coupled with ‘internal B2C’ brand launches within ‘selected markets’.Publishing its first interim results as a Stockholm-listed enterprise, GiG records H1 2019 group revenues of €63 million, down 14% on corresponding H1 2018’s €74 million.Mirroring industry-wide trends, GiG governance cites Swedish reregulated market adjustments and the loss of a B2B contract during Q4 2018 trading as the main contributing factors for the firm’s period revenue declines.The Swedish adjustments combined with increased betting duties see GiG report a lower period operating margins across its B2C and B2B assets, as group H1 2019 gross profits decline to €50 million (H12018: €61 million).Confronting H1 headwinds, GiG has undertaken a number of strategic initiatives mitigating period adjustments, with the company reducing period group marketing expenses to €17.5 million (H12018: €25m).A higher emphasis on cost control has seen GiG governance limit corporate headcount to 700 employees, helping the Stockholm enterprise maintain a stable period EBITDA at €6.6 million (H12018: €6m).Updating investors, GiG governance remains confident that H1 directives, will lead to sequential revenue growth and improved bottom-line performance during the second half of the year.“With the second quarter behind us, the outlook has improved. I am confident that the recent strategic actions we have taken will lead to revenue growth and an improved bottom line in H2. It has been a quarter with some headwind, primarily due to a tougher Swedish market.“Our global expansion will be driving sequential growth in both B2C and B2B in H2 and we will manage that growth with a strong focus on execution as the Company is heavily focused on improving earnings per share.” details GiG Chief Executive Robin Reed. GiG lauds its ‘B2B makeover’ delivering Q2 growth August 11, 2020 Sharelast_img read more