Categoría: Marco carvajal

Global Electric Vehicle Battery Reuse & Recycling Market Report 2020: Collaborations Between Private and Public Entities will Become an Important Strategy

DUBLIN, Jan. 8, 2021 /PRNewswire/ — The «Evolution of the Global Electric Vehicle Battery…

DUBLIN, Jan. 8, 2021 /PRNewswire/ — The «Evolution of the Global Electric Vehicle Battery Reuse & Recycling Market, Forecast to 2025» report has been added to ResearchAndMarkets.com’s offering.

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China will continue to dominate the electric vehicle (EV) battery reuse and recycling market because it is the world’s largest EV market. The rising number of EVs on the road is anticipated to increase the cost of the key materials used in batteries (lithium and cobalt, for example).

To reduce their dependence on the import of key materials from other countries, many companies have decided to construct their own facilities for the recycling of batteries. Existing recycling methods are based on chemical extraction processes tailored for single, specific elements (mainly, lithium and cobalt). The need of the hour is a new technology/solution that will help to overcome the challenge of having separate extraction processes for various elements.

Given the challenges battery disposal presents, recycling works as an opportunity to increase profit margins and decrease footprint, which will act as additional benefits for stakeholders. Battery manufacturers are working on a unified design that will be easy to dismantle; information can also be shared about battery controlling systems’ interfaces and communication protocol.

Collaborations between private and public entities will become an important strategy for effective advanced vehicle battery recycling. Innovative business models such as the Tesla-Umicore partnership create arrangements that are as good for the company as they are for the community; they also demonstrate how a recycling system can be both profitable and environmentally sound.

Supportive regulations that focus on the recycling of Li-ion batteries will alleviate material scarcity, lower material costs, and reduce energy usage, emission, and mining-related impacts. Robust investments in collection and recycling infrastructure and technology for new-generation vehicle batteries, along with effective regulations, will promote higher collection and recycling rates for Li-ion batteries.

Key Topics Covered:

1. Executive Summary

  • 2019 Highlights
  • Li-ion Batteries – Types of Chemistries
  • Li-ion Battery Portfolio and Battery Chemistry Value Chain
  • The Journey of the Li-ion Battery
  • Responsibility Scenarios
  • Key Trends Impacting the Market

2. Research Scope and Segmentation

  • Research Scope
  • Research Aim and Objectives
  • Key Questions this Study will Answer
  • Research Background
  • Research Methodology

3. Global EV Battery Reuse and Recycling Market Outlook

  • 2019 Highlights
  • Recovery Process for Used Li-ion Batteries
  • Recycling of Batteries
  • Li-ion Batteries – Types of Recycling Methodologies and Comparison
  • Key Trends Impacting the Market
  • Challenges and Barriers in the Battery Recycling Process

4. Chemistry of Li-ion Batteries

  • Li-ion Batteries – Types of Chemistries
  • Li-ion Batteries – Types of Chemistries
  • Li-ion Battery Portfolio and Battery Chemistry Value Chain
  • Li-ion Batteries – Adoption Trend by OEMs

5. Reuse and Recycling Methods and Value Chain

  • The Journey of the Li-ion Battery
  • Design for the Disassembly of EV Battery Packs
  • Li-ion Batteries – Recycling Value Chain
  • Responsibility Scenarios
  • Battery Recycling Companies
  • Li-ion Batteries – Recycling Value Chain (Basic Outline)
  • Service and Collection
  • Dismantling and Sorting
  • Battery Quality Check
  • Battery Reuse
  • Second-Life Battery Application
  • Battery Scrap
  • Battery Material Refining
  • Battery Remanufacturing

6. Existing Business Models

  • Existing Reuse and Recycle Business Models

7. Reuse and Recycling Policies

  • Recycling and Reuse of EV Li-ion Batteries
  • Outlook for Battery Reuse and Recycling Policies – US and Canada
  • Outlook for Battery Reuse and Recycling Policies – Europe
  • Outlook for Battery Reuse and Recycling Policies – China

8. Growth Opportunities and Companies to Action

  • Growth Opportunities
  • Strategic Imperatives

9. Key Conclusions

10. Appendix

Companies Mentioned

  • Tesla
  • Umicore

For more information about this report visit https://www.researchandmarkets.com/r/ohvn6f

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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For U.S./CAN Toll Free Call +1-800-526-8630
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Iowa’s Sports Betting Market Poised for Boom with Expiration of In-Person Registration, According to PlayIA.com

LAS VEGAS, Jan. 8, 2021 /PRNewswire/ — Iowa took a monumental step in its development as a sports betting industry on New Year’s Day with the expiration of the state’s in-person registration requirement to bet online, opening the door to exponential growth that should generate billions in annual wagers, according to analysts for PlayIA,…

LAS VEGAS, Jan. 8, 2021 /PRNewswire/ — Iowa took a monumental step in its development as a sports betting industry on New Year’s Day with the expiration of the state’s in-person registration requirement to bet online, opening the door to exponential growth that should generate billions in annual wagers, according to analysts for PlayIA, which tracks Iowa’s legal sports betting and gambling industries.

«The in-person registration requirement has unquestionably stunted the growth of Iowa’s online sports betting, which the main engine in every state where online sports betting is legal,» said Jessica Welman, analyst for PlayIA.com. «With the requirement in place, Iowa would have never reached its potential as a market. Letting the requirement expire is akin to correcting a mistake, and we expect Iowa to blossom because of that correction.»

PlayIA analysts projected in 2019 that within five years Iowa would grow into a market that generated more than $4 billion in bets annually, more than $300 million a year in operator revenue, and more than $20 million a year in state taxes.

But Iowa’s start has been muted by in-person-registration, which required that online bettors sign up in-person at a physical sportsbook. Since launching in August 2019, Iowa has generated a total $682.6 million in wagers and $53.4 million revenue, according to official statistics. That has produced $3.7 million in state taxes.

Illinois launched earlier this year with an in-person registration requirement and then suspended it over the summer. The effect on that market was immediate. With just one operator, Illinois grew wagers to $52.5 million in July 2020 from $8.3 million in June 2020 and saw an immediate influx of 230,000 mobile sports betting accounts in the days after the state lifted in-person registration requirements, all as a slew of new operators launched.

In the months since, Illinois has grown to the fourth largest market in the U.S., generating $434.4 million in wagers in October 2020 alone.

«Illinois showed just how much drag in-person registration puts on a market,» said Dustin Gouker, analyst for PlayIA.com. «It was an uneven, unsure start, but almost as soon as the registration requirement was suspended the market embarked on an expansion that has been the most rapid in U.S. history.»

In November, Iowa ranked No. 7 among states where sports betting is legal with a state record $87.2 million in wagers. That still significantly lagged No. 6 Colorado, which has about twice the population as Iowa but attracted $231.2 million in November bets.

Home to some of the best-known brands in online sports betting, operators’ interest in the Hawkeye State has already increased. BetMGM, one of the largest operators in the U.S., launched on Monday. And more could come soon.

«With a fair tax rate and strong regulatory framework, Iowa was already an attractive market for operators,» Welman said. «This was the missing piece. With the in-person registration requirement now gone, Iowa can truly reach its potential as a sports betting market.»

For more information and analysis on regulated sports betting in Iowa, visit 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.

Contact:
Zack Hall, DVA Advertising & PR, 541-389-2411, 288749@email4pr.com 

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SOURCE PlayIA.com

Global Automotive Hub Motors Market (2020 to 2028) – Featuring Protean, Elaphe and Michelin Group Among Others

DUBLIN, Jan. 8, 2021 /PRNewswire/ — The «Automotive Hub Motors Market Size, Market Share, Application Analysis, Regional Outlook, Growth…

DUBLIN, Jan. 8, 2021 /PRNewswire/ — The «Automotive Hub Motors Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 to 2028» report has been added to ResearchAndMarkets.com’s offering.

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The report offers strategic insights into the global automotive hub motors market along with the market size and estimates for the duration 2018 to 2028. The said research study covers an in-depth analysis of market segments based on motor type, application, and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2019 & 2028. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.

An automotive hub motor also called a wheel motor, in-wheel motor, or wheel hub drive is an electric motor fitted in the hub of the wheel. These motors are primarily used in electric bicycles and are witnessing a steady rise across other applications such as electric cars and commercial vehicles. The most prominent factor driving the market growth is the consistently rising penetration of electric bicycles as well as vehicles across different countries including China, Germany, Japan, Belgium, Norway, France, the U.K., and the Netherlands. The penetration of electric vehicles is witnessing strong growth, especially in Europe. Subsequently, the demand for hub motors would continue expanding over the forecast period.

Another prominent factor fueling the market growth is the superior advantages of automotive hub motors over conventional drives. Several hub motor manufacturers are putting in efforts to develop viable hub motor designs that can cater to a wide range of vehicles. In the near future, many major automotive manufacturers have expressed their desire to venture into the electric vehicle segments considering its huge potential. Thus, the automotive hub motor market can capitalize on this growth of electric vehicles. Nevertheless, major concerns for the automotive hub motors market is the strict necessity of electric supply onboard the vehicle. Similarly, unsprung weight is another major concern affecting the design of vehicles equipped with hub motors.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading automotive hub motor vendors, their business strategy analysis, market positioning, and key developments. Some of the major players profiled in the report are Heinzmann GmbH & Co. KG, Protean Electric Ltd., Elaphe Ltd., Taizhou Quanshun Motor Co., Ltd, Mitsubishi Motors, Schaeffler Technologies AG & Co. KG, TDCM Corporation Ltd., Michelin Group, Magnetic Systems Technology Ltd., SIM-Drive Corporation, GO SwissDrive AG, QS Motor Co., Ltd. and several others. Apart from the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the automotive hub motors industry
  • Comparative analysis for different segments for the years 2019 & 2028
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis including the positioning of market players and their business strategy analysis
  • Trailing 2-Year market size data (2018 – 2019)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global automotive hub motors market, offering market size and estimates for the period from 2020 to 2028, keeping in mind the above-mentioned factors.

On the basis of Application, the global automotive hub motors market is segmented into the following categories:

  • Two-wheelers
  • Electric Cars
  • Commercial Vehicles

In 2019, the overall automotive hub motors market worldwide is led by the two-wheelers segment. The segment contributes to more than 40% of the global market revenue, in 2019. Electric bicycles, scooters, and bikes have witnessed fairly high penetration across different countries worldwide. Countries such as China, Japan, South Korea, Germany, the Netherlands, and few others have strong penetration of electric two-wheelers. With the continually rising adoption of electric two-wheelers from countries such as the U.S., India, and other European countries, the segment would continue experiencing strong growth over the forecast period.

The electric cars segment is yet to pick up due to relatively less commercialization of these vehicles. Although there are several production electric cars currently available, electric cars are yet to become popular, as compared to the two-wheelers segment. With the consistently growing efforts towards the betterment of electric car design and affordability, the segment is set to witness high growth in the following years. This would generate a high demand for related components such as a hub motor. Subsequently, electric cars would register the highest growth during the forecast period.

Based on the geography, the global automotive hub motors market is segmented as per the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • South Asia
  • Rest of Asia Pacific
  • Rest of the World (RoW)
  • Middle East & Africa (MEA)
  • Latin America

The global automotive hub motors market is led by the Asia Pacific region. In 2019, the region contributes to more than 40% of the overall market revenue generated worldwide. The automotive hub motors market here is primarily governed by countries such as China, Japan, and some of the Southeast Asia countries. These countries have strong penetration of electric two-wheelers, making them the most prominent markets for the related components. In addition, China is one of the largest producers of electric two-wheelers and related components. This makes the country one of the largest markets for hub motors.

With the anticipated strong growth in the electric vehicles segment, Asia Pacific is set to maintain its dominant position in the global market in the following years. Europe and North America followed the Asia Pacific, in terms of revenue, in the market. The market here is primarily governed by the strong penetration of electric vehicles in the Western Europe region. Countries including Norway, Germany, the U.K., France, and several others are generating strong demand for electric vehicles. As a result, the region would exhibit strong growth in the automotive hub motor market in the following years.

Key Topics Covered:

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Automotive Hub Motors
2.2 Global Automotive Hub Motors Market, By Type
2.3 Global Automotive Hub Motors Market, By Application
2.4 Global Automotive Hub Motors Market, By Geography

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Automotive Hub Motors Market Revenue and Growth, 2018 – 2028, (US$ Mn) (%)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends
3.5 Attractive Investment Proposition
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Vendors
3.6.2 Key Strategies Adopted by the Leading Players

Chapter 4 Global Automotive Hub Motors Market Analysis, by Type
4.1 Overview
4.2 Direct Drive (Gearless) Hub Motor
4.3 Geared Hub Motor

Chapter 5 Global Automotive Hub Motors Market Analysis, By Application
5.1 Overview
5.2 Two-wheelers
5.3 Electric Cars
5.4 Commercial Vehicles

Chapter 6 North America Automotive Hub Motors Market Analysis
6.1 Overview
6.2 North America Automotive Hub Motors Market Analysis, By Type, 2018 – 2028
6.2.1 Comparative Analysis
6.3 North America Automotive Hub Motors Market Analysis, By Application, 2018 – 2028
6.3.1 Comparative Analysis
6.4 North America Automotive Hub Motors Market Analysis, By Region, 2018 – 2028
6.4.1 U.S.
6.4.1.1 U.S. Automotive Hub Motors Market Analysis, By Type, 2018 – 2028
6.4.1.2 U.S. Automotive Hub Motors Market Analysis, By Application, 2018 – 2028
6.4.2 Canada
6.4.2.1 Canada Automotive Hub Motors Market Analysis, By Type, 2018 – 2028
6.4.2.2 Canada Automotive Hub Motors Market Analysis, By Application, 2018 – 2028

Chapter 7 Europe Automotive Hub Motors Market Analysis
7.1 Overview
7.2 Europe Automotive Hub Motors Market Analysis, By Type, 2018 – 2028
7.2.1 Comparative Analysis
7.3 Europe Automotive Hub Motors Market Analysis, By Application, 2018 – 2028
7.3.1 Comparative Analysis
7.4 Europe Automotive Hub Motors Market Revenue, By Region, 2018 – 2028
7.4.1 U.K.
7.4.1.1 U.K. Automotive Hub Motors Market Analysis, By Type, 2018 – 2028
7.4.1.2 U.K. Automotive Hub Motors Market Analysis, By Application, 2018 – 2028
7.4.2 Germany
7.4.2.1 Germany Automotive Hub Motors Market Analysis, By Type, 2018 – 2028
7.4.2.2 Germany Automotive Hub Motors Market Analysis, By Application, 2018 – 2028
7.4.3 France
7.4.3.1 France Automotive Hub Motors Market Analysis, By Type, 2018 – 2028
7.4.3.2 France Automotive Hub Motors Market Analysis, By Application, 2018 – 2028
7.4.4 Rest of Europe
7.4.4.1 Rest of Europe Automotive Hub Motors Market Analysis, By Type, 2018 – 2028
7.4.4.2 Rest of Europe Automotive Hub Motors Market Analysis, By Application, 2018 – 2028

Chapter 8 Asia Pacific Automotive Hub Motors Market Analysis
8.1 Overview
8.2 Asia Pacific Automotive Hub Motors Market Analysis, By Type, 2018 – 2028
8.2.1 Comparative Analysis
8.3 Asia Pacific Automotive Hub Motors Market Analysis, By Application, 2018 – 2028
8.3.1 Comparative Analysis
8.4 Asia Pacific Automotive Hub Motors Market Revenue, By Region, 2018 – 2028
8.4.1 China
8.4.1.1 China Automotive Hub Motors Market Analysis, By Type, 2018 – 2028
8.4.1.2 China Automotive Hub Motors Market Analysis, By Application, 2018 – 2028
8.4.2 Japan
8.4.2.1 Japan Automotive Hub Motors Market Analysis, By Type, 2018 – 2028
8.4.2.2 Japan Automotive Hub Motors Market Analysis, By Application, 2018 – 2028
8.4.3 Rest of Asia Pacific
8.4.3.1 Rest of Asia Pacific Automotive Hub Motors Market Analysis, By Type, 2018 – 2028
8.4.3.2 Rest of Asia Pacific Automotive Hub Motors Market Analysis, By Application, 2018 – 2028

Chapter 9 Rest of the World (RoW) Automotive Hub Motors Market Analysis
9.1 Overview
9.2 RoW Automotive Hub Motors Market Analysis, By Type, 2018 – 2028
9.2.1 Comparative Analysis
9.3 RoW Automotive Hub Motors Market Analysis, By Application, 2018 – 2028
9.3.1 Comparative Analysis
9.4 RoW Automotive Hub Motors Market Revenue, By Region, 2018 – 2028
9.4.1 Middle East & Africa (MEA)
9.4.1.1 MEA Automotive Hub Motors Market Analysis, By Type, 2018 – 2028
9.4.1.2 MEA Automotive Hub Motors Market Analysis, By Application, 2018 – 2028
9.4.2 Latin America
9.4.2.1 Latin America Automotive Hub Motors Market Analysis, By Type, 2018 – 2028
9.4.2.2 Latin America Automotive Hub Motors Market Analysis, By Application, 2018 – 2028

Chapter 10 Company Profiles
10.1 Heinzmann GmbH & Co. KG
10.2 Protean Electric Ltd.
10.3 Elaphe Ltd.
10.4 Taizhou Quanshun Motor Co., Ltd.
10.5 Mitsubishi Motors Corporation
10.6 Schaeffler Technologies AG & Co. KG
10.7 TDCM Corporation Ltd.
10.8 Michelin Group
10.9 Magnetic Systems Technology Ltd.
10.10 SIM-Drive Corporation
10.11 GO SwissDrive AG

For more information about this report visit https://www.researchandmarkets.com/r/tpv8r4

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   

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

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Outlook on the Aircraft Engines Global Market to 2028 – by Engine Type, Aircraft Type, Application and Geography

DUBLIN, Jan. 8, 2021 /PRNewswire/ — The «Aircraft Engines Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends,…

DUBLIN, Jan. 8, 2021 /PRNewswire/ — The «Aircraft Engines Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 to 2028» report has been added to ResearchAndMarkets.com’s offering.

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The report offers strategic insights into the global aircraft engines market with a focus on the market size and estimates for the duration 2018 to 2028. The said research study covers an in-depth analysis of market segments based on engine type, aircraft type, application, and cross-sectional study across different geographies. The study covers the comparative analysis of each sub-segment for the years 2019 & 2028. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.

Aircraft engine can be defined as the most vital parts of the propulsion system which converts fuel energy into useful mechanical energy used to lift and propel the aircraft. Almost every aircraft except some hybrid or solar-powered aircraft use some form of the mechanical engine for their propulsion. A variety of aircraft engines are available for different end-use application aircraft including, passenger, cargo, military, and aerospace applications. Air transport for cargo and military application has been on the rise consistently for the past few decades. In order to fulfill the demand, a number of new aircraft are introduced continuously. With a consistently rising demand for all the aforementioned end-user application, the aircraft engines market is also expected to grow in proportion to the demand for aircraft.

With the onset of the COVID-19 pandemic, there has been a significant decline in air travel in 2020. For instance, some of the major airports across the world witnessed a fall of about 90% in terms of the number of people traveling. This has resulted in an unprecedented downturn in the overall airline industry. Thereby, the demand for aircraft engines from the commercial segment is expected to witness a significant decline during the forecast period from 2020 to 2028. However, the demand from military and government applications is expected to remain steady during the forecast period from 2020 to 2028.

Rising fuel prices, strict emission norms, and the need for powerful engines have forced the aircraft engine manufacturers to upgrade their existing products. In order to fulfill the aforementioned demands, aircraft engine manufacturers are engaged to design and develop more sophisticated and efficient engines. Aircraft with better fuel injection systems and low noise emission is a result of perpetual technological development in the field of engine design. Manufacturing companies, OEMs, and airline companies are forming alliances and strategic partnerships to develop better and economical engines for different end-use aircraft verticals. In addition, the companies are also striving to acquire contracts from government airline agencies and military organizations to provide aircraft engines. Owing to breath-taking competition between airline companies and continued demand for new aircraft, the overall aircraft engines market is expected to demonstrate a uniform growth throughout the forecast period.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading aircraft engine manufacturing companies, their strategies, market positioning, and key developments. Some of the major players profiled in the report include General Electric Company, Rolls-Royce Motor Cars Limited, Honeywell International Inc., United Technologies Corporation, Pratt & Whitney Division, Snecma S.A, Hindustan Aeronautics Limited, United Technologies Corporation, Safran, The Boeing Company, International Aero Engines AG, Engine Alliance LLC, Extron, Inc. and MTU Aero Engines AG.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the aircraft engine.
  • Market fuelers, market impediments, and their impact on the market growth
  • Market inclination insights and key trend analysis for aircraft engines market
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2018 – 2019)

Overall, the research study provides a holistic view of the global aircraft engines market, offering market size and estimates for the period from 2020 to 2028, keeping in mind the above-mentioned factors.

The global aircraft engines market is segmented, based on aircraft type, into the following categories:

  • Fixed Wing Aircraft
  • Rotary Wing Aircraft

In 2019, the fixed-wing was the dominating segment in terms of revenue in the overall aircraft engines market by wing type. Fixed-wing aircraft generally includes airplanes and gliders with a small capacity. Fixed-wing aircraft are extensively used in commercial aviation as well as for cargo application. In addition, fixed-wing

aircraft are also used for fighter planes for defense applications. With a wide variety of end-use applications and consistently growing demand for the aforementioned application, the market for fixed-wing aircraft is expected to dominate the segment throughout the forecast period.

Rotary wing aircraft engine trailed the fixed-wing aircraft market in the base year of 2019. Rotary wing aircraft or helicopters are used for a wide array of applications such as commercial air transport, emergency medical transport, rescue operations, and many other military and defense applications. The growing demand for all the aforementioned applications has promoted rotary-wing aircraft from past decades. Consequently, the demand for engines for rotary aircraft engines is expected to grow consistently in the following years.

The global aircraft engines market is segmented, based on engine type, into the following categories:

  • Turboprop
  • Turbofan
  • Turboshaft
  • Piston Engine

In 2019, the turbofan engine dominated the overall aircraft engines market in terms of revenue. The turbofan engines are commonly used for civil and commercial aircraft. Perpetual development in the field of civil aviation and aircraft engines has been observed for the past few years. This has drawn the attention of many major airline companies to invest in advanced turbofan engines. The demand for such engines is rising consistently due to its fuel economy and reliability of the engines. Owing to the aforementioned factors, the market for the turbofan engine is expected to grow throughout the forecast period.

Turboshaft engines trailed the turbofan engine in terms of revenue in the overall aircraft engines market in the base year of 2019. Turboshaft engines are extensively used in helicopters. Consistently rising demands for helicopters for a variety of end-use applications including commercial aviation, medical services, emergency, and rescue operations, and military applications have boosted the demand for the turboshaft engines. The engines are small and economical compared to other aircraft engines. Owing to the features and versatility offered by the helicopters, the market for the turboshaft engine is expected to demonstrate consistent growth in the following years.

The global aircraft engines market is segmented, based on application, into the following categories:

  • Commercial Aircraft
  • Military Aircraft
  • Others

Consistently growing trade and passenger transport among different countries has boosted the commercial aviation industry significantly. The blooming aviation industry has generated the demand for new and advanced aircraft. Manufacturers are continuously engaged in the enhancement of current engines for a more economical and comfortable aviation experience. With the perpetual growth of commercial aviation, the market segment is expected to dominate the overall aircraft engines market throughout the forecast period. In 2019, the commercial aircraft engines segment dominated the overall aircraft engines market. However, the commercial segment is expected to witness lower demand due to the travel restrictions resulting from the COVID-19 pandemic during the forecast period from 2020 to 2028.

The military aircraft engine segment trailed the commercial aircraft engine segment in the base year 2019. Military and defense organization across the globe are consistently strengthening their air-force defense system by adding a new and improved version of fighter aircraft and helicopters. Rising terrorist activities and territorial disputes among nations have forced the nation to incorporate state of the art air defense system including fighter aircraft and helicopters. Subsequently, the military aircraft engine segment is expected to grow at a significant rate in the following years. In addition, with curtailed demand from the commercial segment, military and government applications offer key growth opportunities in the aircraft engines market.

The global aircraft engines market has been segmented, on the basis of geographical regions, as per the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • Middle East and Africa

In 2019, North America dominated the overall aircraft engines market in terms of revenue as well as in volume. A consistent rise in the aviation industry has been observed in the past few years in North America especially in the U.S. Rising trade activities and passenger transportation has encouraged the growth of the aviation industry. Consequently, the demand for aircraft engines has uplifted significantly. In addition, strengthening the defense capabilities of new and advanced aircraft has also aided the overall aircraft engines market to flourish in this region. North America is expected to dominate the overall aircraft engines market throughout the forecast period from 2020 to 2028.

Europe trailed North America in the overall aircraft engines market in terms of revenue and volume. The heavy concentration of industrial manufacturing and established market has boosted the trade significantly, within and outside of the European region. The use of aircraft for cargo transportation has uplifted the aviation industry in this region. In addition, tourism in this region has also escalated the passenger transport through aircraft. With the growth in the aviation industry, the market for an aircraft engine is also expected to show significant growth in the following years.

Key Topics Covered:

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Aircraft Engine Market Snapshot
2.2. Global Aircraft Engine Market, By Engine Type
2.3. Global Aircraft Engine Market, By Aircraft Type
2.4. Global Aircraft Engine Market, By Application
2.5. Global Aircraft Engine Market, By Geography

3. Global Aircraft Engine Market Analysis
3.1. Global Aircraft Engine Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Industry Participants
3.6.1. Major Strategies Adopted
3.6.2. Analyst Recommendations

4. Global Aircraft Engine Market Revenue, By Engine Type, 2018 – 2028 (US$ Mn)
4.1. Market Analysis
4.2. Turboprop
4.3. Turbofan
4.4. Turboshaft
4.5. Piston Engine

5. Global Aircraft Engine Market Revenue, By Aircraft Types, 2018 – 2028 (US$ Mn)
5.1. Market Analysis
5.2. Fixed Wing Aircraft Types
5.3. Rotary Wing Aircraft Types

6. Global Aircraft Engine Market Revenue, By Application, 2018 – 2028 (US$ Mn)
6.1. Market Analysis
6.2. Commercial Aircraft
6.3. Military Aircraft
6.4. Others

7. North America Aircraft Engine Market Analysis, 2018 – 2028 (US$ Mn)

8. Europe Aircraft Engine Market Analysis, 2018 – 2028 (US$ Mn)

9. Asia Pacific Aircraft Engine Market Analysis, 2018 – 2028 (US$ Mn)

10. Rest of World Aircraft Engine Market Analysis, 2018 – 2028 (US$ Mn)

11. Company Profiles
11.1. General Electric Company
11.2. Rolls-Royce Motor Cars Limited
11.3. Honeywell International Inc.
11.4. United Technologies Corporation
11.5. Pratt & Whitney Division Snecma S.A
11.6. Hindustan Aeronautics Limited
11.7. United Technologies Corporation
11.8. Safran
11.9. The Boeing Company
11.10. International Aero Engines AG
11.11. Engine Alliance LLC
11.12. Extron Inc.
11.13. MTU Aero Engines AG

For more information about this report visit https://www.researchandmarkets.com/r/oxu32j

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

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

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SOURCE Research and Markets

To Advance Zero-Emissions Future, GM Invites ‘Everybody In’

DETROIT, Jan. 8, 2021 /PRNewswire/ — General Motors is debuting a new marketing campaign as part of the company’s comprehensive efforts to accelerate mass adoption of electric vehicles. The «Everybody In» campaign is a call to action meant to reflect a movement that’s inclusive and accessible. The company is also evolving its brand identity as GM transforms itself to deliver on a vision that creates a world with zero crashes, zero emissions and zero congestion.

«There are moments in history…

DETROIT, Jan. 8, 2021 /PRNewswire/ — General Motors is debuting a new marketing campaign as part of the company’s comprehensive efforts to accelerate mass adoption of electric vehicles. The «Everybody In» campaign is a call to action meant to reflect a movement that’s inclusive and accessible. The company is also evolving its brand identity as GM transforms itself to deliver on a vision that creates a world with zero crashes, zero emissions and zero congestion.

«There are moments in history when everything changes. Inflection points. We believe such a point is upon us for the mass adoption of electric vehicles,» said Deborah Wahl, GM global chief marketing officer. «Unlike ever before, we have the solutions, capability, technology and scale to put everyone in an EV. Our new brand identity and campaign are designed to reflect this.»

The «Everybody In» campaign sets an optimistic and inclusive tone for the company’s EV future and focuses on three themes:

  • Exciting a new generation of buyers and accelerating EV adoption;
  • Demonstrating GM’s EV leadership, which includes the investment of $27 billion in EV and AV products through 2025 and the launches of 30 new EVs globally by the end of 2025; and
  • Highlighting the range, performance and flexibility of the Ultium platform.

Ultium will be the foundation for GM’s next-generation EV lineup, powering everything from mass-market to high-performance vehicles, including the GMC HUMMER EV and Cadillac LYRIQ. GM’s Ultium platform will be capable of delivering an EV that can go up to 450 miles on a full charge1, will power EVs of many sizes, shapes and price points, and is capable of 0-60 mph2 performance in as little as three seconds for some models.

«GM has the talent, technology and ambition to advance a safer world for all, help reduce emissions and accelerate toward our all-electric future,» said Wahl. «‘Everybody In’ demonstrates our intent to lead, while inviting others – policymakers, partners, individuals – to play an active role in moving society forward, whether that’s helping to expand infrastructure, advocating for progress in their communities, or simply taking an EV for a test drive to learn about the benefits of EV ownership.»

Influencers who defy expectations and represent all walks of life will be used throughout the campaign. These change agents include Malcolm Gladwell, author of «The Tipping Point,» professional surfer and shark attack survivor Bethany Hamilton, fitness instructor Cody Rigsby and gamer Erin A. Simon.

«Everybody In» ushers in new brand identity
As GM amplifies its EV message, it has also created a revitalized brand identity designed for a digital-first environment. The new logo builds on a strong heritage while bringing a more modern and vibrant look to GM’s familiar blue square. The new brand identity extends to technology brands including Ultium. The team of GM designers tasked with creating the new logo considered how to balance the history and trust inherent to the existing design with GM’s vision for the future.

According to Sharon Gauci, GM executive director of Global Industrial Design: «This was a project our team took so personally, not just for ourselves but for the 164,000 employees this logo represents. At every step we wanted to be intentional and deliberate because this logo signifies creative and innovative thinking across the global General Motors family.»

The new GM logo features a color gradient of vibrant blue tones, evoking the clean skies of a zero-emissions future and the energy of the Ultium platform. The rounded edges and lower-case font create a more modern, inclusive feel. The underline of the «m» connects to the previous GM logos as well as visually representing the Ultium platform. And within the negative space of the «m» is a nod to the shape of an electrical plug.

A new way to learn more
To complement the «Everybody In» campaign and new GM brand identity, the company will launch a new GM.com site on Jan. 11, 2021 to share the latest information and stories about GM’s work across electrification, safety, citizenship and the road to autonomous driving. GM.com will celebrate the people and the technologies that are moving GM forward and play a meaningful role in bringing news and updates to audiences around the world.

General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which powers everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries can be found at https://www.gm.com.

1 GM estimated. EPA estimates not available. Vehicle range may vary based on several factors, including temperatures, terrain, battery age, and vehicle use and maintenance.

2 GM estimated.

 

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SOURCE General Motors Co.

Despite December Drop, Manheim Used Vehicle Value Index Ends 2020 Near Record High

ATLANTA, Jan. 8, 2021 /PRNewswire/ — Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 0.59% month over month in December, putting the Manheim Used Vehicle Value Index to 161.1, a 14.2% gain from a year ago.

ATLANTA, Jan. 8, 2021 /PRNewswire/ — Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 0.59% month over month in December, putting the Manheim Used Vehicle Value Index to 161.1, a 14.2% gain from a year ago.

Manheim Market Report (MMR) prices declined each week over the four full weeks of December, resulting in a 2.2% cumulative wholesale price decline on the Three-Year-Old Index. In the last full week of December, the Three-Year-Old Index declined 0.6%, a larger than average decline for the final week of the year. MMR retention, which is the average difference in price relative to current MMR, averaged 99.4% in December. The sales conversion rate averaged 51% over the month, a decline from November and relatively low for this time of year.

On a year-over-year basis, most major market segments saw seasonally adjusted wholesale price increases in December. Luxury cars and pickup trucks outperformed the overall market, while most other major segments underperformed the overall market.

«It is clear that there has been a material step change in used vehicle values whether you look at it from a pure price trend or we gauge used values against new,» said Cox Automotive Chief Economist Jonathan Smoke. «It will be important going forward to assess if at any point this might imply a correction could happen when the imbalance is no longer so heavily weighted towards demand. As we expected, what we have been seeing so far shows no evidence of a correction or one on the horizon. Supply remains tight, and demand remains strong despite some softening this fall. While January is a bit of a wild card for the economy, as we get closer to the spring, conditions look to be very favorable for used vehicle values.»

U.S. Vehicle Sales 
According to Cox Automotive estimates, the total used-vehicle sales volume in December was down 5% year over year. The December used-vehicle SAAR is estimated at 38.0 million, down from 40 million last December but up from November’s 37 million rate. The December used-retail SAAR estimate is 20.2 million, down from 20.8 million last year but from November’s 19.6 million rate.

Cox Automotive is estimating total used-vehicle sales in 2020 at 36.7 million, down 8% from the 40 million in 2019. Retail used-vehicle sales in 2020 are estimated to be 19.5 million, down from 20.8 million in 2019.

New-vehicle sales in 2020, at 14.5 million, dropped nearly 15% from year-ago levels. Fleet sales were down 36% in 2020, while retail sales were down 10%. Sales momentum, however, picked up in the final days of December. Sales in the final month were up 6.4% year over year, with three more selling days compared to December 2019. The December SAAR came in at 16.3 million, a decrease from last year’s 16.8 million but up from November’s 15.6 million rate.

Inventory Levels Returning to Normal 
Using a rolling seven-day estimate of used retail days’ supply based on vAuto data, supply peaked at 115 days on April 8. Normal used retail supply is about 44 days’ supply. It ended December at 49 days, slightly above normal levels. Wholesale supply peaked at 149 days on April 9, when normal supply is 23. December ended with 47 days’ supply, as the wholesale sales pace slowed.

New-vehicle inventories dipped slightly in December and came in around 2.7 million units, which was down 22% from December 2019.

Rental Risk Pricing 
The average price for rental risk units sold at auction in December was up 6.4% year over year. Rental risk prices were up 1% compared to November. Average mileage for rental risk units in December, at 52,000 miles, was up 1% compared to a year ago and down 4% month over month.  

To download additional commentary on the Manheim Used Vehicle Value Index from Cox Automotive, visit the Cox Automotive Newsroom.

About Manheim 
Manheim® is the nation’s leading provider of end-to-end wholesale vehicle solutions that help dealer and commercial clients increase profits and efficiencies in their used vehicle operations. Through its physical, mobile and digital sales network, Manheim offers services for decisioning, buying and selling, floor planning, logistics, assurance and reconditioning. Operating the largest vehicle wholesale marketplace, Manheim provides clients with choices to connect and transact business how and when they want. With nearly 7 million used vehicles offered annually, Manheim team members help the company facilitate transactions representing nearly $67 billion in value. Headquartered in Atlanta, Manheim North America is a Cox Automotive™ brand. For more information, visit http://press.manheim.com

About Cox Automotive 
Cox Automotive Inc. makes buying, selling, owning, and using cars easier for everyone. The global company’s 27,000-plus team members and family of brands, including Autotrader®, Clutch Technologies, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, VinSolutions®, vAuto®, and Xtime®, are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents, and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately owned, Atlanta-based company with annual revenues of $21 billion. www.coxautoinc.com

 

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SOURCE Cox Automotive

MGM Resorts International Confirms Receipt of Support Letter from IAC/InterActiveCorp

LAS VEGAS, Jan. 8, 2021 /PRNewswire/ —  

LAS VEGAS, Jan. 8, 2021 /PRNewswire/ —  

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE UK’S CITY CODE ON TAKEOVERS AND MERGERS (THE «CODE»). THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE 

MGM Resorts International (NYSE: MGM) («MGM» or the «Company») notes the announcement dated January 4, 2021 by Entain plc («Entain»), its partner in the U.S. sports betting and iGaming market, regarding a possible offer by MGM, for the entire issued and to be issued share capital of Entain, of 0.6 MGM shares for each Entain share, which, based on closing prices on December 31, 2020, represents a value of 1,383 pence per Entain share and a premium of 22% to Entain’s share price (the «Proposed Transaction»). 

In accordance with Rule 2.10 of the UK’s City Code on Takeovers and Mergers, MGM confirms that, it has received a non-binding letter of intent from IAC/InterActiveCorp («IAC»), MGM’s largest shareholder with interest in 59,033,902 MGM shares, setting out IAC’s support of the Proposed Transaction.

IAC considers the strategic rationale for MGM’s proposed combination with Entain to be compelling and believes that:

  • A combination would position the combined company as a pure play omni-channel global leader in gaming and entertainment;
  • The future of gaming will be omni-channel, and the long-term winners in global gaming will deliver customers compelling digital and physical experiences under one brand and loyalty program and will leverage customer acquisition spend across a holistic consumer journey in gaming;
  • An alignment of incentives and goals through a combination would accelerate the growth and market penetration of BetMGM, a leader in the US, which we believe to potentially be the largest online sportsbetting and iGaming market in the world;
  • MGM’s asset base, including its 34mm MLife customers, its leadership position in Las Vegas, China and key 7 regional markets in the US, combined with Entain’s complementary physical footprint in the UK and Europe, its leading technology platform and its digital presence in UK, Germany, Belgium, Italy, Brazil and 15+ other countries could expand the combined company’s market opportunities by leveraging each company’s local geographic and operational expertise in new markets; and
  • A strong balance sheet and robust annual free cash flow generation would allow the combined business to aggressively pursue its growth objectives such as US online market penetration, new development in key international gaming markets, future M&A and returning capital to shareholders.

MGM has also indicated that a partial cash alternative could also be made available to Entain shareholders. IAC, has indicated in its letter of intent that it would be willing to consider funding a portion of the partial cash alternative through a further investment in MGM due to IAC’s confidence in MGM and its prospects. IAC further indicated in its non-binding letter of intent that it is IAC’s current intention that IAC’s additional investment into MGM for these purposes could be up to US$1 billion. The terms and amount of such investment would require the mutual agreement of IAC and MGM.

IAC has to date invested approximately US$1 billion in MGM with an initial investment thesis of accelerating MGM’s penetration of the $450 billion global gaming market. IAC notes in its letter of intent that IAC continues to strongly support this objective for MGM whether or not a transaction with Entain is consummated. 

In accordance with Rule 2.5 of the UK’s City Code on Takeovers and Mergers (the «Code»), the Company reserves the right to:

  1. vary the form and/or mix of the consideration described in this announcement; and
  2. make the offer on less favourable terms:
    a)  with the recommendation or consent of the Board of Entain;
    b)  if Entain announces, declares or pays any dividend or any other distribution to shareholders, in which case the Company will have the right to make an equivalent reduction to the proposed price;
    c)  if a third party announces a firm intention to make an offer for Entain on less favourable terms than its proposal; or
    d)  following the announcement by Entain of a whitewash transaction pursuant to the Code.

Any offer for Entain is governed by the Code on Takeovers and Mergers. Under Rule 2.6 of the Code, MGM must by not later than 5.00 p.m. on 1 February 2021 either announce a firm intention to make an offer for Entain in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6 of the Code.

There can be no certainty that any offer will be made for Entain.

Enquiries:

Joele Frank
Meaghan Repko     +1 212 355 4449
Dan Katcher                                                      

PJT Partners (Lead financial adviser to MGM)
Simon Lyons     +44 (0) 20 3650 1100 /
Amish Barot      +1 212 364 7800
Jonathan Hall

Finsbury Glover Hering
James Leviton     +44 20 7251 3801
Chris Ryall

ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 29 unique hotel and destination gaming offerings in the United States and Macau, including some of the most recognizable resort brands in the industry such as Bellagio, MGM Grand, ARIA and Park MGM. The Company’s 50/50 venture, BetMGM, LLC, offers U.S. sports betting and online gaming through market-leading brands, including BetMGM and partypoker. The Company is currently pursuing targeted expansion in Asia through the integrated resort opportunity in Japan. Through its «Focused on What Matters: Embracing Humanity and Protecting the Planet» initiative, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests, and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine’s World’s Most Admired Companies®. For more information, please visit us at www.mgmresorts.com. Please also connect with us @MGMResortsIntl on Twitter as well as Facebook and Instagram.

Important notices
This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, subscribe for or otherwise acquire, or to sell, transfer or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction, whether pursuant to this announcement or otherwise.

The release, publication or distribution of this announcement in, into or from jurisdictions outside the United States or the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions.  Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.

Statements in this release that are not historical facts are «forward-looking» statements and «safe harbor statements» that involve risks and/or uncertainties, including those described in the Company’s public filings with the SEC. The Company has based forward-looking statements on management’s current expectations and assumptions and not on historical facts.  Examples of these statements include, but are not limited to, statements the Company makes regarding the expected benefits of any transaction. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include the continued impact of the COVID-19 pandemic on the Company’s business, the general economic conditions and market conditions in the markets in which the Company operates and competition with other destination travel locations throughout the United States and the world, the design, timing and costs of expansion projects, risks relating to international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in the Company’s Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If the Company updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

Disclaimer
PJT Partners (UK) Limited («PJT Partners») which is authorised and regulated by the Financial Conduct Authority in the United Kingdom is acting exclusively for MGM and no one else in connection with the matters described herein and will not be responsible to anyone other than MGM for providing the protections afforded to clients of PJT Partners or for providing advice in connection with the matters described herein. Neither PJT Partners nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of PJT Partners in connection with this announcement, any statement contained herein or otherwise.

Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person’s interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person’s interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel’s website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel’s Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

Disclosure under Rule 26.1 of the Code
In accordance with Rule 26.1 of the Code, subject to certain restrictions relating to persons resident in restricted jurisdictions, a copy of this announcement will be available at MGM’s website (investors.mgmresorts.com) no later than 12 noon (London time) / 7 a.m. (New York time) on 11 January 2021 (being the business day following the date of this announcement). The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

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SOURCE MGM Resorts International

AIDA Cruises extends pause of its cruise season until end of February 2021

ROSTOCK, Germany, Jan. 8, 2021 /PRNewswire/ — The extension of the lockdown in Germany until at least Jan. 31, 2021, and a further tightening of the measures to contain the COVID-19 pandemic, such as the restriction of the radius of movement in areas with high incidence rates or the further limitation of private contacts, have led to further restrictions of public life and international travel.

As…

ROSTOCK, Germany, Jan. 8, 2021 /PRNewswire/ — The extension of the lockdown in Germany until at least Jan. 31, 2021, and a further tightening of the measures to contain the COVID-19 pandemic, such as the restriction of the radius of movement in areas with high incidence rates or the further limitation of private contacts, have led to further restrictions of public life and international travel.

As a result, AIDA Cruises unfortunately must cancel all seven-day cruises with AIDAperla and AIDAmar around the Canary Islands through the end of Feb. 2021.

The company hopes to continue the Canary Islands season as of March 6, 2021, after the infection situation in Germany has eased significantly.

For all other countries in the winter destinations of AIDA Cruises, the call of cruise ships is not permitted until further notice. Therefore, AIDA unfortunately must also cancel all cruises with AIDAprima in the Orient planned for winter 2021, including the transit voyage from Dubai to Palma (Mallorca).

The first Mediterranean cruise with AIDAstella will start on March 6, 2021.

AIDAsol will cast off for its first trip to the metropolises of Northern Europe on March 6, 2021, as well.

The transit cruise with AIDAsol from Palma (Mallorca) to Hamburg planned for Feb. 19, 2021 has to be canceled, as well as the voyages to Norway with AIDAcara and AIDAaura between Feb. 20 up to and including April 3, 2021 (AIDAcara) and March 27, 2021 (AIDAaura).

All guests whose voyage cannot take place as originally scheduled will be informed immediately.

AIDA very much wants guests to enjoy their long-awaited AIDA holidays at a later date. To this end, the company offers rebooking options from its diverse range of cruises.

Rostock, January 08, 2021

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SOURCE AIDA Cruises

Academy for Jewish Religion, America’s Oldest Pluralistic Jewish Seminary, Celebrates Its Prestigious New Accreditation and Unprecedented Growth – Doubling in Size in the Past Five Years – on Its 65th Anniversary

YONKERS, N.Y., Jan. 8, 2021 /PRNewswire/ — With 36 percent of American Jews describing themselves as not belonging to the Reform, Conservative or Orthodox movements, America’s oldest pluralistic Jewish seminary that serves all movements and unaffiliated Jews, the Academy for Jewish Religion in New York is celebrating its prestigious accreditation and unprecedented growth on its 65th anniversary.  

As America’s oldest pluralistic Jewish seminary,…

YONKERS, N.Y., Jan. 8, 2021 /PRNewswire/ — With 36 percent of American Jews describing themselves as not belonging to the Reform, Conservative or Orthodox movements, America’s oldest pluralistic Jewish seminary that serves all movements and unaffiliated Jews, the Academy for Jewish Religion in New York is celebrating its prestigious accreditation and unprecedented growth on its 65th anniversary.  

As America’s oldest pluralistic Jewish seminary, serving all movements and unaffiliated Jews, the Academy for Jewish Religion (Yonkers, NY) is celebrating its prestigious accreditation and unprecedented growth on its 65th anniversary. The Academy, providing rabbinic, cantorial and graduate studies, confronts the challenges of a changed and changing Jewish community: Studies show that 36 percent of American Jews describe themselves as not belonging to the Reform, Conservative or Orthodox movements.

Founded in 1956 to ordain clergy for the entire Jewish community, the Academy for Jewish Religion received accreditation in 2020 from the Association of Theological Schools, the organization that accredits Harvard Divinity School, Yale Divinity School and the Princeton Theological Seminary.   The accreditation is a highlight of the past five years for AJR, during which time student enrollment has doubled – an unusual rate of growth for any seminary.

«For 65 years, AJR has had a unique and inclusive message for American Jewry,» said Dr. Ora Horn Prouser, CEO and Academic Dean.  «Our diverse student body and faculty cherish difference and know that we all grow and are better able to serve the Jewish people by appreciating the richness of diversity and by the willingness to learn from each other.»

«AJR’s accreditation and our remarkable growth stems from the quality of our rabbinic and cantorial education,» said Dr. William Liss-Levinson, Chair of the AJR’s Board of Trustees.  «Our faculty includes renowned scholars in their Jewish fields, and our student body, mostly second- and third-career students, come to the classroom with real-life experience that lead to electric conversations on the cutting edge of Judaism.»

AJR’s anniversary celebration will be this Sunday night, January 10, 2021, on Zoom.  The celebration will reflect that which makes AJR unique.  In the footsteps of its «Studying Bible Through Circus Arts» course that has received front-page coverage, AJR has chosen a circus theme for the celebration, reflecting the school’s creativity in its thinking and curriculum.  AJR’s students have reflected on sacred text while walking on a tightwire, hanging from a trapeze, and juggling, increasing their ability not just to understand the Bible but also to feel it with heightened sensory perception.

The celebration which begins at 7:00 PM will include circus performances, both professional and amateur, musical presentations, and study sessions focusing on music, contemporary ritual, Pluralism, and Studying the Bible through juggling.

Contact:  Dr. Ora Horn Prouser 516-603-1098

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SOURCE Academy for Jewish Religion

Octro Inc’s TeenPatti witnesses 800% growth in paying users in 2020

  • TeenPatti by Octro has been played by more than 150 million people and is the most grossing app on App Annie
  • TeenPatti by Octro is the only Indian game in Sensor Tower’s top five and the 6th highest grossing app on Play Store.

NEW DELHI, Jan. 8, 2021 /PRNewswire/ — Octro Inc, the largest and fastest growing mobile gaming company in India today announced that its game…

  • TeenPatti by Octro has been played by more than 150 million people and is the most grossing app on App Annie
  • TeenPatti by Octro is the only Indian game in Sensor Tower’s top five and the 6th highest grossing app on Play Store.

NEW DELHI, Jan. 8, 2021 /PRNewswire/ — Octro Inc, the largest and fastest growing mobile gaming company in India today announced that its game TeenPatti witnessed 800% growth in paying users in 2020. Octro TeenPatti has held on to its leadership position, since its debut. Octro has been creating made-in-India leisure options for world at large, thereby gaining a strong foothold within the Indian gaming industry with projected user base of more than 700 million gamers in India by 2022.

First released in 2013, the game played with virtual money is enjoyed by group of three to six people who use a 52-card pack without jokers. The game also comes in variations like 6 Patti, TeenPatti Battle, 3-2-1, Private Table, etc. Private table feature on Octro TeenPatti was most loved in past few months as it allowed players to connect with their family & friends in leisure hours while dealing with constraints posed by social distancing in COVID times.

The growing popularity of online games has given a whole new boost to the gaming ecosystem, leading to the sector purported to be worth more than $1 billion today, according to a Google-KMPG report.

Commenting on the exponential growth witnessed in 2020, Saurabh Aggarwal, CEO, Octro Inc. said, «At the intersection of sports and entertainment, Octro, with games like TeenPatti, has created scalable leisure option for Indians and has taken casual gaming to the next level. We deeply appreciate this player love showered on our games and are thankful to these players. This motivates us to aim higher and we at Octro are committed to create more such leisure options that have potential to be loved not only in India but globally. We are committed to redefine entertainment!»

Mr. Aggarwal further added, ‘In 2021, we do hope that the Indian government creates favorable regulatory regime for foreign investment to come into India both for online gaming and Real Money gaming. This will result into significant employment opportunities, Made in India games and tax contribution to exchequer.»

Real money games and skill based gaming are emerging frontiers in India for not only social connect and scalable leisure option but also for the potential to create lot of shareholder in a value chain that comprises of new set of gamers, immersive metaverse, gaming tournaments with prize money and hence, viable career option. With predictable and growth led regulatory regime by policy makers, the sector will ensure huge foreign investments in this sector and tax revenues to exchequer.

Globally, The eSports and video gaming market have already outpaced their contemporaries in the film and music businesses with what is expected to be a $300 billion annual industry by 2025 according to industry sources. India with nearly 400+ e-gaming start-ups is a very important market and one that has great potential for growth and development.

About Octro:

Octro is a new age platform that aims to create leisure options for the world at large. Octro’s vision is to keep creating moments of joy in human life while creating best and scalable leisure options. Headquartered in India, Octro is the largest and the fastest growing global mobile gaming company with leadership in Card, Casino & Casual games across the portfolio. Octro’s games like Teen Patti, Indian Rummy and Tambola have been amongst the top ten apps across Apple iOS and Google Play stores. With almost 200+ million players and Sequoia Capital as investor, Octro is committed to support the government’s Make in India initiative and give a whole new boost to the cultural gaming ecosystem within the Indian economy while creating global impact. At the intersection of entertainment and sports Octro vie for user’s time in his daily life by presenting leisure options across the platform.