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Empty roads and vacant workplaces due to the coronavirus outbreak mean
fewer cars on the road, fewer fender benders and fewer insurance
claims.To get more auto finance news, you can visit shine news official website.
Attorney General Maura Healey's office wants auto insurers to return their windfall to businesses that have been especially hard hit.
In a letter to state Insurance Commissioner Gary Anderson, Healey's office calls on regulators to direct commercial auto insurers to reduce premiums for owners of taxi cabs, limousines, school bus companies, van pools and other businesses that operate fleets of vehicles "commensurate" with the drop in claims.
"Without a reduction, Massachusetts businesses will be overpaying for this insurance at a time when many are already in difficult economic circumstances as a result of the national emergency," wrote Glenn Kaplan, chief of the attorney general's Insurance and Financial Services Division.
Kaplan notes that some insurers have been providing rate relief but only on an "ad hoc" basis. He asked regulators to "level the playing field" by requiring all commercial insurers to reduce premiums.
"This reduction should remain in effect until the substantial reduction in exposure to loss ends," he wrote.
Healey said businesses have been hit especially hard during the pandemic, and state regulators should be taking steps to ease their financial burden.
"These businesses deserve to pay fair rates and not be overcharged during this difficult time," she said in a statement.
Stay-at-home orders mean many taxis, limousines companies and other commercial fleet operators are driving less, resulting in fewer crashes and claims.
Some estimates suggest traffic around the state — even in Greater Boston — has been reduced by more than 50% since the outbreak began.
Many private auto insurers have been touting rebates and discounts for individual policyholders, ranging from 10% to 30%, to reflect the decline in claims.
Several other states, including New Jersey and California, have directed commercial insurers to reduce their rates to reflect lower risks amid the pandemic.
Kaplan said there are other steps auto insurers can take to lessen the impact on businesses, such as allowing companies to purchase lower-cost coverage when the terms of current policies expire.
"It is important that we do all we can to assist policyholders during the pandemic and ensure that the cost of their insurance reflects the true risk of loss," he wrote.
Christian M. Wade covers the Massachusetts Statehouse for North of Boston Media Group’s newspapers and websites.
Attorney General Maura Healey's office wants auto insurers to return their windfall to businesses that have been especially hard hit.
In a letter to state Insurance Commissioner Gary Anderson, Healey's office calls on regulators to direct commercial auto insurers to reduce premiums for owners of taxi cabs, limousines, school bus companies, van pools and other businesses that operate fleets of vehicles "commensurate" with the drop in claims.
"Without a reduction, Massachusetts businesses will be overpaying for this insurance at a time when many are already in difficult economic circumstances as a result of the national emergency," wrote Glenn Kaplan, chief of the attorney general's Insurance and Financial Services Division.
Kaplan notes that some insurers have been providing rate relief but only on an "ad hoc" basis. He asked regulators to "level the playing field" by requiring all commercial insurers to reduce premiums.
"This reduction should remain in effect until the substantial reduction in exposure to loss ends," he wrote.
Healey said businesses have been hit especially hard during the pandemic, and state regulators should be taking steps to ease their financial burden.
"These businesses deserve to pay fair rates and not be overcharged during this difficult time," she said in a statement.
Stay-at-home orders mean many taxis, limousines companies and other commercial fleet operators are driving less, resulting in fewer crashes and claims.
Some estimates suggest traffic around the state — even in Greater Boston — has been reduced by more than 50% since the outbreak began.
Many private auto insurers have been touting rebates and discounts for individual policyholders, ranging from 10% to 30%, to reflect the decline in claims.
Several other states, including New Jersey and California, have directed commercial insurers to reduce their rates to reflect lower risks amid the pandemic.
Kaplan said there are other steps auto insurers can take to lessen the impact on businesses, such as allowing companies to purchase lower-cost coverage when the terms of current policies expire.
"It is important that we do all we can to assist policyholders during the pandemic and ensure that the cost of their insurance reflects the true risk of loss," he wrote.
Christian M. Wade covers the Massachusetts Statehouse for North of Boston Media Group’s newspapers and websites.
Chinese search engine giant Baidu Inc forecast second-quarter revenue
above expectations on Monday, as businesses reopen in the world's
second-largest economy after strict lockdowns to curb the spread of the
coronavirus.To get more China economy news, you can visit shine news official website.
Baidu's U.S.-listed shares jumped 8% in extended trading after the company also reported a smaller-than-expected drop in first-quarter revenue and easily beat profit estimates.
China's stalled economy is starting up much earlier than Europe and the United States, which are easing restrictions gradually as they struggle with high reported infections and deaths from COVID-19, a disease caused by the novel coronavirus.
Baidu forecast current-quarter revenue between 25.0 billion yuan and 27.3 billion yuan, while analysts on average had expected 25.55 billion yuan.
The company said daily active users for Baidu App surged 28% in March to hit the 222 million mark.
"This performance is encouraging, as it shows that the worst stretch is likely over for Chinese internet companies as the economy slowly gets back to its feet and the digital ad market revives," said Haris Anwar, senior analyst at financial markets platform Investing.com.
Revenue from Baidu's online marketing services business, which includes search, news feeds and video apps and is a major contributor to overall sales, tumbled 19% to 14.24 billion yuan in the first quarter ended March 31.
Total revenue declined about 7% to 22.55 billion yuan (2.6 billion pounds), but beat estimate of 21.93 billion yuan.
Baidu in February estimated revenue between 21 billion yuan and 22.9 billion yuan.
Subscribers for the company's iQIYI — a Netflix-like video service — climbed 23% to 118.9 million, benefiting from stay-at-home orders. Revenue rose 9% but net loss attributable to the company widened to 2.87 billion yuan from 1.81 billion yuan.
On an adjusted basis, Baidu earned 8.84 yuan per American depository share, above expectation of 3.99 yuan per ADS, according to IBES data from Refinitiv.
($1 = 7.1086 Chinese yuan renminbi)
(Reporting by Akanksha Rana in Bengaluru and Yingzhi Yang in Beijing; Editing by Krishna Chandra Eluri and Sriraj Kalluvila)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Baidu's U.S.-listed shares jumped 8% in extended trading after the company also reported a smaller-than-expected drop in first-quarter revenue and easily beat profit estimates.
China's stalled economy is starting up much earlier than Europe and the United States, which are easing restrictions gradually as they struggle with high reported infections and deaths from COVID-19, a disease caused by the novel coronavirus.
Baidu forecast current-quarter revenue between 25.0 billion yuan and 27.3 billion yuan, while analysts on average had expected 25.55 billion yuan.
The company said daily active users for Baidu App surged 28% in March to hit the 222 million mark.
"This performance is encouraging, as it shows that the worst stretch is likely over for Chinese internet companies as the economy slowly gets back to its feet and the digital ad market revives," said Haris Anwar, senior analyst at financial markets platform Investing.com.
Revenue from Baidu's online marketing services business, which includes search, news feeds and video apps and is a major contributor to overall sales, tumbled 19% to 14.24 billion yuan in the first quarter ended March 31.
Total revenue declined about 7% to 22.55 billion yuan (2.6 billion pounds), but beat estimate of 21.93 billion yuan.
Baidu in February estimated revenue between 21 billion yuan and 22.9 billion yuan.
Subscribers for the company's iQIYI — a Netflix-like video service — climbed 23% to 118.9 million, benefiting from stay-at-home orders. Revenue rose 9% but net loss attributable to the company widened to 2.87 billion yuan from 1.81 billion yuan.
On an adjusted basis, Baidu earned 8.84 yuan per American depository share, above expectation of 3.99 yuan per ADS, according to IBES data from Refinitiv.
($1 = 7.1086 Chinese yuan renminbi)
(Reporting by Akanksha Rana in Bengaluru and Yingzhi Yang in Beijing; Editing by Krishna Chandra Eluri and Sriraj Kalluvila)
This story has not been edited by Firstpost staff and is generated by auto-feed.
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Brokers on the forex market always strive to present their clients a
perfect image, but sometimes such a flawless image may turn out to be a
lie. Recently, Mr. Liu told WikiFX about how ATRI, a deceptive illegal
broker, had rejected his withdrawal and suspended his trading account
for no reason.To get more news about ATRI, you can visit WikiFX news official website.
This August, Mr. Liu was introduced to ATRI by an IB and started investment on the platform. Though still young and not very experienced, Mr. Liu still made considerable profits within a month through his keen sense about the market trend. Yet when he applied to withdraw part of the fund, the illegal broker‘s risk control department suspended his account for alleged violation of platform’s restrictions, apparently not willing to let Mr. Liu claim his investment profits.
Not only couldn‘t Mr. Liu take his profits, he wasn’t even able to withdraw the initial deposit. After that, he contacted the broker‘s IB agent for several times, but the latter offered no concrete solution besides prevarications and soon stopped answering his questions altogether. Up till now, Mr. Liu’s account remains unavailable and he still cant withdraw his money.
After receiving Mr. Liu‘s report, WikiFX checked ARTI’s official website and its regulatory information and found the following 2 aspects that appeared suspicious.
Firstly, the brokers official website has both English and Chinese versions, but we noticed that the Chinese version claims the broker has NFA regulation, while the same information was missing from the English version.When looking at ATRI‘s website, we noticed that it has made great efforts to impress investors as a compliant and strong broker. The broker claims to be a settlement member of prestigious global exchanges such as CME(Chicago Mercantile Exchange) and NYMEX(New York Mercantile Exchange), while boasting other highlights such as MT4 trading software and fixed spread. Fooled by the sense of superiority created by such false claims, inexperienced investors like Mr. Liu often end up suffering heavy losses from the illegal broker’s trap. But the false regulatory information reveals more about ATRIs real status than any of its deceptive self-proclaimed advantages.
Therefore, investors need to verify and cross-check a broker‘s profile through multiple sources to ensure it’s truly compliant and credible. Do not rely solely on information from brokers official site or advertisements.
Conclusion
According to WikiFX App, ATRI which is currently unregulated has been in business for less than a year and uses white-label MT4/5 trading software. The broker is rated at only 1.68 on WikiFX App, bearing significant risks, and WikiFX reminds investors to stay away from it.
This August, Mr. Liu was introduced to ATRI by an IB and started investment on the platform. Though still young and not very experienced, Mr. Liu still made considerable profits within a month through his keen sense about the market trend. Yet when he applied to withdraw part of the fund, the illegal broker‘s risk control department suspended his account for alleged violation of platform’s restrictions, apparently not willing to let Mr. Liu claim his investment profits.
Not only couldn‘t Mr. Liu take his profits, he wasn’t even able to withdraw the initial deposit. After that, he contacted the broker‘s IB agent for several times, but the latter offered no concrete solution besides prevarications and soon stopped answering his questions altogether. Up till now, Mr. Liu’s account remains unavailable and he still cant withdraw his money.
After receiving Mr. Liu‘s report, WikiFX checked ARTI’s official website and its regulatory information and found the following 2 aspects that appeared suspicious.
Firstly, the brokers official website has both English and Chinese versions, but we noticed that the Chinese version claims the broker has NFA regulation, while the same information was missing from the English version.When looking at ATRI‘s website, we noticed that it has made great efforts to impress investors as a compliant and strong broker. The broker claims to be a settlement member of prestigious global exchanges such as CME(Chicago Mercantile Exchange) and NYMEX(New York Mercantile Exchange), while boasting other highlights such as MT4 trading software and fixed spread. Fooled by the sense of superiority created by such false claims, inexperienced investors like Mr. Liu often end up suffering heavy losses from the illegal broker’s trap. But the false regulatory information reveals more about ATRIs real status than any of its deceptive self-proclaimed advantages.
Therefore, investors need to verify and cross-check a broker‘s profile through multiple sources to ensure it’s truly compliant and credible. Do not rely solely on information from brokers official site or advertisements.
Conclusion
According to WikiFX App, ATRI which is currently unregulated has been in business for less than a year and uses white-label MT4/5 trading software. The broker is rated at only 1.68 on WikiFX App, bearing significant risks, and WikiFX reminds investors to stay away from it.
Although major events in 2019 such as international trade tensions and
Brexit have hit the global forex market, causing fluctuation in some
currency pairs, the general volatility of G10 currencies year to date
has been significantly lower than previous years. Unless December sees
some serious“black swan events”, the forex market may experience its
lowest volatility since 1996 in this year.To get more news about WikiFX, you can visit WikiFX news official website.
Volatility of the forex market with a US$5.1 trillion daily turnover has been subdued, while multiple factors will make it difficult for the USD index to maintain its strong momentum in 2020. USDX will probably fluctuate between 95-98 throughout 2020, and will be more likely to weaken due to uncertainties in international trade outlook, global economic slowdown and remaining possibility of US Federal Reserve rate cut.
Volatility of the forex market with a US$5.1 trillion daily turnover has been subdued, while multiple factors will make it difficult for the USD index to maintain its strong momentum in 2020. USDX will probably fluctuate between 95-98 throughout 2020, and will be more likely to weaken due to uncertainties in international trade outlook, global economic slowdown and remaining possibility of US Federal Reserve rate cut.
Have you or your friends ever experienced any of the
above-mentioned circumstances？ Maybe you remained silent and decided to
give up any further attempt to recover your funds, or perhaps you took
the broker‘s words and believed that it was simply a temporary breakdown
of the third-party channel that blocked your withdrawal？ Perhaps you
hadn’t lost the faint hope that you may eventually receive your money
after waiting for a few days or a few months, or have you heard the
broker had escaped and thought you could do nothing about the
situation？To get more news about Davinci, you can visit WikiFX news official website.
Mr. Xiao’s real-name complaint against Davinci
In the recent few days, WikiFX has received over 30 complaints against the forex broker Davinci from investors. Mr. Xiao is among the victims of the scam, and he told WikiFX that he didn‘t receive the fund withdrawn from Davinci after waiting for a long time. At first he thought it was because he didn’t follow the right procedures, so he filled out the withdrawal application form as the customer service told him, but he still couldn‘t receive the money, while the broker’s customer service eventually stopped replying to his inquiries of the matter. According to WikiFX App, the forex broker Davinci is rated at only 1.89. Information shows the broker is registered in Hong Kong and with its current NFA(US) license No.0514866, it operates in overrun business. WikiFX has labeled it as a heavily complained broker to warn investors against it.
As a leading forex media, WikiFX sticks to the truth and bravely stands up for investors rights in face of the numerous forex brokers of mixed qualities. We have recorded detailed information of over 14,000 brokers in 30 countries, including past scandals of illegal brokers. Our investor-right-protection team is experienced in handling withdrawal failure, unjustified losses and IB scams, and we will do our best to restore your defrauded assets. You may download WikiFX App and register to become a WikiFX VIP member, and get professional assistance in recovering the lost funds.
Mr. Xiao’s real-name complaint against Davinci
In the recent few days, WikiFX has received over 30 complaints against the forex broker Davinci from investors. Mr. Xiao is among the victims of the scam, and he told WikiFX that he didn‘t receive the fund withdrawn from Davinci after waiting for a long time. At first he thought it was because he didn’t follow the right procedures, so he filled out the withdrawal application form as the customer service told him, but he still couldn‘t receive the money, while the broker’s customer service eventually stopped replying to his inquiries of the matter. According to WikiFX App, the forex broker Davinci is rated at only 1.89. Information shows the broker is registered in Hong Kong and with its current NFA(US) license No.0514866, it operates in overrun business. WikiFX has labeled it as a heavily complained broker to warn investors against it.
As a leading forex media, WikiFX sticks to the truth and bravely stands up for investors rights in face of the numerous forex brokers of mixed qualities. We have recorded detailed information of over 14,000 brokers in 30 countries, including past scandals of illegal brokers. Our investor-right-protection team is experienced in handling withdrawal failure, unjustified losses and IB scams, and we will do our best to restore your defrauded assets. You may download WikiFX App and register to become a WikiFX VIP member, and get professional assistance in recovering the lost funds.
US Federal Reserve will soon release the minutes for October‘s monetary
policy meeting, which had directly led to the Fed’s third rate cut in
the year- an action much in line with the market‘s general expectations.
On the other hand, the Fed has removed “taking appropriate action to
maintain economic expansion” from the interest rate statement. The
expression has been in the interest rate statement since June, paving
the way for the Fed’s rate cuts. Given that the US economy has rallied
more than the market had expected, this change of wording suggests that
the threshold for a further rate cut is very high.To get more news about
WikiFX, you can visit WikiFX news official website.
On November 13th (EST), the US Federal Reserve Chair Powell once again emphasized his optimism about the US economy. He said, “sustained expansion of economic activity, a strong labor market, and inflation near our symmetric 2% objective as most likely.” At the same time, Powell also admitted that uncertainties in the trade sector continue to plague US corporate confidence and business investment, while foreign economic slowdown can also hinder US growth. Policymakers will closely observe all types of economic data to see whether they remain in line with market expectation.
In addition, the Fed is not worried about inflation. Although Powell still believes that the inflation rate is close to the 2% target set by the Fed, it is clear that the historical model of the relationship between price and the weak job market no longer prevail. The Fed used to consider a 5% unemployment rate was almost full employment, but now economists must admit that the US economy can operate at a much lower unemployment rate.
Besides the Federal decision of interest rate cut announced at the end of October, several key indicators are being released in the US recently: The core CPI rose 0.2%, in line with expectations; PPI rose 0.4%, higher than the expected 0.3%... a series of breakthroughs in important economic data indicate the US economy is rallying, and Fed officials are generally optimistic about the countrys economic situation. Survey data showed that the market estimates a 96% probability for the Fed to hold interest rate unchanged, the remaining 4% implied odds are for 25 basis points.
With the release of the Fed‘s meeting minutes at the corner, what’s your view about the monetary policy in the future？ Stay tuned as WikiFX presents you more forex dynamics and market trend analysis that add to your investment success.
On November 13th (EST), the US Federal Reserve Chair Powell once again emphasized his optimism about the US economy. He said, “sustained expansion of economic activity, a strong labor market, and inflation near our symmetric 2% objective as most likely.” At the same time, Powell also admitted that uncertainties in the trade sector continue to plague US corporate confidence and business investment, while foreign economic slowdown can also hinder US growth. Policymakers will closely observe all types of economic data to see whether they remain in line with market expectation.
In addition, the Fed is not worried about inflation. Although Powell still believes that the inflation rate is close to the 2% target set by the Fed, it is clear that the historical model of the relationship between price and the weak job market no longer prevail. The Fed used to consider a 5% unemployment rate was almost full employment, but now economists must admit that the US economy can operate at a much lower unemployment rate.
Besides the Federal decision of interest rate cut announced at the end of October, several key indicators are being released in the US recently: The core CPI rose 0.2%, in line with expectations; PPI rose 0.4%, higher than the expected 0.3%... a series of breakthroughs in important economic data indicate the US economy is rallying, and Fed officials are generally optimistic about the countrys economic situation. Survey data showed that the market estimates a 96% probability for the Fed to hold interest rate unchanged, the remaining 4% implied odds are for 25 basis points.
With the release of the Fed‘s meeting minutes at the corner, what’s your view about the monetary policy in the future？ Stay tuned as WikiFX presents you more forex dynamics and market trend analysis that add to your investment success.
Step right up, lottery lovers. The game’s exciting nature seems to get
more accessible and thrilling every year! We’re addicted to it. And who
can blame us? Each time you buy a ticket, you’re filled with the hope of
what if… Somebody must win. They always do. And why not you?Get more
news about 菲律宾彩票包网平台,you can vist loto98.com
But you may be wondering about online lottery tickets in the USA. There’s so much on the web these days. What’s legit, and what’s not?
Can I buy lottery tickets online? And is it legal to buy US lottery tickets online? If you’re curious about either of these topics, stick around. It can get confusing with different state regulations, but we hope to make it a bit simpler for you today.
So, can you play the lottery online? Most states still do require that you purchase your lotto tickets in person at an authorized retailer. But there are a few states moving into the online realms of sales. And interest is still growing. So, you may see more opportunities to play online in the near future!
Can Lottery Tickets Be Purchased Online Safely?
Can I play the lottery online safely? The United States government goes to great lengths to ensure online tickets and information are protected. Billions of dollars are spent on lottery tickets every year in this country. It’s important that all tickets are valid.
Online sales, as well as retailer sales, are heavily regulated. The potential for fraudulent tickets is extraordinary, so precautions are taken.
Because hackers and scam artists could take advantage of the online system, many states prohibit the sales of online lottery tickets. And even if it’s not illegal, there are many restrictions in place.
Is It Legal to Buy Lottery Tickets Online Through a Proxy?
With some states like California and Texas, you can turn to an online service. Essentially, you’re paying someone else to get your ticket. But risks are included in the deal.
You’ll find that some states don’t accept winning tickets when they’re purchased in this manner. Always double-check online rules. When in doubt, buy your own lottery tickets at a retail counter.
Is it Legal to Sell Lottery Tickets Online?
Only authorized retailers may do so. And they must do so within a state that approves of online lotto sales. Otherwise, it’s a federal crime to sell or resell lottery tickets online.
But you may be wondering about online lottery tickets in the USA. There’s so much on the web these days. What’s legit, and what’s not?
Can I buy lottery tickets online? And is it legal to buy US lottery tickets online? If you’re curious about either of these topics, stick around. It can get confusing with different state regulations, but we hope to make it a bit simpler for you today.
So, can you play the lottery online? Most states still do require that you purchase your lotto tickets in person at an authorized retailer. But there are a few states moving into the online realms of sales. And interest is still growing. So, you may see more opportunities to play online in the near future!
Can Lottery Tickets Be Purchased Online Safely?
Can I play the lottery online safely? The United States government goes to great lengths to ensure online tickets and information are protected. Billions of dollars are spent on lottery tickets every year in this country. It’s important that all tickets are valid.
Online sales, as well as retailer sales, are heavily regulated. The potential for fraudulent tickets is extraordinary, so precautions are taken.
Because hackers and scam artists could take advantage of the online system, many states prohibit the sales of online lottery tickets. And even if it’s not illegal, there are many restrictions in place.
Is It Legal to Buy Lottery Tickets Online Through a Proxy?
With some states like California and Texas, you can turn to an online service. Essentially, you’re paying someone else to get your ticket. But risks are included in the deal.
You’ll find that some states don’t accept winning tickets when they’re purchased in this manner. Always double-check online rules. When in doubt, buy your own lottery tickets at a retail counter.
Is it Legal to Sell Lottery Tickets Online?
Only authorized retailers may do so. And they must do so within a state that approves of online lotto sales. Otherwise, it’s a federal crime to sell or resell lottery tickets online.
Even an order from Chief Medical Officer Dr. Janice Fitzgerald can’t
stop people’s thirst for lottery tickets.Get more news about 彩票包网平台,you can vist loto98.com
The province prohibited the sale of scratch and break open tickets in stores as of March 30 in an effort to limit the spread of the COVID-19 virus, but since the pandemic began, online lottery sales at alc.ca have increased by roughly five times, according to Atlantic Lottery Corporation CEO Chris Keevill.
Keevill said despite that “quite striking” jump online, overall sales have still decreased 10 per cent.
“The Atlantic Lottery business has seen a drop, but not nearly as far as many of the other lotteries across Canada. So, we’ve seen a dip, but not as deep a dip. And one of the reasons, probably the primary reason for that, is Atlantic Lottery has quite a robust digital platform,” said Keevill.
“It’s a more developed e-commerce platform for buying your 6/49 or Lotto Max ticket, check your winning numbers, or play a number of digital instant games that are available for play on alc.ca. So, because of that, we’ve seen a big jump in the sign-up for customers on alc.ca, and we’ve seen a big lift in our online sales. So, that has made up for a lot of the dip in the traditional retail space.”At alc.ca, people can create an account and buy tickets through a subscription. All of the major draw games are available on the website, as well as digital instant games which are comparable to scratch tickets except in digital form.
Keevill said the digital transformation of the gaming business for Atlantic Lottery has been in the works for roughly five years, but the pandemic has accelerated it “with everyone at home, and having the opportunity to sign up online,” he explained.
“Atlantic Lottery’s a bit fortunate because before my time, the people that came before me had the foresight to build quite a robust e-commerce platform in the business, and we lead the country in that regard, in fact.
“And so that’s what’s allowed us to keep more of our business during the pandemic when compared to the lotteries in other parts of the country who have seen much greater declines because they weren’t able to make it up on the digital side.”
He said the growth in online sales during the pandemic has given Atlantic Lottery encouragement and confidence to invest more assertively in its digital games.
The 10 per cent slump, however, means less money coming back to the provincial coffers.
Atlantic Lottery brings in hefty amounts for the Atlantic provincial government shareholders. For example, according to alc.ca, in 2018-2019 Atlantic Lottery returned $422.2 million to provincial governments.
The breakdown by province was $138.6 million for Nova Scotia, $130 million for New Brunswick, $135.4 million for Newfoundland and Labrador, and $18.3 million for Prince Edward Island.
“There’s no doubt there’s going to be, in the short term, less to offer back to the province,” said Keevill.
“But we are encouraged that the players are migrating to this new (online) platform, and we certainly have every intention to get back on track to provide the funds that are important to the province.”
Newfoundland and Labrador had the only government-mandated suspension of lottery sales in Atlantic Canada, but some retailers made the decision to discontinue lottery sales anyway, such as Sobeys and Loblaw. However, within the last week, many such retailers have reopened their lottery sales.
The province prohibited the sale of scratch and break open tickets in stores as of March 30 in an effort to limit the spread of the COVID-19 virus, but since the pandemic began, online lottery sales at alc.ca have increased by roughly five times, according to Atlantic Lottery Corporation CEO Chris Keevill.
Keevill said despite that “quite striking” jump online, overall sales have still decreased 10 per cent.
“The Atlantic Lottery business has seen a drop, but not nearly as far as many of the other lotteries across Canada. So, we’ve seen a dip, but not as deep a dip. And one of the reasons, probably the primary reason for that, is Atlantic Lottery has quite a robust digital platform,” said Keevill.
“It’s a more developed e-commerce platform for buying your 6/49 or Lotto Max ticket, check your winning numbers, or play a number of digital instant games that are available for play on alc.ca. So, because of that, we’ve seen a big jump in the sign-up for customers on alc.ca, and we’ve seen a big lift in our online sales. So, that has made up for a lot of the dip in the traditional retail space.”At alc.ca, people can create an account and buy tickets through a subscription. All of the major draw games are available on the website, as well as digital instant games which are comparable to scratch tickets except in digital form.
Keevill said the digital transformation of the gaming business for Atlantic Lottery has been in the works for roughly five years, but the pandemic has accelerated it “with everyone at home, and having the opportunity to sign up online,” he explained.
“Atlantic Lottery’s a bit fortunate because before my time, the people that came before me had the foresight to build quite a robust e-commerce platform in the business, and we lead the country in that regard, in fact.
“And so that’s what’s allowed us to keep more of our business during the pandemic when compared to the lotteries in other parts of the country who have seen much greater declines because they weren’t able to make it up on the digital side.”
He said the growth in online sales during the pandemic has given Atlantic Lottery encouragement and confidence to invest more assertively in its digital games.
The 10 per cent slump, however, means less money coming back to the provincial coffers.
Atlantic Lottery brings in hefty amounts for the Atlantic provincial government shareholders. For example, according to alc.ca, in 2018-2019 Atlantic Lottery returned $422.2 million to provincial governments.
The breakdown by province was $138.6 million for Nova Scotia, $130 million for New Brunswick, $135.4 million for Newfoundland and Labrador, and $18.3 million for Prince Edward Island.
“There’s no doubt there’s going to be, in the short term, less to offer back to the province,” said Keevill.
“But we are encouraged that the players are migrating to this new (online) platform, and we certainly have every intention to get back on track to provide the funds that are important to the province.”
Newfoundland and Labrador had the only government-mandated suspension of lottery sales in Atlantic Canada, but some retailers made the decision to discontinue lottery sales anyway, such as Sobeys and Loblaw. However, within the last week, many such retailers have reopened their lottery sales.
Wuhan reported its first cluster of coronavirus infections since a
lockdown on the city, the epicentre of the outbreak in China, was lifted
a month ago, stoking concerns of a wider resurgence.To get more news
about coronavirus wuhan, you can visit shine news official website.
The five new confirmed cases, all from the same residential compound, come amid efforts to ease restrictions across China as businesses restart and individuals get back to work.New confirmed cases reported in China since April have been low compared with the thousands every day in February, thanks to a nationwide regime of screening, testing and quarantine.
And Beijing said on Friday that cinemas, museums and other venues would gradually be reopened, though restrictions including mandatory reservations and a limit on numbers of visitors would be in place.
Meanwhile, some Shanghai night spots are open again and Walt Disney Co reopened its Shanghai Disneyland park to a reduced number of visitors.All of the latest cases in Wuhan were previously classified as asymptomatic, people who test positive for the virus and are capable of infecting others but do not show clinical signs.
Hundreds of asymptomatic cases in Wuhan, which was released on April 8 from a months-long lockdown, are being monitored.
On average, the city has conducted about 47,000 nucleic acid tests each day since the lockdown was lifted, Reuters calculations based on reports by Wuhan's health authority show.
China does not include asymptomatic cases in its overall tally of confirmed cases, now at 82,918, until they exhibit signs of infection. Mainland China has reported 4,633 deaths.
Wuhan plans to conduct nucleic acid testing over a period of 10 days, an internal document seen by Reuters showed and two sources familiar with the situation said, with every district told to submit a detailed testing plan by Tuesday.
Older and densely populated residential compounds and those with a concentration of migrant populations should be the focus of the testing, the document also showed.New outbreaks in China in the past two months have mainly developed in residential compounds or hospitals, while the number of asymptomatic cases is not known, as these only appear on the radar when they show up positive during tests.
As Wuhan reported new cases, Mi Feng, spokesman for China's National Health Commission, said new infections over the past 14 days in seven provinces were being traced while cases involving clusters "were continuing to increase".
The health authority called for stronger protocols at laboratories handling samples of coronavirus strains and human nucleic acid tests as well as in transporting them.
"We need to investigate and determine the origin of the infections and transmission routes," Mi told a media briefing.
China's northeastern province of Jilin, which on Saturday reported a cluster of infections in Shulan, reported three additional cases. Shulan has been marked a high-risk area, the only place in China now with that designation.
"We're now in a 'war-time' mode," said Jin Hua, the mayor of Shulan, which until the weekend had reported no local cases for more than 70 days.
Shulan has imposed a lockdown on its 600,000 residents since the weekend, with just one member of a household being allowed out each day to buy necessities.
One of the three cases confirmed in Jilin province on May 10 was from Shulan. The other two were uncovered through contact tracing of people who were in contact with earlier Shulan cases.
Nearby Liaoning and Heilongjiang provinces each reported one case, fuelling worries of a regional resurgence.A 70-year-old in Heilongjiang's capital Harbin had tested negative seven times before results showed as positive.
Of the new cases, seven were in the northern region of Inner Mongolia and involved travellers from abroad.Across China, the number of new asymptomatic coronavirus cases fell to 12 on May 10, compared with 20 a day earlier.
The five new confirmed cases, all from the same residential compound, come amid efforts to ease restrictions across China as businesses restart and individuals get back to work.New confirmed cases reported in China since April have been low compared with the thousands every day in February, thanks to a nationwide regime of screening, testing and quarantine.
And Beijing said on Friday that cinemas, museums and other venues would gradually be reopened, though restrictions including mandatory reservations and a limit on numbers of visitors would be in place.
Meanwhile, some Shanghai night spots are open again and Walt Disney Co reopened its Shanghai Disneyland park to a reduced number of visitors.All of the latest cases in Wuhan were previously classified as asymptomatic, people who test positive for the virus and are capable of infecting others but do not show clinical signs.
Hundreds of asymptomatic cases in Wuhan, which was released on April 8 from a months-long lockdown, are being monitored.
On average, the city has conducted about 47,000 nucleic acid tests each day since the lockdown was lifted, Reuters calculations based on reports by Wuhan's health authority show.
China does not include asymptomatic cases in its overall tally of confirmed cases, now at 82,918, until they exhibit signs of infection. Mainland China has reported 4,633 deaths.
Wuhan plans to conduct nucleic acid testing over a period of 10 days, an internal document seen by Reuters showed and two sources familiar with the situation said, with every district told to submit a detailed testing plan by Tuesday.
Older and densely populated residential compounds and those with a concentration of migrant populations should be the focus of the testing, the document also showed.New outbreaks in China in the past two months have mainly developed in residential compounds or hospitals, while the number of asymptomatic cases is not known, as these only appear on the radar when they show up positive during tests.
As Wuhan reported new cases, Mi Feng, spokesman for China's National Health Commission, said new infections over the past 14 days in seven provinces were being traced while cases involving clusters "were continuing to increase".
The health authority called for stronger protocols at laboratories handling samples of coronavirus strains and human nucleic acid tests as well as in transporting them.
"We need to investigate and determine the origin of the infections and transmission routes," Mi told a media briefing.
China's northeastern province of Jilin, which on Saturday reported a cluster of infections in Shulan, reported three additional cases. Shulan has been marked a high-risk area, the only place in China now with that designation.
"We're now in a 'war-time' mode," said Jin Hua, the mayor of Shulan, which until the weekend had reported no local cases for more than 70 days.
Shulan has imposed a lockdown on its 600,000 residents since the weekend, with just one member of a household being allowed out each day to buy necessities.
One of the three cases confirmed in Jilin province on May 10 was from Shulan. The other two were uncovered through contact tracing of people who were in contact with earlier Shulan cases.
Nearby Liaoning and Heilongjiang provinces each reported one case, fuelling worries of a regional resurgence.A 70-year-old in Heilongjiang's capital Harbin had tested negative seven times before results showed as positive.
Of the new cases, seven were in the northern region of Inner Mongolia and involved travellers from abroad.Across China, the number of new asymptomatic coronavirus cases fell to 12 on May 10, compared with 20 a day earlier.