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IHG hits £1bn mark in China

first_img InterContinental Hotels (IHG) said yesterday sales from China would beat $1bn (£626m) for the first time this year, as it prepares to double its hotel count in the fast-growing market. The emergence of a middle class in China who are keen on travel has led big hotel operators to pile into the market, with InterContinental, Marriott International, Accor and others building their portfolios. IHG, the world’s top hotelier by room count, whose brands include Crowne Plaza and Holiday Inn, had 132 hotels in Greater China, which includes Taiwan and Hong Kong, at the end of June with another 148 in the pipeline. The company has undertaken a massive overhaul of its Holiday Inn brand across the globe. IHG hits £1bn mark in China Thursday 14 October 2010 8:07 pm whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap KCS-content center_img Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Show Comments ▼ Tags: NULLlast_img read more

English FA fines Scholes £8,000 for breaching betting rules

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The English Football Association (FA) has fined former England and Manchester United footballer Paul Scholes £8,000 (€8,995/$10,079) after finding him guilty of breaching its rules regarding betting on football. Topics: Legal & compliance Sports betting The English Football Association (FA) has fined former England and Manchester United footballer Paul Scholes £8,000 (€8,995/$10,079) after it found he had breached its prohibition on betting on the sport.Scholes was alleged to have placed a total of 140 bets on games between August 17, 2015 and January 12, 2019. He wagered a total of £26,159, making a net profit of £5,831.FA rules strictly prohibit anyone involved with a football club in England from placing bets on football matches around the world.Scholes was a director of Salford City FC when all bets were placed, but he did not become manager of Oldham Athletic until after this period. Scholes spent 31 days as manager of the League One side from February 11 to March 14.In January of this year, Paddy Power Betfair alerted to the FA that Scholes had potentially broken its rules on betting and shared his account details with the national governing body. Bet365 also shared information on Scholes’ account.Although the FA investigation found that Scholes had not placed bets on matches involving Salford City, there was concern over some of the games.Eight bets involved Manchester United, where Scholes spent the majority of his playing career and during a period when former teammates Ryan Giggs and Nicky Butt were working at the club.Scholes also placed a bet on Spanish LaLiga team Valencia, which, at the time, employed Salford City associates and friends Gary and Philip Neville. He also wagered on FA Cup matches after Salford City had been eliminated from the competition.Scholes said he had not been aware of the specific rules on betting, saying that he thought he was not permitted to bet on games involving Salford City. He also said the he did not have any special knowledge of the clubs he was betting on.Although the FA agreed Scholes was not in a position to influence the outcome of any of these matches, the activity constituted a breach of its betting rules.In its assessment, the FA also noted that although Salford City had been knocked out of the FA Cup when Scholes placed bets, this “does not remove the possibility or perception that some advantage may have been gained by its presence within it”.Scholes has now been ordered to pay the £8,000, in addition to a contribution of £1,800 towards a personal hearing on the case that Scholes had requested. The FA also warned Scholes about his future conduct.Scholes will have the option to appeal against the decision.Image: Biser Todorov Regions: UK & Ireland Legal & compliancecenter_img English FA fines Scholes £8,000 for breaching betting rules Email Address 19th June 2019 | By contenteditor Subscribe to the iGaming newsletterlast_img read more