PetroChina to take a stake in UK oil refinery

first_img whatsapp More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told CHINA’S biggest oil firm PetroChina signed a deal to invest in one of Scotland’s biggest refineries yesterday, expanding its global refining foothold as China caps domestic fuel prices to tame inflation.Deputy prime minister Nick Clegg and China’s vice premier Li Ke Qiang oversaw the signing of the deal, which was part of £2.6bn-worth of agreements between the UK and China yesterday. PetroChina will take a 50 per cent stake in the Grangemouth refinery in Scotland and the Lavera plant in France, which are both run by Swiss-registered chemical firm INEOS.Neither firm revealed the terms of the partnership. “Both governments were aware and supportive of the deals, but the most important thing is that it secures 1,400 jobs in Scotland,” INEOS group director Tom Crotty told City A.M. Monday 10 January 2011 8:23 pm whatsapp Tags: NULLcenter_img KCS-content Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition PetroChina to take a stake in UK oil refinery Sharelast_img read more

Prague set for city-wide slot machine ban

first_img Lawmakers in the Czech capital Prague have voted in favour of a new decree that would implement a ban on all technical gambling games in the city, with the draft legislation set to go in front of the City Council later this week. Email Address Regions: Europe Central and Eastern Europe Czech Republic Prague set for city-wide slot machine ban 8th September 2020 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Lawmakers in the Czech capital Prague have voted in favour of a new decree that would implement a ban on all technical gambling games in the city, with the draft legislation set to go in front of the City Council later this week.The bill would prohibit all mechanical, electromechanical and electronic games in Prague, including slot machines and video lottery terminals, but would allow live gambling to continue.Operators currently running gambling machines inside their properties in the city would be permitted to continue doing so until the end of the current licensing period, which is due to conclude in 2024.Prague City Council will vote on the draft decree at a meeting on 10 September.According to Prague councillor Hana Kordová Marvanová, the primary aim of the new decree is to help address problem gambling in the city, having singled out electronic games as the most dangerous in terms of gambling addiction.“The issue of regulating the operation of gambling is primarily a question of finding a balanced solution, responding to the development of legislation and modern gaming technologies,” Kordová Marvanová explained.“On one hand, this leaves the citizen free to decide and do business, on the other hand reduces pathological phenomena associated with gambling, and on the other hand, reduces pathological phenomena associated with gambling.”The decree is the third of its kind to be introduced since 2007, the first of which set out the places and times where gambling is permitted in Prague. Some 1,422 locations were approved for gambling, but this has been reduced to 101 official casino establishments.The number of gaming terminals decreased from 15,934 on 1 January 2010, to 3,995 as of 31 August this year.The Czech Republic’s Gambling Act was also adopted in 2016, setting out a host of new measures, such as preventing the advertising of gambling and introducing new taxes on the industry.However, Kordová Marvanová said more needed to be done to protect players as operators found ways around the law. This included the running of so-called ‘de-facto’ casinos, where operators replaced live play with a wheel of fortune, but without a suprvising croupier.In terms of the financial impact of the decree, Kordová Marvanová said that the ban would result in a CZK400m (£13.7m/€15.1m/$17.8m) drop in annual tax income for the city.However, Kordová Marvanová committed to counteracting this reduction by committing more money from the City Council’s budget to help fund projects currently supported by gambling tax, such as sports, cultural and educational initiatives.“I promised the city districts that the loss of income due to the ban on technical games will not be felt and will be compensated from the budget of the City of Prague so as not to suffer from this step the financing of important public activities,” Kordová Marvanová said. Tags: Slot Machines Topics: Casino & games Legal & compliance Slots Casino & games Subscribe to the iGaming newsletterlast_img read more