SkyCity reduces FY2020 guidance on Adelaide impairment

first_img20th August 2020 | By contenteditor New Zealand casino operator SkyCity Entertainment Group has revised its earnings forecasts for its fiscal year to 30 June, factoring in a higher than expected insurance payout and an NZ$161m (£79.6m/€88.4m/US$104.7m) impairment to the value of its casino in Adelaide, Australia.SkyCity said that its normalised earnings before interest, tax, deprecation and amortisation – adjusted to remove exceptional items to give an indication of a business’ underlying performance – and profit would now beat its earlier projections.This, SkyCity explained, was due to higher estimates for an insurance payout due to the business following a fire at the New Zealand International Convention Centre and Horizon Hotel in October 2019. The venue was under construction at the time, and is an extension of the existing SkyCity complex.The insurance payout means normalised EBITDA is expected to come in between $199m and $202m, above its initial guidance of between $185m and $205m. Normalised net profit after tax, meanwhile, is now projected in the range of $65m and $67m, compared to a prior estimate of $52m and $67m.However, reported earnings will be offset by a $161m impairment charge of SkyCity’s Adelaide Casino’s book value. This will be made against the intangible asset value of the venue’s casino licence.The operator explained that it had written down the value of the licence due to the time it will take to achieve its long-term potential earnings, which have been reduced by a project to expand the property. This was then exacerbated by the ongoing impact of novel coronavirus (Covid-19), which shuttered the venue until 30 June.As such, reported EBITDA – including exceptional items – will fall in the range of $346m to $349m for the year to 30 June, down from the original estimate of between $440m to $480m.Reported net profit after tax is expected to come in between $234m and $236m, down from $330m and $360m.The exact value of the impairment remains subject further review by SkyCity’s board of directors and its auditor.The operator will release its financial results for the year on 3 September.Its flagship Auckland property is once again closed, from 12 August, following the enforcement of a local lockdown in the city. Earlier this week it said the property will remain closed to visitors until 26 August.Its venues in Hamilton and Queenstown remain open, though with Alert Level 2 in place, will be limited to a maximum of 100 patrons. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Regions: Oceania Australia New Zealand Casino & gamescenter_img Topics: Casino & games Finance New Zealand casino operator SkyCity Entertainment Group has revised its earnings forecasts for its fiscal year to 30 June, factoring in a higher than expected insurance payout and an NZ$161m impairment to the value of its casino in Adelaide, Australia. SkyCity reduces FY2020 guidance on Adelaide impairment Email Addresslast_img read more

Rolling with the punches – Italian online sector survives a tough year

first_imgCertainly, on March’s figures the combined sports betting business would leap to the top of the tree with a combined percentage of around 18.1%. Schiavolin sees the significance of his rival’s acquisition. “It confirms the extent of the market changes underway,” he says. “On the one hand, the trend is evidence of a tendency to pursue increasingly greater specialisation to improve business competitiveness in specific segments. On the other hand, there is a pursuit of growth through acquisitions in order to capture market share.” Rolling with the punches – Italian online sector survives a tough year It might seem peculiar that the lyrics of a long dead British music-hall star come to mind when thinking about the state of the Italian online market in the past year. All the same, some lines sung by Gus Elen, a cockney singer and comedian, do appear fitting. He adds: “Since March 2020, gaming outlets have observed more than 250 days of closure, and shutters are currently down since last October. Retailers need to restart, and have already invested in equipping stores with all the prevention and safety tools necessary to ensure the health protection of employees and customers.” 12th May 2021 | By Robin Harrison The pandemic was one obvious obstacle facing the gaming sector in the past 12 months. In particular, land-based betting and gaming suffered from prolonged lockdowns and, as of the time of writing in mid-April, are still yet to see any sign of a reopening. “Online revenues have been stronger in the last year but could not compensate the industry losses by retail closure,” says Alexander Martin, chief executive at SKS365, the company behind the Planetwin365 brand. Similarly, the gaming sector in Italy might say that if it wasn’t for the pandemic, its associated lockdowns, the gambling marketing ban and the recent tax hikes, it would be doing just fine. Castaldo also believes the rebound will be robust but he adds that the experience of the past year might have changed the shape of the market as it moves ahead. “How it shakes out remains to be seen, but I think the balance will continue to tilt towards online,” he suggests. Marco Castaldo, chief executive at Microgame, says that omni-channel has been “the main topic” for Italian operators in recent years and while during the pandemic clearly there were issues in maintaining a connection with the audience, those that “worked well on player engagement and retention” will have benefitted the most. Ekaterina Hartmann, director of legal and regulatory affairs at the European Betting and Gaming Association (EGBA), points out that the evidence suggests illicit activity is on the rise. “Italy needs to find the right balance between proper regulation that protects the customer and a sufficiently attractive offer,” she says. The need to find ways to drive customers online but without the previously available array of advertising prompts led to a more concerted effort to utilise the retail presence as customer acquisition tool. Hence, what would otherwise seem to be a counter-intuitive rise in GGR in Italy even as the new marketing restrictions took hold. If ever a national market has been hit by a triple whammy it is the Italian gaming sector. First a ban on all gambling-related marketing, then the effects of the pandemic and its associated lockdowns and finally to add insult to injury a tax hike even while the virus was raging. Yet, the online sector can be said to have displayed amazing resilience and recent M&A in the space hints at optimism over future prospects at the top of the tree at least. For the sector to move forward there needs to be better dialogue with both the legislators and the regulators. “We expect to have a constructive dialogue involving all the actors in order to harmonise the legislation, to balance the protection needs of order and public health with the necessary survival of the Italian gaming sector and the need of tax revenue,” Martin says. Broken links The new tax is “something that is really killing the business,” says Hartmann. “Being able to offer attractive odds is what keeps players on the regulated market. From our point of view the advertising ban and the new sports tax are very problematic.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “Channeling is ultimately the figure that says whether regulation is successful or not. An advertising ban is not the way to ensure an attractive market exists, on the contrary it is very harmful as it does not allow the consumer to be informed of who the regulated operators are. Sadly, an advertising ban does not strike the right balance.” Pressure points “Snaitech’s 2020 numbers showed a clear evidence of the digitalization process of demand for all products and services, boosted by the retail lockdown with customers experiencing the online offer with increasing confidence,” he says. “The healthcare emergency, with the consequent closures, has changed the habits of customers all over the world, accelerating the omni-channel process,” says Schiavolin. “Customers have started to take advantage of different online services and gaming has become part of this trend. In our market, there has been a gradual shift from pure retail to multi-channel.” “The land-based network is a crucial asset both in terms of brand awareness and customer protection,” says Martin. “The key to staying ahead of the game is offering an omni-channel experience that allows customers to have both options and therefore to choose which channel best suits them at that particular time.” Combining with Gamenet’s existing Goldbet brand presence, the move creates a new market leader with pre-forma revenues for 2019 of around €1.6bn and an EBITDA of circa €370m. Backed by Gamenet’s private equity owners Apollo Management International, the deal was hailed at the time as being “transformational” by Guglielmo Angelozzi, chief executive officer of Gamenet.  Online sports betting Martin agrees that there is every to suspect that retail operators will adapt to the new circumstances and can expect to see their audience return. “With the end of the lockdown many customers will come back to the shops under the given safety measures,” he adds. But the omni-channel effort was of central importance to the Italian sector long before Covid-19 first arrived in Italy early in 2020. The passing of the Dignity Decree in 2019 and the subsequent ban on nearly all gambling-related marketing activity was a huge blow to the Italian betting and gaming sectors. But one partial answer to the sudden lack of visibility lay with the betting outlets themselves. Source: Ficom Leisure Death and taxes To compound the problems for the sector when it comes to black market activity, the gambling sector – uniquely in Italy – was hit by a tax hike even as it was struggling with the effects of the pandemic. center_img Gaming’s contribution to the Italian economy is large enough that its suggestions for how the sector should be legislated and taxed should at least be heard. As Martin points out, it employs around 150,000 people across betting shops, slot halls and bingo clubs and produces tax revenues of circa €7bn a year. This confirms the generally positive picture for revenues from both online gaming and, once sports restarted in June last year, online sports. “A number of new players have opened online accounts as effect of the lockdowns,” says Christian Tirabassi, senior partner at Ficom Leisure in Rome. “We believe this increase will stay, as a number of players have (become accustomed to) the online/mobile betting and gaming experience.” One clear effect of the ban on gambling-related marketing would appear to be a market share consolidation among the top half-a-dozen brands. Martin points out, for instance, that SKS365 is now one of six operators in sports-betting with more than 10% market share and which account for nearly three-quarters of all GGR. “I think that we are in a position that will allow us to further consolidate our business regardless of the competitors moves,” he suggests. Tirabassi agrees that the current trajectory of the market is dictating the consolidation trend “both horizontal and vertical”. “The acquisition by Gamenet of IGT betting and gaming assets is pushing the competition to react in order to consolidate a position,” he adds. “We invest and educate in digitalisation and build leading technologies other industries can learn from,” he says. “The whole gaming industry would appreciate the governmental support and respect as given to other industries.” Notably among the converted are Snaitech’s betting-shop managers. “For a number of years now, we have been focusing a great deal on the acquisition of online players through our points of sale, sharing the revenues with the shop managers and building a real omni-channel view on the customers,” Schiavolin says.  Recent data proves the point. Figures from Ficom Leisure show that revenues from all online verticals rose nearly 95% in February compared to the same month last year, before the first lockdown hit. At over €351m, February’s gross gaming revenue (GGR) figure was just shy of the record €359m set in December. In March, online sports betting was still up more than 160% year-over-year, and online casino posted its second highest total since regulation was implemented. “So we are expecting that the channeling rate in Italy will be falling further than the already high 20 % estimated by Copenhagen economics and 23% estimated recently by PWC. A fundamental rethink about the substantial effects  of both these measures is urgently necessary.” Tags: Ficom Leisure Apollo Global Management International Game Technology Lottomatica Microgame Snaitech SKS365 Goldbet Gamenet European Betting and Gaming Association The move in May last year on the part of the authorities to impose a 0.5% turnover tax (the ‘salva sport’ tax) on all forms of sports-betting was intended to raise over €40m a year for sport. But Castaldo says the biggest effect of the new tax will be to funnel further players towards the black market. “I think the hikes in tax rates over the last few years have been a bigger favor to the black market than the advertising ban,” he suggests. “The lockdown has done the rest.” ‘Wiv a ladder and some glasses, I could see to ‘Aackney marches, if it wasn’t for the ‘ouses in between,’ goes the song.  The ad ban, according to Schiavolin, is “conceptually wrong” and has the perverse effect of actively favouring the illegal operators. “The Dignity Decree penalises the entire legal gaming chain, which is the one that actually carries out the control and management of the market, ensuring revenue for the Treasury and protection of players,” he says. “How can customers distinguish between illegal operators and legal gaming licensees, if the latter are denied the right to promote their brand?” Subscribe to the iGaming newsletter For Schiavolin this balance is clearly not being hit right now. “Despite the fact that Italy is, for many years now, along a path aimed at promoting legal gaming, protecting the consumer and recovering resources from actions to fight illegal gambling, the policies implemented in recent years have proved restrictive, limiting and highly penalising for the success of the above mentioned goals,” he says. The widespread worry is that the authorities – having singled the sector out even during the pandemic – now appears to view the gambling sector as, in the words of Martin, a “cash cow.” He suggests the tax hike was “not very rational” and suggest the support for the sector in the past year has been minimal compared to other areas of the economy. However, the sports-betting picture changes slightly when the most recent Italian sector M&A is considered. The big news in this regard came from Gamenet when it announced in December it had bought IGT’s Italian online sports-betting and land-based gaming machine business which was previously under then Lottomatica banner for €950m. Consolidation is a centrifugal influence within any given market so it is hard to ascribe this move specifically to the gambling marketing ban. But a clearer link can arguably be drawn between the legislative actions and a rise in black market activity. The latest data shows on sports-betting – both in online and land-based combined –shows the degree of concentration at the top. The situation in February and March, as detailed by the analysts at Ficom Leisure, shows a broadly even six-way tie for market leadership between Snai, Eurobet, Planetwin365, Sisal, Goldbet and bet365. For now, what will really give the gaming sector a boost will be a post-pandemic reopening. Dates are yet to be set, other than the hope that, as Schiavolin says, it will be “as soon as possible.” Regions: Southern Europe Italy Fabio Schiavolin, chief executive of Snaitech, says 2020 proved once and for all the attractiveness of online gaming to the consumer with Snai’s revenues up 58% on 2019 which itself had been a record-breaking year. “Even the more reluctant retailers have experienced the importance of exploiting the digitalisation, which was for them the only income during these recent months. As we always focus on partnerships we have also increased the compensations to allow the retail network to face the crisis and come back stronger when the opening will be allowed.” Email Address Martin, meanwhile, foresees trouble for the market minnows. The acquisition is “part of the trend for the top gambling operators in the world to merge operations and create a market force that is able to wipe out most of the smaller operators and have complete market dominance.” Source: Ficom Leisure The less concentrated nature of the online casino market means Gamenet’s combined market share is less striking, although at around 12.1% in March it would still – just – take market leadership from Flutter Entertainment’s PokerStars business. Topics: Casino & games Sports betting Online casino Online sports betting Product & technology Retail sports bettinglast_img read more

I’m buying dirt-cheap UK shares like these for the stock market recovery

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Kevin Godbold | Thursday, 25th February, 2021 Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! What makes a dirt-cheap UK share? It could be a low valuation as measured by indicators, such as the earnings multiple, dividend yield and price versus asset value.But dirt-cheap can mean something else as well. For example, many UK companies have seen their revenues and earnings crash because of the pandemic lockdowns. And dividend yields and earnings multiples may look expensive when measured against current trading figures.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…These UK shares have burst into lifeBut damaged businesses often have fallen share prices. And the ‘dirt-cheap’ I’m looking for can be discovered using the same valuation techniques.  But I’d apply them to anticipated trading figures rather than historical ones. And the exciting thing now is that the UK and other economies have a clear path out of the pandemic. So many businesses will soon get back to full trading.Those businesses are likely to see their revenues and earnings rise. And if their shares are still on the floor, there’s a good chance they’re dirt-cheap compared to the earnings they could achieve. And that’s why I reckon fallen, pandemic-damaged shares have recently burst into life. I’m thinking of names like easyJet, Greggs, International Consolidated Airlines and Barclays.And the UK stock market is a bountiful hunting ground for dirt-cheap shares. Unlike the US market, for example, we don’t have lots of expensive growth stocks. We have some, but not buckets full of them like the Americans do. And on top of that, the UK market has been going through a tough time navigating the uncertainty of the Brexit process. I think the pandemic and Brexit have probably been suppressing company valuations.Several talking heads in the financial industry and media have been pointing to the UK stock market as a decent play for the recovery. And the main logic is that valuations are lower. That’s certainly true when compared to US stocks, in general.Funds and stocks I’d target nowOne way to play the theme would be to buy exchange-traded UK-focused tracker funds. And it’s a decent option because I can get wide diversification across many underlying businesses. But I’d also focus on the shares of some individual companies and aim to buy at opportune moments.For example, I could invest in a bank, such as Natwest. And I’m tempted by the housebuilders on the London market, such as Barratt Developments. But I’d sweep my net wider and consider companies such as engineering firm Babcock International. And I’d run the calculator over cinema chain Cineworld as well as many others.Of course, the recovery from Covid may yet prove to be long and arduous. And businesses may not recover as quickly as I think they will. Investor enthusiasm for the stocks I’ve mentioned here may turn out to be misplaced or too early. Nevertheless, my plan is to buy stocks like these now and hold them for several years so that a full economic and trading recovery can materialise. When businesses are truly back on their feet, I hope their improved prospects will then be fully reflected in their share prices. I’m buying dirt-cheap UK shares like these for the stock market recovery Kevin Godbold has no position in any share mentioned. The Motley Fool UK has recommended Barclays. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.center_img Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” See all posts by Kevin Godboldlast_img read more

Which FTSE 100 stocks should I buy in March for my Stocks and Shares ISA?

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Which FTSE 100 stocks should I buy in March for my Stocks and Shares ISA? See all posts by Jonathan Smith I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” March is now upon us, as the first quarter of the year is almost complete. That means I’ve still got time before the ISA deadline in April to finish using my current year allocation. I’m putting all of this towards my Stocks and Shares ISA. Cash ISA rates are just not attractive enough for me, and I think I can outperform the 1.15% (the best I’ve seen) from my own FTSE 100 stock picks. I know that any gains I make from my stock picks when I sell them don’t incur capital gains tax within my ISA. So which FTSE 100 stocks should I buy?Growing interestThere’s no doubt that there has been a huge amount of interest from retail investors in financial markets over the past year. One business looking to benefit from this is St. James’s Place (LSE:SJT). The UK based wealth manager provides investment advice to clients, and holds their assets under management. As of the end of 2020, this asset figure stood at £123.9bn, a record for the business. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Net inflows for the year came in at £8.2bn, reflecting the surge in interest from both new and existing clients. On the basis of the strong performance, a dividend of 38p per share has been proposed. This is more interesting when I consider that the 2019 final dividend was withheld. I think the outlook for the FTSE 100 firm seems good for 2021 onwards. Continued volatility should represent an opportunity to generate more commissions from investments.The risk with SJP is the continued loss-making operations in Asia. This aspect of the business is not helping the overall group performance. For example, in 2019 and 2020, expenses exceeded income by around 5 times. The business expects a positive breakeven for Asia by 2025, but this is someway away.A traditional FTSE 100 stockBurberry (LSE:BRBY) is another FTSE 100 stock I’d look to buy in March. Although it’s a traditionally British fashion designer and manufacturer, I’d buy it for its focus on the Asian market. Asia is further along the curve than the UK or America with regards to its Covid-19 recovery. This was shown from the Q3 results, with full-price store sales in Asia up 11%. EMEA and the Americas were down, which dragged on results. However, it shows to me that the problem isn’t a lack of demand, but rather pandemic restrictions.This can also be backed up by online sales. Digital full-price sales grew by 50% in Q3, a great result. From here, I think the FTSE 100 stock is one to buy on lockdown easing measures. Should EMEA follow suit in opening Burberry stores later this summer, revenues should substantially increase, as in Asia.Concerns I have for the stock include the luxury fashion sector it operates in. Demand for luxury goods ebbs and flows and its ultra-luxury strategy, while it appears to be working, does leave it exposed to future downturns. It also needs to ensure that it works hard to maintain its appeal in a fickle fashion segment, and there’s currency risk too as it continues to focus on international growth. Meanwhile at home, there are fears that the end of the VAT retail export scheme could hurt its UK revenues when shopping tourism restarts post-pandemic.But it appears to me to be successfully navigating the turbulent waters it sails in so I’d buy it today.center_img Jonathan Smith | Monday, 1st March, 2021 | More on: BRBY STJ jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK has recommended Burberry. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. Enter Your Email Address Image source: Getty Images last_img read more

Blue House / Bruno Levy

first_img Year:  2015 Architects: Bruno Levy Area Area of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/901527/blue-house-bruno-levy Clipboard Blue House / Bruno Levy Save this picture!© Manuel Sá+ 34Curated by Pedro Vada Share “COPY” Blue House / Bruno LevySave this projectSaveBlue House / Bruno Levy “COPY” Manufacturers: Anhanguera, Fábio Miranda, Heliotek, MCG, Marmoraria Butantã, TeclineGeneral Contractor:Gessivaldo Silva dos SantosPlumbing And Electrical Engineering:Ramoska e CastellaniLandscape Design:By the clientsCity:ButantãCountry:BrazilMore SpecsLess SpecsSave this picture!© Manuel SáRecommended ProductsMetallicsTECU®Copper Surface – Classic CoatedWoodTechnowoodPergola SystemsPorcelain StonewareCeramiche KeopeCeramic Tiles – BackMetallicsKriskadecorMetal Fabric – Outdoor CladdingText description provided by the architects. Commissioned by a young couple and situated on a flat lot in São Paulo’s west side, the Blue House has generous and integrated spaces. The adoption of steel frame structure and precast slabs resulted in an increase of both efficiency and agility during construction. Columns and beams were used as part of the architectural concept as they show and hide in unusual ways. Sometimes they are hidden within the walls, as part of it, sometimes they are exposed, but set in an inner layer, behind windows and perimeter walls, permanently protected from the elements.Save this picture!© Manuel SáSave this picture!Section BSave this picture!© Manuel SáThe program emphasized the common areas. Dining and TV rooms and the double-ceiling height living area are all interconnected, facing the external L-shaped garden that surrounds the house. These rooms have also huge glass windows that allows for natural light and ventilation throughout the year. The service area is located at the front portion of the lot.Save this picture!© Manuel SáSave this picture!Lower Floor PlanSave this picture!© Manuel SáThe central stairs, hanging from the upper structure, is a striking visual element and acts also as the main level organizer: it gives access to both the private areas at the upper floor and the solarium on the roof. The office at ground floor level, without a view to the outside, is connected to its own interior garden which provides natural light and ventilation to the powder room, kitchen and main suite’s bathroom as well.Save this picture!© Manuel SáProject gallerySee allShow lessAD Classics: World Trade Center / Minoru Yamasaki Associates + Emery Roth & SonsArchitecture Classics25 Design Tips to Make Your Airbnb Listing Stand OutArticles Share Photographs:  Manuel Sá Manufacturers Brands with products used in this architecture project center_img CopyHouses•Butantã, Brazil ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/901527/blue-house-bruno-levy Clipboard Brazil Area:  222 m² Year Completion year of this architecture project Projects Photographs Houses ArchDaily CopyAbout this officeBruno LevyOfficeFollowProductsSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesButantãBrazilPublished on September 11, 2018Cite: “Blue House / Bruno Levy” [Casa Azul / Bruno Levy] 11 Sep 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogLouvers / ShuttersTechnowoodSunshade SystemsGlassMitrexSolar GreenhouseMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialCoffee tablesFlexformCoffee Table – GipsyCurtain WallsIsland Exterior FabricatorsPace Gallery Envelope SystemWoodSculptformTimber Battens in Double Bay HouseStonesCosentinoSilestone and Dekton in Villa OmniaBricksNelissenInner Wall Bricks – LückingPanels / Prefabricated AssembliesULMA Architectural SolutionsAir Facade PanelsWoodBlumer LehmannData Processing for Wood ProjectsEducational ApplicationsFastmount®Hidden Panel Fastener at Massey UniversitySealants / ProtectorsTOPCRETMicro-Coating – Baxab®More products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Giving 2 launches online shopping mall to benefit charities

first_img Howard Lake | 9 December 2008 | News Giving 2 has launched an online shopping site which will donate a percentage of all sales to its partner schools, churches and charities in the UK. It aims in particular to help smaller local charities.The site features over 100 retailers including Grattan, Halfords, Toys R Us, Comet, and Wicks.Users can earn up to 50% of the profit from every purchase for their chosen local group.Giving 2 claim that “the scheme is unlike any other local fundraising initiative and uses our shopping needs as a platform for giving”.National charities that will benefit include Cancer Research UK, Macmillan Cancer Support, Sue Ryder Care, and Barnado’s.www.giving2.co.uk AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Giving 2 launches online shopping mall to benefit charities About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.  12 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Digital Tradinglast_img read more

Violating Constitution, decree charges media for access to public information

first_img Receive email alerts News to go further Organisation May 14, 2021 Find out more News December 16, 2009 – Updated on January 20, 2016 Violating Constitution, decree charges media for access to public information TajikistanEurope – Central Asia News News A Tajik government decree charging privately-owned media for access to public information is “utterly grotesque,” Reporters Without Borders said today. Issued on 31 October, the decree “On the recovery by state institutions of the costs of presenting information” took effect on 19 November.“Having to pay for raw public information is a direct violation of the principles of transparency and free and equal access to information,” Reporters Without Borders said. “This confusing decree is contrary not only to international standards but also Tajikistan’s own laws.” The media were not consulted about the decree, which was not submitted to parliament and was not the subject of any debate. It concerns “all information in official documents” except state secrets and information involving individual citizens. According to government sources, a number of exceptions are envisaged, but the wording is very vague.Abdufato Vakhidov, a coordinator of the National Association of Independent Media (NANSMIT), told Reporters Without Borders: “The decree concerns all written information but not oral information.” All branches of the state are required to enforce it, including municipal services.Since the decree took effect a month ago, privately-owned media have been charged up to 25 somoni (4 euros) for each page of information. At the start of next month, the ceiling will increase to 35 somoni (5.50 euros), a sizable sum in a country in which the average monthly wage is 40 euros.Reporters Without Borders is perplexed by the decree’s unprecedented and loosely-worded provisions, which appear to contradict both Tajikistan’s constitution and its law “On the right of access to information.”“As it stands, the decree can only arouse great concern,” Reporters Without Borders said. “The very diverse interpretations in the local press reflect the confusion about its provisions and civil society’s mistrust of authorities that show little interest in giving the public unrestricted access to state information. Clarification is needed about the type of information concerned by the decree, which encourages corruption and unequal treatment of the media.”The decree’s retrograde nature is particularly serious in a country where good governance is badly lacking and the authorities should be doing everything possible to gain legitimacy in the public’s eyes. The introduction of charges provides additional scope for the corruption that is already endemic in Tajikistan, ranked 150th out of 179 countries in the Transparency International index.Article 2.13 of the decree stipulates that information continues to be free for the state-owned media, giving them an unfair advantage over the private media, which will either have to pay or limit themselves to tamely using government releases.When they receive a request for information, officials are supposed to respond within seven days but the decree says the period can be extended “if more time is needed to obtain requested information whose access is more difficult.” This flexibility could be a powerful weapon in the hands of officials who are reluctant to release information or who want to charge extra for “rapid processing.”The journalistic community’s concern, widely reflected in the media in recent weeks, was expressed again at a round-table organised in Dushanbe on 14 December with the support of the Organisation for Security and Cooperation in Europe.There is also concern about a proposed new media law that is due to be examined soon by the Tajik parliament. The bill’s content is not yet known but journalists point out that the existing media law can at least be invoked as grounds for claiming that the decree is illegal.Ranked 113th out of 175 countries in the latest Reporters Without Borders press freedom index, Tajikistan has been hit hard by the international economic crisis and is on the verge of bankruptcy. The country is propped up by remittances from emigrant workers and funding from international bodies.Access to information is a particularly important issue in the run-up to parliamentary elections scheduled for 21 February.(Photo : RFE/RL) center_img Follow the news on Tajikistan #CollateralFreedom: RSF unblocks eight sites censored during pandemic RSF_en Help by sharing this information Tajikistan imposes total control over independent broadcast media TajikistanEurope – Central Asia November 6, 2020 Find out more Journalist loses accreditation over report about Tajikistan’s president August 25, 2020 Find out morelast_img read more

BCI Directs BCD To Examine Prashant Bhushan’s Tweets And SC Judgemnt Convicting Him For Proceeding Under Advocates Act & BCI Rules For Misconduct [Read Press Note]

first_imgTop StoriesBCI Directs BCD To Examine Prashant Bhushan’s Tweets And SC Judgemnt Convicting Him For Proceeding Under Advocates Act & BCI Rules For Misconduct [Read Press Note] LIVELAW NEWS NETWORK4 Sep 2020 3:54 AMShare This – xThe Bar Council of India has resolved that it is necessary to examine the tweets and statements made Advocate Shri Prashant Bhushan, that led to his conviction under the criminal contempt proceedings instituted suo moto by the Supreme Court. In a meeting of the General Council of the BCI on September 3, it has been decided that Mr. Bhushan’s statements need to be examined in light…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Bar Council of India has resolved that it is necessary to examine the tweets and statements made Advocate Shri Prashant Bhushan, that led to his conviction under the criminal contempt proceedings instituted suo moto by the Supreme Court. In a meeting of the General Council of the BCI on September 3, it has been decided that Mr. Bhushan’s statements need to be examined in light of Section 24A (Disqualification for enrolment) and Section 35 (Punishment of advocates for misconduct) of the Advocates Act, 1961 and Chapter-II, Part-VI (Standards of Professional Conduct and Etiquette) of Bar Council of India Rules. “The Council is of the view that the tweets and statements made by Shri Prashant Bhushan, Advocate and the Judgment of the Hon’ble Supreme Court of India needs thorough study and examination by the Bar Council in the light of the statutory duties, powers and functions conferred on it under the Advocates’ Act, 1961 and the rules framed thereunder, particularly, Section-24A and Section-35 of the Advocates Act, 1961 and Chapter-II, Part-VI of Bar Council of India Rules,” a press note issued to this effect states. The Council has therefore directed the Bar Council of Delhi, where Mr. Bhushan is enrolled as an Advocate, to examine the matter and proceed as per law and rules. It has been directed that a decision thereon be take, as expeditiously as possible. On August 14, a 3-judge bench of the Supreme Court had held Bhushan guilty of contempt of court for his tweets against the SC and the Chief Justices of India. He was heard on sentence on August 20, whereby he was granted time to reflect upon his statements and tender an unconditional apology. However, after Mr. Bhushan stood firm on his statements, the Supreme Court sentenced him to pay a fine of Rupee One, vide order dated August 31. It was clarified that on failure to pay the said amount, he shall have to undergo imprisonment for three months and will be debarred from practice in SC for three years. Click Here To Download Press Note Read Press Note Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

MOTHER’S DAY: THE UNTOLD STORY

first_imgMy personal guess would be “I love you, Mom, but… ”I see you nodding in recognition.——Moms give us life.–They nurture us.–They see us through times of injury and illness.–They inspire us with a slice of their own indomitable spirit.–But mothers also know how to push all our buttons and drive us crazy.The stories about motherly micro-management of wearing clean underwear for ambulance rides, digesting lunch before swimming, jumping off a bridge, etc. are legendary.–I’m sure when witches were being burned at the stake, there was a mother admonishing her hapless daughter, “Don’t forget to wear your sweater!”We put up with the micro-management because the self-sacrifice of mothers makes us feel guilty.–(“Go on to your rock concert with your friends.–I have the symphony of your father’s snoring to keep me company.–One two three&Layla, you’ve got me on my knees, Layla&”)–A good mother is there with time, money, and unconditional love.–You know your mom would gladly give you the shirt off her back, her last dollar, or even a transplant organ.–(“Thanks, Ma, but the offer of an ovary is creeping me out.–Signed, your son, Johnny.”)Of course mothers do have their differences.–Some can’t wait to experience “empty nest syndrome.”–My own mother, on the other hand, has always had problems cutting the apron strings for me and my brother.–I’m glad that I live only 10 minutes from my mother’s house and have given her a daughter-in-law and grandson that she can be proud of, but I think the original plan was for me to move next door, work from home, and reproduce by splitting in half.My mother’s reminiscences are just a little too wistful.–I’ve lost track of how many times she has used the phrase “you were just babies” when recounting some anecdote.–My brother and I were allegedly just babies when we started to school, started to shave, got a driver’s license, etc.–I vaguely recall that when I was younger her stories went more like “I remember when you took your first step – you were just an embryo.”My mother still is obsessed with straightening my collar, but at least she no longer makes public proclamations about how much crotch room I have in my new pants.–On the other hand, she still has a U.S. Census to look forward to in a couple of years.–(“Wait – you didn’t ask a single question about how old Danny and Dwight were when they were weaned!”)——FacebookTwitterCopy LinkEmailSharelast_img read more

N.J.’s Lighthouse Challenge to Showcase Historic Life-Saving Station

first_imgA new sign designates the historic Life-Saving Station in Ocean City, which opens its doors this weekend for a special tour.(Photo courtesy U.S. Life-Saving Station 30 Facebook Page) By MADDY VITALEThe Ocean City Life-Saving Station 30 has been closed for all but small, private tours due to the restrictions of the COVID-19 pandemic.But this weekend, from 10 a.m. to 3 p.m. both Saturday and Sunday, the museum will open its doors for the Lighthouse Challenge.The event will give visitors once again a glimpse back into the building, where re-creations of maritime life, artifacts and reproductions tell a tale of those who risked their lives to save others in the early part of the 20th century.The Life-Saving Station museum, at the corner of Fourth Street and Atlantic Avenue, is part of New Jersey’s Lighthouse Challenge, and during the annual event visitors may tour the state’s historic lighthouses and museums, which will raise funds for preservation and restoration.John Loeper, a local historian who serves as chairman of the Ocean City museum, said he is looking forward to showcasing some of the new pieces to the Life-Saving Station and also some new facts uncovered through research over the past year.An old-fashioned tea set is among the décor at the Ocean City Life-Saving Station. (Photo courtesy of Ocean City Life-Saving Station Facebook Page)“We have some new items that we have gotten over the course of the year. We are excited to have the museum opened again,” Loeper said. “We have a lot of small things we have gotten this year. We have been doing a lot of research.”He emphasized that the building will be wide open to create an open-air environment that will protect visitors from the spread of COVID-19.“All the doors and all the windows will be open. Masks will be required and six-foot distancing,” Loeper said. “We are also limiting the number of people, so it does not get overcrowded. It’s a building that can safely be opened.”One of the volunteers will be at a table protected by a plastic shield, where people may make donations to the museum.Loeper noted that more than ever, especially with the lengthy closing of the museum due to restrictions of the pandemic, donations are greatly appreciated. The museum has been closed to the public during the coronavirus crisis except for small, private family tours.The Life-Saving Station building dates back to 1885 and is one of a few surviving examples of life-saving stations in the country. A forerunner to the U.S. Coast Guard, the U.S. Life-Saving Service was responsible for rescuing the passengers and crew from the many shipwrecks that occurred in the late 1800s and early 1900s in the busy shipping lanes along the East Coast.Ocean City’s station was occupied by the Life-Saving Service until 1915. The Coast Guard took over then and continued to use it for life-saving operations until the 1940s.A succession of owners had it as their private home for decades before the city bought it in 2010. While the building dates back to the late 1800s, the museum re-creates the life-saving station’s prime period, around 1900 or 1905.One of the biggest and perhaps most impressive new pieces that will be on display for history buffs at the museum is a surf boat.A look at the 17-foot surf boat acquired by the Life-Saving Station museum. (Photo credit: Fred Miller)In August, the museum acquired a 17-foot, 65-year-old Seabright skiff, commonly known as a surf boat. It is of the smaller surf boat variety, but of the same design dating back to the 1850s as that used by the men in the Life-Saving Station.Other interesting pieces that add to the museum’s collection of artifacts are two original axes that were in surf boats and used by surf men in their rescue efforts.Throughout the year, Loeper and some volunteers, spent their time digging deeper into the history of the Life-Saving Station.“We know the second Life-Saving in New Jersey was built on this site in 1852,” Loeper said of some new information they discovered about the location of the original Ocean City station.“What that does for us now is, it opens up a whole other pile of research,” he added.For more information, visit the Facebook page to find out more about the U.S. Life-Saving Station 30 in Ocean City.The Life-Saving Station is filled with re-creations that highlight the lives of the surf men.last_img read more