Tate & Lyle unit sold for £67m

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem TATE & Lyle yesterday sold off the last of its historic British sugar businesses – offloading its molasses distribution arm for £67m. Northern Irish commodities group W&R Barnett has bought the unit in cash, and Tate & Lyle says it will use the proceeds to pay down its net debt. The molasses business had annual sales of £228m in the year to 31 March, generating profits of £13m.The sale follows on from its decision in July to offload its main sugar and golden syrup division to American Sugar Refining for £211m, and is part of Tate & Lyle’s chief executive Javed Ahmed’s plan to focus the company on speciality food ingredients.Tate & Lyle said the sale of the final piece of its global sugar operation – a Vietnamese business – was progressing well.“I would like to thank our molasses employees for their hard work and commitment over many years and wish them every success in the future,” said Ahmed.“Our clear priority is to grow the speciality food ingredients business, supported by cash generated from bulk ingredients. This disposal represents another important step as we focus, fix and grow our business,” he added. KCS-content Tate & Lyle unit sold for £67m Share whatsappcenter_img Thursday 25 November 2010 7:28 pm whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Show Comments ▼ Tags: NULLlast_img read more

Delaware betting market maintains momentum in December

first_img16th January 2019 | By contenteditor Email Address Another strong month of sports betting activity concluded a successful first six months of legal wagering for Delaware, while an increase in stakes helped push annual online gaming revenue up 8% year-on-year Regions: US Delaware Finance Delaware concluded its first six months of legalised sports betting with another strong performance in December, while an increase in stakes in its online gaming market pushed annual revenue for the sector up 8% year-on-year. Net proceeds from legal sports betting amounted to $2.2m (£1.7m/€1.9m) in the state last month, up from $1.1m in November despite a lower handle of $16.1m compared to the previous month’s total amounts wagered of $16.4m. This was mainly down to players winning less in December, with the $13.6m that punters took home significantly lower than customer winnings of $15.1m in November.  Delaware Park remains the main source of sports betting income for Delaware, with revenue in December amounting to $1.5m, from handle of $10.8m. Dover Downs came a distant second with $411,200 in revenue from $3.2m in amounts wagered, followed by Harrington Raceway on $267,000 from handle of $2.1m. Since launching legal sports betting on June 24, Delaware has generated revenue of $8.9m in total, with punters staking $87.0m. Meanwhile, there is good news for Delaware’s struggling online gaming market after a strong performance in December helped push full-year revenue to $2.6m, up by 8% on $2.4m in 2017. Punters waged a total of $97.6m on online poker and casino in 2018, with the majority of this ($61.8m) spent playing table games. In December, consumers spent $10.3m gambling online, with $6.6m on table games and $3.7m in video lottery. Players won a total of $10m, leaving the state with net proceeds of $251,300 for the month. Delaware Park also led the way in the online gaming market in December, taking in proceeds of $125,400 from $5.3m in stakes. Harrington ranked second during the month on $67,430 from $1.2m and, despite punters spending more at Dover Downs, the venue came in third with proceeds of $58,400. December also proved to be one of the most popular months of the year for new registrations, with some 523 consumers signing up to access the state’s regulated iGaming sites.Image: MPD01605 Tags: Online Gambling Delaware betting market maintains momentum in December AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Topics: Finance Sports bettinglast_img read more