Spanish Broadcasting System, Inc. Announces Launch Of $310 Million Senior Secured Notes Offering

MIAMI, Feb. 5, 2021 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (the «Company», «we», «us», or «SBS») announced today that it has launched an offering of $310 million in aggregate principal amount of senior secured notes due 2026 (the «Notes»). The Notes will be guaranteed on a senior secured basis by certain of the Company’s subsidiaries, and secured, subject to certain exceptions, on a first-priority basis by the Notes collateral.

The…

MIAMI, Feb. 5, 2021 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (the «Company», «we», «us», or «SBS») announced today that it has launched an offering of $310 million in aggregate principal amount of senior secured notes due 2026 (the «Notes»). The Notes will be guaranteed on a senior secured basis by certain of the Company’s subsidiaries, and secured, subject to certain exceptions, on a first-priority basis by the Notes collateral.

The Company expects to use the net proceeds of this offering along with cash on hand (i) to repay its 12.5% senior secured notes due 2017, (ii) along with certain other consideration, to repurchase and/or redeem all of its outstanding 10 3/4% Series B cumulative exchangeable redeemable preferred stock, $0.01 par value (the «Series B Preferred Stock») and (iii) to pay related fees and expenses.

The Notes and the related guarantees are being offered in the United States to persons reasonably believed to be «qualified institutional buyers» pursuant to Rule 144A under the Securities Act of 1933, as amended (the «Securities Act»), and to persons outside of the United States in compliance with Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

This press release is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. This press release does not constitute a redemption notice for the Series B Preferred Stock and is not an offer to purchase or a solicitation of an offer to sell the Series B Preferred Stock.

About Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. (SBS) owns and operates radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Urbano format genres. SBS also operates AIRE Radio Networks, a national radio platform of over 290 affiliated stations reaching 95% of the U.S. Hispanic audience. SBS also owns MegaTV, a network television operation with over-the-air, cable and satellite distribution and affiliates throughout the U.S. and Puerto Rico, produces a nationwide roster of live concerts and events, and owns a stable of digital properties, including La Musica, a mobile app providing Latino-focused audio and video streaming content and HitzMaker, a new-talent destination for aspiring artists. For more information, visit us online at www.spanishbroadcasting.com.

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. In some cases, you can identify forward-looking statements by the words «anticipate,» «believe,» «continue,» «could,» «estimate,» «expect,» «intend,» «may,» «might,» «objective,» «ongoing,» «plan,» «predict,» «project,» «potential,» «should,» «will,» or «would,» and/or the negative of these terms, or other comparable terminology intended to identify statements about the future. They appear in this press release and include statements regarding our intentions, beliefs or current expectations. These statements, by their nature, involve substantial risks and uncertainties, certain of which are beyond our control, and actual results may differ materially depending on a variety of important factors, including, but not limited to, our substantial indebtedness and high leverage, our highly competitive industry, our ongoing response to the COVID-19 pandemic, our dependency on revenue and operating income from a limited number of markets, unpredictability of sales in the advertising industry, our ability to attract listeners, viewers and advertisers to our broadcast radio and television operations, the popularity and appeal of our content, our ability to maintain and renew distribution agreements, impact from tax reform and any new tax legislation, our ability to respond to rapid changes in technology, content creation, services and standards, our ability to protect our business from cybersecurity risks, performance of key employees, on-air talent and program hosts, reputational damage to our brands and legal or governmental proceedings and regulatory and other legislative compliance, including compliance with the Federal Communications Commission. All forward-looking statements made herein are qualified by these cautionary statements and risk factors and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. We do not have any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.

Contact:
Analysts and Investors
José I. Molina
Chief Financial Officer
(305) 441-6901

SOURCE Spanish Broadcasting System, Inc.

Worldwide Industry for Bioplastics and Natural Fibers to 2030 – Key Market Trends and Drivers

DUBLIN, Feb. 5, 2021 /PRNewswire/ — The «The Global Market for Bioplastics and Natural Fibers to 2030» report has been added to…

DUBLIN, Feb. 5, 2021 /PRNewswire/ — The «The Global Market for Bioplastics and Natural Fibers to 2030» report has been added to ResearchAndMarkets.com’s offering.

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Government legislation, consumer trends and environmental concerns are compelling the development of bioplastics and natural fibers in markets including food packaging, automotive, building/construction, textiles, agriculture, sports & leisure and consumer goods.

Biocomposites based on these materials offer significant advantages over incumbent synthetic materials including lightweighting, sustainability and reduced carbon footprint. Natural fibers are also abundant and low-cost. The bioplastics and natural fibers market will witness good growth through to 2030, with excellent opportunities for large producers and start ups.

The report provides an in-depth analysis of the bioplastics and natural fibers market by applications and bioplastic and natural fiber type.

Report contents include:

  • Market trends and drivers in the bioplastics and natural fibers market.
  • Production estimates by bioplastics and natural fibers producers, types, market and regions.
  • Impact of COVID-19.
  • Challenges for the bioplastics and natural fibers market.
  • Advantages and disadvantages of the bioplastics and natural fibers over synthetic plastics.
  • Analysis of synthetic biopolymers market including Polylactic acid (Bio-PLA), Polyethylene terephthalate (Bio-PET), Polytrimethylene terephthalate (Bio-PTT), Polyethylene furanoate (Bio-PEF), Polyamides (Bio-PA), Poly(butylene adipate-co-terephthalate) (Bio-PBAT), Polybutylene succinate (PBS) and copolymers, Polyethylene (Bio-PE), Polypropylene (Bio-PP)
  • Analysis of naturally produced bio-based polymers including Polyhydroxyalkanoates (PHA), Polysaccharides, Microfibrillated cellulose (MFC), Cellulose nanocrystals, Cellulose nanofibers, Protein-based bioplastics, Algal and fungal.
  • Analysis of natural fibers including seed fibers (cotton, luffa), bast fibers(jute, hemp, flax, ramie, kenaf), leaf fibers (sisal, abaca). fruit fibers (banana, pineapple, coir), stalk fibers, bamboo, sugarcane, animal proteins (alternative wool, leather, silk and down).
  • Profiles of over 250 companies. Companies profiled include Ananas Anam, BASF, Bast Fiber Technologies Inc., Kelheim Fibres GmbH, BComp, Circular Systems, Evrnu, Natural Fiber Welding, Icytos, NatureWorks, Total Corbion, Danimer Scientific, Novamont, Mitsubishi Chemicals, Indorama, Braskem, Avantium, Borealis, Cathay, Dupont, Arkema, DuPont, AMSilk GmbH, Notpla, Loliware, Bolt Threads, Ecovative, Kraig Biocraft Laboratories, Spiber and many more.

Key Topics Covered:

1 AIMS AND OBJECTIVES OF THE STUDY

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY
3.1 BIOPLASTICS
3.1.1 What are bioplastics?
3.1.2 Market trends
3.1.3 Global production to 2030
3.1.4 Main producers and global production capacities
3.1.4.1 Producers
3.1.4.2 By bioplastic type
3.1.4.3 By region
3.1.5 Global demand for bioplastics 2020, by market
3.1.6 Impact of COVID-19 pandemic on the bioplastics market and future demand
3.1.7 Challenges for the biobased and sustainable plastics market
3.2 NATURAL FIBERS
3.2.1 What are natural fibers?
3.2.2 Benefits of natural fibers over synthetic
3.2.3 Markets and applications for natural fibers
3.2.4 Market drivers for natural fibers
3.2.5 Global revenues for natural fibers 2020-2030
3.2.5.1 By fiber type
3.2.5.2 By market
3.2.5.3 By region
3.2.6 Technology challenges
3.2.7 Future trends
3.2.8 COVID-19 impact

4 THE GLOBAL PLASTICS MARKET
4.1 Global production
4.2 The importance of plastic
4.3 Issues with plastics use

5 THE BIOPLASTICS MARKET
5.1 Drop-in bio-based plastics
5.2 Novel bio-based plastics
5.3 Advantages and disadvantages compared to traditional plastics
5.4 Types of Bio-based and/or Biodegradable Plastics
5.5 BIODEGRADABLE AND COMPOSTABLE PLASTICS
5.5.1 Biodegradability
5.5.2 Compostability
5.6 SYNTHETIC BIO-BASED POLYMERS
5.6.1 Polylactic acid (Bio-PLA)
5.6.1.1 Market analysis
5.6.1.2 Producers
5.6.2 Polyethylene terephthalate (Bio-PET)
5.6.2.1 Market analysis
5.6.2.2 Producers
5.6.3 Polytrimethylene terephthalate (Bio-PTT)
5.6.3.1 Market analysis
5.6.3.2 Producers
5.6.4 Polyethylene furanoate (Bio-PEF)
5.6.4.1 Market analysis
5.6.4.2 Comparative properties to PET
5.6.4.3 Producers
5.6.5 Polyamides (Bio-PA)
5.6.5.1 Market analysis
5.6.5.2 Producers
5.6.6 Poly(butylene adipate-co-terephthalate) (Bio-PBAT)
5.6.6.1 Market analysis
5.6.6.2 Producers
5.6.7 Polybutylene succinate (PBS) and copolymers
5.6.7.1 Market analysis
5.6.7.2 Producers
5.6.8 Polyethylene (Bio-PE)
5.6.8.1 Market analysis
5.6.8.2 Producers
5.6.9 Polypropylene (Bio-PP)
5.6.9.1 Market analysis
5.6.9.2 Producers
5.7 NATURAL BIO-BASED POLYMERS
5.7.1 Polyhydroxyalkanoates (PHA)
5.7.1.1 Market analysis
5.7.1.2 Commercially available PHAs
5.7.1.3 Producers
5.7.2 Polysaccharides
5.7.2.1 Microfibrillated cellulose (MFC)
5.7.2.2 Cellulose nanocrystals
5.7.2.3 Cellulose nanofibers
5.8 MARKETS FOR BIOPLASTICS
5.8.1 Packaging
5.8.2 Consumer products
5.8.3 Automotive
5.8.4 Building & construction
5.8.5 Textiles
5.8.6 Electronics
5.8.9 Agriculture and horticulture

6 THE NATURAL FIBERS MARKET
6.1 NATURAL FIBER TYPES
6.1.1 Manufacturing method, matrix materials and applications of natural fibers
6.1.2 Advantages of natural fibers
6.1.3 Plants (cellulose, lignocellulose)
6.1.3.1 Seed fibers
6.1.3.2 Bast fibers
6.1.3.3 Leaf fibers
6.1.3.4 Fruit fibers
6.1.3.5 Stalk fibers from agricultural residues
6.1.3.6 Soft and hardwoods
6.1.3.7 Cane, grasses and reed
6.1.3.8 Fresh grass (green biorefinery)
6.1.3.9 Modified natural polymers
6.1.4 Animal (fibrous protein)
6.1.4.1 Wool
6.1.4.2 Silk fiber
6.1.4.3 Leather
6.1.4.4 Down
6.2 MARKETS FOR NATURAL FIBERS
6.2.1 Composites
6.2.1.1 Market overview
6.2.1.2 Natural fiber injection moulding compounds
6.2.1.3 Non-woven natural fiber mat composites
6.2.1.4 Aligned natural fiber-reinforced composites
6.2.1.5 Natural fiber biobased polymer compounds
6.2.1.6 Natural fiber biobased polymer non-woven mats
6.2.1.7 Natural fiber biobased polymer composites
6.2.1.8 Natural fiber thermoset bioresin composites
6.2.2 Aerospace
6.2.2.1 Market overview
6.2.3 Automotive
6.2.3.1 Market overview
6.2.3.2 Applications of natural fibers
6.2.4 Building/construction
6.2.4.1 Market overview
6.2.4.2 Applications of natural fibers
6.2.5 Sports and leisure
6.2.5.1 Market overview
6.2.5.2 Composites
6.2.5.3 Sportswear
6.2.6 Textiles
6.2.6.1 Market overview
6.2.6.2 Consumer apparel
6.2.6.3 Geotextiles
6.2.6.4 Alternative leather
6.2.7 Packaging
6.2.7.1 Market overview
6.2.7.2 Food packaging
6.2.7.3 Beverage packaging
6.3 GLOBAL NATURAL FIBERS MARKET VOLUMES
6.3.1 Overall global fibers market
6.3.2 Plant-based fiber production
6.3.3 Animal-based natural fiber production

7 BIOPLASTICS COMPANY PROFILES

8 NATURAL FIBER PRODUCERS AND PRODUCT DEVELOPER PROFILES

9 REFERENCES

For more information about this report visit https://www.researchandmarkets.com/r/5lri4i

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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SOURCE Research and Markets

Ketchum’s Bettina Garibaldi Named to HSMAI’s Top 25 in Hospitality Sales & Marketing

NEW YORK, Feb. 5, 2021 /PRNewswire/ — Hospitality Sales & Marketing Association International (HSMAI) selected Bettina Garibaldi, SVP and managing director of <a target="_blank"…

NEW YORK, Feb. 5, 2021 /PRNewswire/ — Hospitality Sales & Marketing Association International (HSMAI) selected Bettina Garibaldi, SVP and managing director of Ketchum‘s Travel, Hospitality & Leisure industry, as one of «The HSMAI Top 25: Extraordinary Minds in Hospitality Sales, Marketing and Revenue Optimization.» 

The 19th annual list recognizes the «best of the best» in the hospitality, travel and tourism industries. The 2020 «Top 25» recipients were judged by a panel of senior industry executives for their recent work based on the following criteria: creativity and innovation, cutting-edge sales or marketing campaigns, triumph in challenging situations, and/or sales efforts that resulted in dramatic gains.

«The ‘Top 25’ is our annual hot list that celebrates the sales, marketing and revenue optimization leaders and innovators in our industry,» said Robert A. Gilbert, president and CEO of HSMAI. «Throughout the pandemic, these extraordinary professionals have risen to each challenge and met unprecedented circumstances with creativity, strength and ingenuity. These leaders will be a guiding light along the industry’s road to recovery.»

In her 13 years with Ketchum, Garibaldi has led large-scale integrated marketing communications campaigns for leading consumer, travel and hospitality brands, with deep expertise in media relations, consumer engagement, and strategic partnerships and events. In her current role she is responsible for the consultancy’s entire travel, hospitality and leisure roster of clients. She earned a bachelor’s degree in marketing management from Baruch College’s Zicklin School of Business and a master’s degree in corporate communications from New York University. She also is a former adjunct professor at Stevens Institute of Technology. Garibaldi is a PRWeek 40 Under 40 honoree, and her work for Discover Puerto Rico is among Ketchum’s most-awarded campaigns led entirely by public relations.

«As the child of an Argentinean diplomat, I’ve had incredible opportunities to see the world from a very early age and call many places home. That sparked both my love of travel and my interest in a career in communications, and I’m fortunate to be in a role that allows me to marry both of those passions and bring travel stories to life,» said Garibaldi. «It is with the encouragement of my company and my clients that I am inspired to search for creative solutions and deliver strategic, meaningful work every single day.»

About Ketchum
The winner of 105 Cannes Lions and PRovoke‘s Global Creative Agency of the Year, Ketchum is the most creatively awarded firm in our industry. We’re equal parts human-centered and business-focused, empathetic and intelligent. As a global communications consultancy, we combine the deep industry and specialty expertise of boutique firms with global reach to find unexpected connections that lead to lasting relationships and work that matters. For more information on Ketchum, a part of Omnicom Public Relations Group, visit www.ketchum.com.

About Omnicom Public Relations Group
Omnicom Public Relations Group is a global collective of three of the top global public relations agencies worldwide and specialist agencies in areas including public affairs, marketing to women, global health strategy and corporate social responsibility. It encompasses more than 6,300 public relations professionals in more than 370 offices worldwide who provide their expertise to companies, government agencies, NGOs and nonprofits across a wide range of industries. Omnicom Public Relations Group delivers for clients through a relentless focus on talent, continuous pursuit of innovation and a culture steeped in collaboration. Omnicom Public Relations Group is part of the DAS Group of Companies, a division of Omnicom Group Inc. (NYSE: OMC) that includes more than 200 companies in a wide range of marketing disciplines including advertising, public relations, healthcare, customer relationship management, events, promotional marketing, branding and research.

About HSMAI
The Hospitality Sales and Marketing Association International (HSMAI) is committed to growing business for hotels and their partners, and is the industry’s leading advocate for intelligent, sustainable hotel revenue growth. The association provides hotel professionals & their partners with tools, insights, and expertise to fuel sales, inspire marketing, and optimize revenue through programs such as HSMAI Marketing Strategy ConferenceAdrian Awards and Revenue Optimization Conference. Founded in 1927, HSMAI is a membership organization comprising more than 5,000 members worldwide, with 40 chapters in the Americas Region. Connect with HSMAI at hsmai.org, HSMAI Facebook, HSMAI Instagram, HSMAI Twitter and HSMAI YouTube.

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SOURCE Ketchum

PlayIA.com: Iowa Sportsbooks Make Huge Leap to $150 Million in January

LAS VEGAS, Feb. 5, 2021 /PRNewswire/ — Iowa’s sportsbooks flourished in their first full month without in-person registration, easily surpassing the state record with nearly $150 million in bets. And with many of the biggest sports betting brands, including DraftKings and FanDuel, now gaining a foothold in the Hawkeye State, Iowa is poised for far more growth, according to analysts for <a target="_blank"…

LAS VEGAS, Feb. 5, 2021 /PRNewswire/ — Iowa’s sportsbooks flourished in their first full month without in-person registration, easily surpassing the state record with nearly $150 million in bets. And with many of the biggest sports betting brands, including DraftKings and FanDuel, now gaining a foothold in the Hawkeye State, Iowa is poised for far more growth, according to analysts for PlayIA, which tracks regulated online and retail gaming in the state.

«January was the just first test of an unshackled market, but it didn’t take long to realize just how much Iowa’s sportsbooks have been held back by the state’s in-person registration requirements,» said Dustin Gouker, lead analyst for PlayIA.com. «These will be an exciting next few months in the market, with some of the biggest sports-betting holidays — namely the Super Bowl and March Madness — buoying what should be rapid expansion. This is a whole new era in Iowa sports betting.»

Online and retail sportsbooks combined to take in $149.5 million in wagers, according to official data released Friday. That is up 42.7% from the record $104.8 million handle in December. Those bets increased net receipts to $11.3 million, up 50.5% from $7.5 million in December, which yielded $765,673 in state taxes.

Iowa is the first major U.S. market to report January data, but only seven states drew more in bets in December. Tennessee was seventh with $180.9 million in December wagering.

Online betting was the clear winner for Iowa. 80.8% of all bets, or $120.8 million, were made online. In December, online betting accounted for 74.5%, or $78.1 million, of all bets. In the U.S., about 82% of all legal sports bets are made online, with most of the states without in-person registration requirement taking in closer to 90%.

«Iowa’s market already showed a strong preference for online sportsbooks, but the change in the requirements should bring the state more in line to what we see in states such as New Jersey and Pennsylvania,» said Jessica Welman, analyst for PlayIA.com «In the pre-pandemic environment, online growth actually grew the pie rather than siphoning off significant action from the retail market. Once the market normalizes, that pattern should hold in Iowa, too.»

The end of the state’s in-person registration requirement altered the landscape for operators, too. DraftKings, the dominant brand on the Wild Rose license, helped wrestle the market lead away from William Hill/Prairie Meadows, but only slightly. The Wild Rose license, which includes DraftKings and newly launched BetRivers, accounted for 33% of the state’s online handle in January with $40.1 million in bets. William Hill still attracted $39.8 million and led the market with $2.9 million in revenue, making it the state’s single-largest brand. FanDuel fueled Diamond Jo’s $26.9 million in online bets. The Diamond Jo license, which also includes newly launched BetMGM, was second in revenue ($2.2 million), topping No. 3 Wild Rose ($2 million).

Diamond Jo Worth topped the retail market with $7.2 million in wagers.

«FanDuel and DraftKings own the market lead in nearly every legal U.S. market, so it’s no surprise that they capitalized on the rules change to increase their market share,» Gouker said. «But William Hill is proving to be a tough competitor. The battles over market share are now just beginning to heat up, though. That is good for consumers, who will benefit from fierce competition among operators.»

For more: PlayIA.com/news.

About the PlayUSA.com Network:

The PlayUSA.com Network and its state-focused branches is a leading source for news, analysis, and research related to the market for regulated online gaming in the U.S. 

Contacts:
Zack Hall, DVA Advertising & PR, 541-389-2411, 290913@email4pr.com

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SOURCE PlayIA.com

How Responsible are Sportsbooks with Player Withdrawals?

NASHVILLE, Tenn., Feb. 5, 2021 /PRNewswire/ — Let’s say you bet on the big game through an online sports betting sportsbook and BAM!, you win. Now what? How do you get your winnings? The turnaround time on your cash is dependent on the sportsbook with whom you placed your bet.

<div…

NASHVILLE, Tenn., Feb. 5, 2021 /PRNewswire/ — Let’s say you bet on the big game through an online sports betting sportsbook and BAM!, you win. Now what? How do you get your winnings? The turnaround time on your cash is dependent on the sportsbook with whom you placed your bet.

However, in New Jersey it’s been found that some sportsbooks may not be completely on the up and up with cash withdrawals. The sports betting regulator in New Jersey, The Division of Gaming Enforcement (DGE) recently called out sportsbook operators for encouraging players to cancel their withdrawals and continue wagering.

There are four sportsbooks operating in Tennessee and all but one of these sportsbooks, Action 247, operates in New Jersey. While the regulators haven’t named any names, regulators in New Jersey found that some sportsbooks have been known to encourage players to cancel (or reverse) their withdrawals (winnings) in hopes they will begin wagering again. As of now, no Tennessee players have reported issues with the withdrawal process on any of these sportsbooks.

Players are allowed to cancel a withdrawal, if they choose to do so. But prolonging the process in hopes that someone will just give up and gamble more money or encouraging or enticing them to reverse their withdrawal request is completely unfair to consumers. 

Know Your Withdrawal Options

If you live in Tennessee and you bet with one of the four operating sportsbooks, Action 247, FanDuel, DraftKings, and BetMGM, here are your withdrawal options:

Action 247 has partner locations in Tennessee, and because of this, they are able to boast almost instant in-person cash transfer times. Additionally, the average approval time for a digital withdrawal is 15 seconds.

DraftKings does not stipulate how long payment processing initially takes. The book does mention that it generally takes 2-8 business days after the Accounting Department processes a withdrawal for funds to appear in a user’s account.

At BetMGM, the internal review process can take up to five business days, though the sportsbook approves some withdrawals in as little as a few hours. Once processed, each method has a slightly different transfer rate.

FanDuel processes PayPal withdrawal requests within 48 hours. Online banking takes 2-4 business days and checks arrive within 7-10 business days.

Let’s break it down even further:

Sportsbook

Tennessee Cash
Withdrawal Locations 

In-Person Cash
Withdrawal Time

Digital Withdrawal Time

Action 247

100+ Locations

Instant

15 seconds

DraftKings

0

Not available

up to 8 business days

FanDuel

0

Not available

up to 4 business days

BetMGM

0

Not available

up to 7 business days

If sportsbooks intend to stay in business, they will have to play by the rules and consumer fairness and responsible gambling go hand in hand.

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SOURCE Action 24/7

Club Med Ushers In 2021 By Embracing A New Era Of Travel

MIAMI, Feb. 5, 2021 /PRNewswire/ — An unprecedented 2020 was challenging for the travel industry, and also provided valuable insight into travel trends for the year ahead and beyond. Club Med, the pioneer of the all-inclusive resort concept, lends its expertise by sharing insights from the previous year and predictions for travel…

MIAMI, Feb. 5, 2021 /PRNewswire/ — An unprecedented 2020 was challenging for the travel industry, and also provided valuable insight into travel trends for the year ahead and beyond. Club Med, the pioneer of the all-inclusive resort concept, lends its expertise by sharing insights from the previous year and predictions for travel trends in 2021.

«As the leader in all-inclusive vacations, Club Med continues to innovate through this challenging time by offering our guests the best in flexibility and safety,» says Carolyne Doyon, CEO and President of Club Med North America. «We’re utilizing our thoughtful and strategic analysis of 2020 learnings and 2021 market trends to deliver on travelers’ evolving wants and needs.»

A projected return to travel
Americans have started seeing the «light at the end of the tunnel» when it comes to travel. A recent Skift Research study reported that beginning in September 2020, for the first time during the pandemic, more Americans planned to increase their travel spend over the next 12 months. The most popular destinations include beaches and coastal drive-to markets.

While domestic travel continues to be preferred by the majority of travelers, a recent study conducted by Club Med found that 56% of travelers are looking to travel by Spring/Summer 2021 with most looking forward to returning to Turks and Caicos (47%) and Mexico (31%). Club Med has also seen significant interest in travelers who are booking for the 2021 holiday season. Considered «revenge bookings,» the trend indicates a strong interest in families getting together after canceled plans this last holiday season, with advance bookings for holidays at a 17% increase versus 2019.

As Club Med anticipates seeing a return to travel to the Caribbean islands and Mexico, resorts such as Club Med Cancún, Club Med Punta Cana, Club Med Michès Playa Esmeralda and the adults-exclusive Club Med Turkoise are poised to provide travelers, whether families, couples or singles, a restorative and safe experience to escape to in 2021. Domestically, Club Med Sandpiper Bay remains the brand’s top-selling resort for those looking for an escape closer to home.

Increased interest in international travel
The pandemic spurred increased domestic travel with Americans looking for shorter escapes closer to home. Through data compiled from recent sales, Club Med Sandpiper Bay in Florida saw a substantial increase in bookings in 2020 from travelers in drive-market regions. From June to December 2020, the resort reported 40% of travelers were from Florida.

However, according to The New York Times, while interest in domestic travel is likely to continue through 2021, interest in international travel has increased since the news of the vaccine. Club Med is well equipped to meet this demand for years to come through the consistent growth of their international portfolio, marking three to five new resort openings or renovations per year, including a new Alpine ski resort annually. Each resort is constructed with a low-density layout – which is defined by low-rise buildings that are spread out across 50+ acres and respectfully integrated in their surrounding natural environments – leaving plenty of space for guests to roam freely and comfortably.

Exemplifying their eco-friendly positioning, Club Med is set to open their eco-certified Seychelles (Indian Ocean) resort in March 2021. This will be its newest Exclusive Collection luxury resort, respectfully integrated along a preserved Marine National Park. In harmony with nature, the resort will offer nature conservation experiences, like marine conservation and turtle nesting. Club Med Québec Charlevoix is also opening in December 2021, with bookings already well underway. Located just outside Québec City in Le Massif de Charlevoix region, the all-inclusive resort is Club Med’s first four-season mountain property with unparalleled waterfront views of the Saint Lawrence River, amazing year-round outdoor activity options, full ski-in/ski-out access, and spacious accommodations. Club Med anticipates seeing a high level of bookings from Americans, as the resort is easy for them to get to and more cost-effective than a do-it-yourself ski vacation – for example, a 7-night do-it-yourself ski vacation for a family of 4 to Whistler would cost approx. $9,900; while at Club Med Québec Charlevoix, a similar vacation would cost $4,500.

Working remotely with extended stays
Travelers have shown an appetite for escaping the pandemic restrictions at home and extending their stays at all-inclusive resorts where they can work or study remotely while also relaxing. In June 2020 Club Med Sandpiper Bay in Florida reported a 9% increase in bookings for «short week» getaways – meaning a 4 to 5-night reservation during the week rather than the traditional long weekend getaway. According to the Skift Megatrends report, the pandemic and the rise of remote work will likely further blur the lines between business and leisure travel. A significant hike in the length of stay in vacation rentals highlights how travelers have been looking at other places to stay and work during the pandemic. Club Med is adapting to this trend by setting up Workation, a hybrid stay between working remotely and a vacation with the all-inclusive service à la Club Med. This remote work and learn option has been available at Club Med Sandpiper Bay since October 2020, delivering adults and children the tools they need to work remotely, including: premium wi-fi, dedicated workspaces (or free to roam and setup beachside!) and printer access. Club Med is looking to launch the concept in additional resorts soon.

Low-density resorts with safety protocols
Travelers will continue taking increased precautions to protect themselves from COVID-19 and expect the travel industry to provide them with peace of mind by offering increased safety precautions. Worldwide, Club Med’s Safe Together program has established a range of enhanced health and safety protocols that include protective face coverings for staff, hand sanitizer available throughout the resort, deep cleaning and frequent sanitizing of surfaces and facilities, social distancing, capped resort capacity, increased amount of already-existent single plated foods in main dining area buffets, and temperature checks on arrival and periodically during the stay. All Club Med properties in Florida, the Caribbean, and Mexico are POSI-Check certified, receiving recognition from Cristal for the Prevention of the Spread of Infection.

Travelers will also continue seeking destinations surrounded by nature, offering a variety of safe outdoor experiences. All of Club Med’s global resorts, including those in Florida, the Caribbean, and Mexico, meet this demand as they are low in density, spread across 50 acres of land and wide stretches of beaches, creating a sense of privacy and freedom. Each resort features multiple low-rise buildings that are only three stories high, sitting just below the treetops. To further accommodate social distancing practices, dining tables and lounge chairs throughout the resorts are more spaced out with an increased amount of outdoor seating, and activities and entertainment are also predominantly outdoors.

Contactless technology
Travel in 2021 will be more touchless than ever. A recent Booking.com study showed 64% of travelers agree that technology will be important in controlling health risks when traveling and 63% say that accommodations will need to use the latest technologies to make travelers feel safe. Club Med’s Easy Arrival contactless check-in/check-out prepares guests to fully enjoy vacations immediately. From signing up children for childcare services to booking ski equipment ahead of time at Club Med’s ski properties, everything will be ready for guests as soon as they arrive at the resort. The My Club Med app also allows guests to enjoy a seamless experience from the start of their trip to the end, with options to create a personalized itinerary, preview the daily activity schedules and, at select resorts, guests can book spa appointments and order room service. Coming soon, in order to abide by the CDC’s new requirements for entry into the United States, travelers will also be able to schedule their PCR/Antigen testing.

Wellness seekers
Skift predicts travelers will continue seeking outdoor and wellness-centric destinations. An unspoiled paradise hidden in the heart of a Dominican palm grove, Club Med Michès Playa Esmeralda is the first and only resort in Michès, offering guests a sense of intimacy and personalization. Set upon 93 acres with a 2,000-foot stretch of untouched beach, the resort’s architecture seamlessly and respectfully blends into its surroundings, featuring four boutique villages with distinct concepts designed to deliver tailored experiences for various segments. This ‘resort within a resort’ concept includes: 

  • Explorer Cove, a dedicated section designed for families with activities and kids clubs nearby
  • Caribbean Paradise, the alluring heart of the resort surrounded by lush tropical gardens and colorful décor designed for both families, couples and singles alike
  • Emerald Jungle, designed for wellness seekers with a natural Zen pool, spa, wellness bar and treetop wellness canopy
  • Archipelago, created exclusively for adults featuring floor-level oceanfront suites with private pools, outdoor showers and infinite views of the ocean just steps away

Sustainability
The pandemic has made many people aware of impacts on the environment and local communities. A Booking.com study found that more than 69% of travelers expect the travel industry to offer more sustainable options. Avid globetrotters are quickly getting behind the ‘go green’ initiative in tourism decisions and Club Med is proudly supporting the cause. In 2018, Club Med launched its Bye-Bye Plastics program, and is on track to ban single-use plastic products from bars, restaurants and rooms by 2021.

Tourism has a growing impact on the environment, which is why Club Med has always devoted itself to sustainable practices. Club Med’s Happy to Care program features a range of sustainable commitments based on values and practices which reflect sustainable development.

Club Med’s newest Exclusive Collection resort, Club Med Michès Playa Esmeralda, acts as the catalyst for Club Med’s environment-friendly positioning. Devoting its design, activities and elements to the surrounding region, the resort pays homage to the Dominican Republic’s ecological essence so guests who visit the resort can understand the natural beauty that first attracted many locals to the destination. The resort’s eco-chic concept is based on five core pillars: agriculture, immersion, waste management, energy and people. 

Sustainability is at the heart of the resort with special programs and initiatives, including:  

  • No single-use plastics in the resort
  • Locally sourced coffee and cacao products in the resort’s Coffee House, in partnership with local farmers
  • Employee uniforms are created out of recycled plastic bottles (currently more than 200,000+ bottles have been recycled for this initiative)
  • Programs have been implemented to provide more than 900 locals with language, vocational, and hospitality skill trainings
  • Strict eco-friendly certifications from the best in the industry: BREEAM certification for the construction process, and Green Globe certification for the operations
  • Solar panel project – an estimated 45,000 square feet of solar panels are being installed in the resort to generate renewable energy
  • Programs to stimulate the local economy are underway via various farming development projects to increase the efficiency, quality and demand for local farmers
  • In-resort plant nursery currently houses 30,000+ new plants, and more than 2,000 trees were preserved or re-planted during the construction process
  • Family environmental workshops offer interactive, fun and educational sessions for parents and children to learn about the environment together and participate in hands-on gardening activities

Flexible travel options
According to the United States Tour Operators Association, the most frequently asked question by travelers who made new bookings this fall was regarding cancellation or refund policies. Flexible booking policies are anticipated to continue into 2021 and beyond. To ensure added flexibility and peace of mind for travelers, Club Med offers:

  • Free Cancellation Policy: For new bookings made on or after May 18, 2020, guests can receive a full refund should they need to cancel their stay (up to 15 days prior to the anticipated travel date) for stays on or prior to December 16, 2021.
  • Emergency Assistance Program: All guests traveling before December 31, 2022 will receive coverage for emergency medical expenses during their stay, including those related to COVID-19.
  • PCR + Rapid Antigen Testing: As required for re-entry into the United States from international destinations, Club Med offers complimentary Rapid Antigen COVID-19 tests either on-site or off-site (dependent on the resort). PCR testing is also available at an additional cost.

Full details on the above policies can be found here. For resort images, please visit this link.

About Club Med 
Club Med, founded in 1950 by Gérard Blitz, is the pioneer of the all-inclusive concept, offering approximately 70 premium resorts in stunning locations around the world including North and South America, Caribbean, Asia, Africa, Europe and the Mediterranean. Each Club Med resort features authentic local style and comfortably upscale accommodations, superior sports programming and activities, enriching children’s programs, gourmet dining, and warm and friendly service by its world-renown staff with legendary hospitality skills, an all-encompassing energy and diverse backgrounds. 

Club Med operates in more than 30 countries and continues to maintain its authentic Club Med spirit with an international staff of more than 23,000 employees from more than 110 different nationalities. Led by its pioneering spirit, Club Med continues to grow and adapt to each market with three to five new resort openings or renovations per year, including a new Alpine ski resort annually. 

For more information, visit www.clubmed.us, call 1-800-Club-Med (1-800-258-2633), or contact a preferred travel professional. For an inside look at Club Med, follow Club Med on FacebookTwitterInstagram and YouTube

MEDIA CONTACT
QUINN PR
clubmed@quinn.pr

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SOURCE Club Med

Club Med Ushers In 2021 By Embracing A New Era Of Travel

MIAMI, Feb. 5, 2021 /PRNewswire/ — An unprecedented 2020 was challenging for the travel industry, and also provided valuable insight into travel trends for the year ahead and beyond. Club Med, the pioneer of the all-inclusive resort concept, lends its expertise by sharing insights from the previous year and predictions for travel…

MIAMI, Feb. 5, 2021 /PRNewswire/ — An unprecedented 2020 was challenging for the travel industry, and also provided valuable insight into travel trends for the year ahead and beyond. Club Med, the pioneer of the all-inclusive resort concept, lends its expertise by sharing insights from the previous year and predictions for travel trends in 2021.

«As the leader in all-inclusive vacations, Club Med continues to innovate through this challenging time by offering our guests the best in flexibility and safety,» says Carolyne Doyon, CEO and President of Club Med North America. «We’re utilizing our thoughtful and strategic analysis of 2020 learnings and 2021 market trends to deliver on travelers’ evolving wants and needs.»

A projected return to travel
Americans have started seeing the «light at the end of the tunnel» when it comes to travel. A recent Skift Research study reported that beginning in September 2020, for the first time during the pandemic, more Americans planned to increase their travel spend over the next 12 months. The most popular destinations include beaches and coastal drive-to markets.

While domestic travel continues to be preferred by the majority of travelers, a recent study conducted by Club Med found that 56% of travelers are looking to travel by Spring/Summer 2021 with most looking forward to returning to Turks and Caicos (47%) and Mexico (31%). Club Med has also seen significant interest in travelers who are booking for the 2021 holiday season. Considered «revenge bookings,» the trend indicates a strong interest in families getting together after canceled plans this last holiday season, with advance bookings for holidays at a 17% increase versus 2019.

As Club Med anticipates seeing a return to travel to the Caribbean islands and Mexico, resorts such as Club Med Cancún, Club Med Punta Cana, Club Med Michès Playa Esmeralda and the adults-exclusive Club Med Turkoise are poised to provide travelers, whether families, couples or singles, a restorative and safe experience to escape to in 2021. Domestically, Club Med Sandpiper Bay remains the brand’s top-selling resort for those looking for an escape closer to home.

Increased interest in international travel
The pandemic spurred increased domestic travel with Americans looking for shorter escapes closer to home. Through data compiled from recent sales, Club Med Sandpiper Bay in Florida saw a substantial increase in bookings in 2020 from travelers in drive-market regions. From June to December 2020, the resort reported 40% of travelers were from Florida.

However, according to The New York Times, while interest in domestic travel is likely to continue through 2021, interest in international travel has increased since the news of the vaccine. Club Med is well equipped to meet this demand for years to come through the consistent growth of their international portfolio, marking three to five new resort openings or renovations per year, including a new Alpine ski resort annually. Each resort is constructed with a low-density layout – which is defined by low-rise buildings that are spread out across 50+ acres and respectfully integrated in their surrounding natural environments – leaving plenty of space for guests to roam freely and comfortably.

Exemplifying their eco-friendly positioning, Club Med is set to open their eco-certified Seychelles (Indian Ocean) resort in March 2021. This will be its newest Exclusive Collection luxury resort, respectfully integrated along a preserved Marine National Park. In harmony with nature, the resort will offer nature conservation experiences, like marine conservation and turtle nesting. Club Med Québec Charlevoix is also opening in December 2021, with bookings already well underway. Located just outside Québec City in Le Massif de Charlevoix region, the all-inclusive resort is Club Med’s first four-season mountain property with unparalleled waterfront views of the Saint Lawrence River, amazing year-round outdoor activity options, full ski-in/ski-out access, and spacious accommodations. Club Med anticipates seeing a high level of bookings from Americans, as the resort is easy for them to get to and more cost-effective than a do-it-yourself ski vacation – for example, a 7-night do-it-yourself ski vacation for a family of 4 to Whistler would cost approx. $9,900; while at Club Med Québec Charlevoix, a similar vacation would cost $4,500.

Working remotely with extended stays
Travelers have shown an appetite for escaping the pandemic restrictions at home and extending their stays at all-inclusive resorts where they can work or study remotely while also relaxing. In June 2020 Club Med Sandpiper Bay in Florida reported a 9% increase in bookings for «short week» getaways – meaning a 4 to 5-night reservation during the week rather than the traditional long weekend getaway. According to the Skift Megatrends report, the pandemic and the rise of remote work will likely further blur the lines between business and leisure travel. A significant hike in the length of stay in vacation rentals highlights how travelers have been looking at other places to stay and work during the pandemic. Club Med is adapting to this trend by setting up Workation, a hybrid stay between working remotely and a vacation with the all-inclusive service à la Club Med. This remote work and learn option has been available at Club Med Sandpiper Bay since October 2020, delivering adults and children the tools they need to work remotely, including: premium wi-fi, dedicated workspaces (or free to roam and setup beachside!) and printer access. Club Med is looking to launch the concept in additional resorts soon.

Low-density resorts with safety protocols
Travelers will continue taking increased precautions to protect themselves from COVID-19 and expect the travel industry to provide them with peace of mind by offering increased safety precautions. Worldwide, Club Med’s Safe Together program has established a range of enhanced health and safety protocols that include protective face coverings for staff, hand sanitizer available throughout the resort, deep cleaning and frequent sanitizing of surfaces and facilities, social distancing, capped resort capacity, increased amount of already-existent single plated foods in main dining area buffets, and temperature checks on arrival and periodically during the stay. All Club Med properties in Florida, the Caribbean, and Mexico are POSI-Check certified, receiving recognition from Cristal for the Prevention of the Spread of Infection.

Travelers will also continue seeking destinations surrounded by nature, offering a variety of safe outdoor experiences. All of Club Med’s global resorts, including those in Florida, the Caribbean, and Mexico, meet this demand as they are low in density, spread across 50 acres of land and wide stretches of beaches, creating a sense of privacy and freedom. Each resort features multiple low-rise buildings that are only three stories high, sitting just below the treetops. To further accommodate social distancing practices, dining tables and lounge chairs throughout the resorts are more spaced out with an increased amount of outdoor seating, and activities and entertainment are also predominantly outdoors.

Contactless technology
Travel in 2021 will be more touchless than ever. A recent Booking.com study showed 64% of travelers agree that technology will be important in controlling health risks when traveling and 63% say that accommodations will need to use the latest technologies to make travelers feel safe. Club Med’s Easy Arrival contactless check-in/check-out prepares guests to fully enjoy vacations immediately. From signing up children for childcare services to booking ski equipment ahead of time at Club Med’s ski properties, everything will be ready for guests as soon as they arrive at the resort. The My Club Med app also allows guests to enjoy a seamless experience from the start of their trip to the end, with options to create a personalized itinerary, preview the daily activity schedules and, at select resorts, guests can book spa appointments and order room service. Coming soon, in order to abide by the CDC’s new requirements for entry into the United States, travelers will also be able to schedule their PCR/Antigen testing.

Wellness seekers
Skift predicts travelers will continue seeking outdoor and wellness-centric destinations. An unspoiled paradise hidden in the heart of a Dominican palm grove, Club Med Michès Playa Esmeralda is the first and only resort in Michès, offering guests a sense of intimacy and personalization. Set upon 93 acres with a 2,000-foot stretch of untouched beach, the resort’s architecture seamlessly and respectfully blends into its surroundings, featuring four boutique villages with distinct concepts designed to deliver tailored experiences for various segments. This ‘resort within a resort’ concept includes: 

  • Explorer Cove, a dedicated section designed for families with activities and kids clubs nearby
  • Caribbean Paradise, the alluring heart of the resort surrounded by lush tropical gardens and colorful décor designed for both families, couples and singles alike
  • Emerald Jungle, designed for wellness seekers with a natural Zen pool, spa, wellness bar and treetop wellness canopy
  • Archipelago, created exclusively for adults featuring floor-level oceanfront suites with private pools, outdoor showers and infinite views of the ocean just steps away

Sustainability
The pandemic has made many people aware of impacts on the environment and local communities. A Booking.com study found that more than 69% of travelers expect the travel industry to offer more sustainable options. Avid globetrotters are quickly getting behind the ‘go green’ initiative in tourism decisions and Club Med is proudly supporting the cause. In 2018, Club Med launched its Bye-Bye Plastics program, and is on track to ban single-use plastic products from bars, restaurants and rooms by 2021.

Tourism has a growing impact on the environment, which is why Club Med has always devoted itself to sustainable practices. Club Med’s Happy to Care program features a range of sustainable commitments based on values and practices which reflect sustainable development.

Club Med’s newest Exclusive Collection resort, Club Med Michès Playa Esmeralda, acts as the catalyst for Club Med’s environment-friendly positioning. Devoting its design, activities and elements to the surrounding region, the resort pays homage to the Dominican Republic’s ecological essence so guests who visit the resort can understand the natural beauty that first attracted many locals to the destination. The resort’s eco-chic concept is based on five core pillars: agriculture, immersion, waste management, energy and people. 

Sustainability is at the heart of the resort with special programs and initiatives, including:  

  • No single-use plastics in the resort
  • Locally sourced coffee and cacao products in the resort’s Coffee House, in partnership with local farmers
  • Employee uniforms are created out of recycled plastic bottles (currently more than 200,000+ bottles have been recycled for this initiative)
  • Programs have been implemented to provide more than 900 locals with language, vocational, and hospitality skill trainings
  • Strict eco-friendly certifications from the best in the industry: BREEAM certification for the construction process, and Green Globe certification for the operations
  • Solar panel project – an estimated 45,000 square feet of solar panels are being installed in the resort to generate renewable energy
  • Programs to stimulate the local economy are underway via various farming development projects to increase the efficiency, quality and demand for local farmers
  • In-resort plant nursery currently houses 30,000+ new plants, and more than 2,000 trees were preserved or re-planted during the construction process
  • Family environmental workshops offer interactive, fun and educational sessions for parents and children to learn about the environment together and participate in hands-on gardening activities

Flexible travel options
According to the United States Tour Operators Association, the most frequently asked question by travelers who made new bookings this fall was regarding cancellation or refund policies. Flexible booking policies are anticipated to continue into 2021 and beyond. To ensure added flexibility and peace of mind for travelers, Club Med offers:

  • Free Cancellation Policy: For new bookings made on or after May 18, 2020, guests can receive a full refund should they need to cancel their stay (up to 15 days prior to the anticipated travel date) for stays on or prior to December 16, 2021.
  • Emergency Assistance Program: All guests traveling before December 31, 2022 will receive coverage for emergency medical expenses during their stay, including those related to COVID-19.
  • PCR + Rapid Antigen Testing: As required for re-entry into the United States from international destinations, Club Med offers complimentary Rapid Antigen COVID-19 tests either on-site or off-site (dependent on the resort). PCR testing is also available at an additional cost.

Full details on the above policies can be found here. For resort images, please visit this link.

About Club Med 
Club Med, founded in 1950 by Gérard Blitz, is the pioneer of the all-inclusive concept, offering approximately 70 premium resorts in stunning locations around the world including North and South America, Caribbean, Asia, Africa, Europe and the Mediterranean. Each Club Med resort features authentic local style and comfortably upscale accommodations, superior sports programming and activities, enriching children’s programs, gourmet dining, and warm and friendly service by its world-renown staff with legendary hospitality skills, an all-encompassing energy and diverse backgrounds. 

Club Med operates in more than 30 countries and continues to maintain its authentic Club Med spirit with an international staff of more than 23,000 employees from more than 110 different nationalities. Led by its pioneering spirit, Club Med continues to grow and adapt to each market with three to five new resort openings or renovations per year, including a new Alpine ski resort annually. 

For more information, visit www.clubmed.us, call 1-800-Club-Med (1-800-258-2633), or contact a preferred travel professional. For an inside look at Club Med, follow Club Med on FacebookTwitterInstagram and YouTube

MEDIA CONTACT
QUINN PR
clubmed@quinn.pr

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SOURCE Club Med

IPL announces agreement to acquire solar project in Clinton County

INDIANAPOLIS, Feb. 5, 2021 /PRNewswire/ — Indianapolis Power & Light Company (IPL), a subsidiary of the AES Corporation (NYSE: AES), today announced an agreement to acquire a 195 megawatt solar project. Expected to be completed in 2023, the solar project will be located in Clinton County, Ind., and

INDIANAPOLIS, Feb. 5, 2021 /PRNewswire/ — Indianapolis Power & Light Company (IPL), a subsidiary of the AES Corporation (NYSE: AES), today announced an agreement to acquire a 195 megawatt solar project. Expected to be completed in 2023, the solar project will be located in Clinton County, Ind., and Invenergy will develop the project and manage construction. Once operating, the solar facility will generate enough electricity to power more than 30,000 homes. The acquisition agreement is subject to approval from the Indiana Utility Regulatory Commission.

«IPL has a long history of providing safe, reliable and affordable electric service to our customers,» said Kristina Lund, IPL President and CEO. «Our investment in solar energy allows us to diversify our electric generation portfolio, while still reliably serving our customers.»

Through its recent Integrated Resource Plan, IPL identified a need for new generation resources to serve our customers’ needs. An extensive process which included an all-source request for proposals led IPL to Chicago-based Invenergy, a leading global developer and operator of sustainable energy solutions with extensive experience in solar generation.

In addition to providing affordable, renewable energy and diversifying IPL’s portfolio, the solar project will create 200 temporary construction jobs and provide landowners in the area lasting economic benefits.

«The recent advancements in digital technologies and renewable energy give our customers a wide variety of options when it comes to how they power their homes and businesses,» said Lund. «Gone are the days when customers had to choose between reliability, affordability and sustainability. Now they can have all three, and this solar project is a great example of how IPL can help our customers achieve their most important personal and business objectives.» 

Construction on the project is expected to begin in the fall of 2021 and reach commercial operation in 2023.

About Indianapolis Power & Light Company (IPL)
Indianapolis Power & Light Company (IPL), an AES Company, provides retail electric service to more than 490,000 residential, commercial and industrial customers in Indianapolis, as well as portions of other Central Indiana communities surrounding Marion County. During its long history, IPL has supplied its customers with some of the lowest-cost, most reliable power in the country. For more information about the company, please visit IPLpower.com  or connect at twitter.com/IPLpowerfacebook.com/IPLpower or linkedin.com/company/IPLpower.

About AES
The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we’re improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today. For more information, visit www.aes.com.

About Invenergy
We are innovators building a sustainable world. Invenergy and its affiliated companies develop, own, and operate large-scale sustainable energy generation and storage facilities in the Americas, Europe and Asia. Invenergy’s home office is located in Chicago, and it has regional development offices in the United States, Canada, Mexico, Colombia, Japan, Poland and Scotland. Invenergy has successfully developed more than 25,000 megawatts of projects that are in operation, construction or contracted, including wind, solar, natural gas power generation facilities, and advanced energy storage projects as well as transmission infrastructure. For more information, please visit www.invenergy.com.

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SOURCE AES CORP.

Global Automotive Trailer Market Report 2020: Market was Valued at $24.72 Billion in 2019 and is Estimated to Garner $35.10 Billion by 2030

DUBLIN, Feb. 5, 2021 /PRNewswire/ — The «Automotive Trailer Market by Trailer Type, by Axle Type, by Vehicle Type – Global Opportunity Analysis and Industry Forecast, 2020-2030» report has been added to ResearchAndMarkets.com’s offering.

Research and Markets Logo

The Global Automotive Trailer Market was valued at USD 24.72 billion in 2019 and is estimated to garner USD 35.10 billion by 2030 at a CAGR of 3.2% during the forecast period, from 2020 to 2030.

Automotive trailers are unpowered vehicles towed by powered vehicles attached through a hitch. These trailers hold wide applications in the transportation of goods & commodities inside a country or internationally. They are also used for recreational purposes such as to carry luggages, fishing boats, or used as mobile homes with limited facilities.

Market Dynamics and Trends

The growth of the automotive trailer market is attributed to the rapid growth in the transportation and logistics industry, advancements in infrastructure, increase in re-creational activities, and traction in the global trade. Moreover, automotive trailers offer benefits such as low fuel consumptions and emissions of GHG gases, large cargo carrying capacity, and eco-friendly modulations further boosting the market growth.

However, low re-sale value of these trailers and high maintenance costs of suspensions are hampering the market growth. On the other hand, increase in per-capita income and advancements in product technologies are creating lucrative opportunities for the automotive trailer market.

Market Segmentations and Scope of the Study:

The global automotive trailer market is segmented on the basis of trailer type, axle type, vehicle type, and geography. On the basis of trailer type, the market is segmented into dry van & box, refrigerator, chemical & liquid, tipper, flatbed, and others. In terms of axle type, the market is segregated into single axle, tandem axle, and three or more than three axles. Based on vehicle type, the market is divided into two-wheeler & bike, passenger car, and commercial vehicle. On the basis of geography, the market is classified as North America, Europe, Asia-Pacific, and Rest of World (RoW).

Geographical Analysis

North America is expected to account for a major share of the market and this trend is estimated to continue during the forecast period due to factors such as presence of key market players, increase in global trade, technological advancements, and increase in R&D activities for improving product technology.

The market in Asia Pacific is expected to grow during the forecast period owing to the low cost of trailers, rapid industrialization, increase in recreational activities, and rise in disposable income.

Competitive Landscape

Key players in the automotive trailer market are China International Marine Containers Co., Ltd, Dennison Trailers Ltd., Schmitz Cargobull Aktiengesellschaft, Humbaur GmbH, Wabash National Corporation, Bockmann Fahrzeugwerke GmbH, Great Dane, Ifor Williams Trailers Ltd., Utility Trailer Manufacturing Company, and Hyundai Motor Group among others.

In November 2019, Schmitz Cargobull introduced its high-volume rigid trucks with drawbar trailers and popular power curtain tarpaulin. The MEGA versions of the M.CS rigid truck curtainsider and Z.CS central axle curtainsider drawbar trailer offer up to 500 kilograms extra payload; and optional lath-free POWER CURTAIN tarpaulin. The high-volume rigid truck and drawbar trailer combination offers space for up to 38 Euro pallets.

In December 2019, Dennison Trailers signed a deal to supply Dyce Carriers with 20 new oil spec platform skeletal trailers for its fleet. The deal aims at providing high-quality haulage for the clients and a commitment to first-rate services.

Key Topics Covered:

1. Introduction
1.1. Report Description
1.2. Research Methodology

2. Market Snapshot, 2019-2030 Million Usd
2.1. Market Snapshot

3. Porter’s Five Force Model Analysis

4. Market Dynamics
4.1. Growth Drivers
4.2. Challenges
4.3. Opportunities

5. Global Automotive Trailer Market, by Trailer Type
5.1. Overview
5.2. Dry Van & Box
5.3. Refrigerator
5.4. Chemical & Liquid
5.5. Tipper
5.6. Flatbed

6. Global Automotive Trailer Market, by Axle Type
6.1. Overview
6.2. Single Axle
6.3. Tandem Axle
6.4. Three or More Than Three Axle

7. Global Automotive Trailer Market, by Vehicle Type
7.1. Overview
7.2. Two-Wheeler & Bike
7.3. Passenger Car
7.4. Commercial Vehicle

8. Global Automotive Trailer Market, by Region
8.1. Overview

9. Company Profiles

  • China International Marine Containers Co., Ltd
  • Dennison Trailers Ltd.
  • Schmitz Cargobull Aktiengesellschaft
  • Humbaur GmbH
  • Wabash National Corporation
  • Bockmann Fahrzeugwerke GmbH
  • Great Dane
  • Ifor Williams Trailers Ltd.
  • Utility Trailer Manufacturing Company
  • Hyundai Motor Group

For more information about this report visit https://www.researchandmarkets.com/r/vro34g

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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SOURCE Research and Markets

Milliman analysis: Corporate pension funded ratio climbs to 89.8% in January

SEATTLE, Feb. 5, 2021 /PRNewswire/ — Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

In January, corporate pension funding improved by $39 billion thanks to a 16-point increase in the monthly discount rate, from December’s 2.46% to 2.62% as of January 31. As a result, the funded…

SEATTLE, Feb. 5, 2021 /PRNewswire/ — Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

In January, corporate pension funding improved by $39 billion thanks to a 16-point increase in the monthly discount rate, from December’s 2.46% to 2.62% as of January 31. As a result, the funded status deficit dropped to $196 billion at month’s end, the first time it has dipped below $200 billion in over a year. Meanwhile, the market value of assets dropped by $7 billion for the month, the result of a -0.21% investment loss. Overall the funded ratio for the Milliman PFI plans climbed from 88.1% at the end of December 2020 to 89.8% as of January 31.

«Over the past four months, we’ve seen the funded ratio for these plans climb steadily upward,» said Zorast Wadia, author of the Milliman 100 PFI. «January’s discount rate bump was good news for corporate pensions, especially coming on the heels of last quarter’s $70 billion funded status improvement.»

Looking forward, under an optimistic forecast with rising interest rates (reaching 3.17% by the end of 2021 and 3.77% by the end of 2022) and asset gains (10.5% annual returns), the funded ratio would climb to 104% by the end of 2021 and 123% by the end of 2022.  Under a pessimistic forecast (2.07% discount rate at the end of 2021 and 1.47% by the end of 2022 and 2.5% annual returns), the funded ratio would decline to 84% by the end of 2021 and 77% by the end of 2022.

To view the complete Pension Funding Index, go to www.milliman.com/pfi. To see the 2020 Milliman Pension Funding Study, go to www.milliman.com/pfs. To receive regular updates of Milliman’s pension funding analysis, contact us at pensionfunding@milliman.com.

About Milliman
Milliman is among the world’s largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe.  For further information, visit milliman.com.

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SOURCE Milliman, Inc.