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Finance Notes: Storm Co-Owner Calls Minor Premiership Reward 'Embarrassing'

National Rugby League side Melbourne Storm co-Owner Matthew Tripp has labeled the A$100,000 ($75,000) sum awarded to the minor premiers as "embarrassing" and claims the NRL will not "be taken as seriously" as the Australian Football League, which offers nearly six times as much in its prizemoney pool. Melbourne will host Cronulla at AAMI Park on Saturday night in a clash that "decides the minor premiership." The winner will be presented with the J.J Giltinan Shield and a check for A$100,000, the reward for being "the most consistent team over 26 regular-season rounds." However, the clubs feel the amount is "too low, particularly when compared to the riches on offer in other sports." The AFL awards A$71,000 ($53,400) each for the two clubs eliminated in the first week of the finals, A$110,000 ($82,700) for those in the second round, a A$330,000 ($248,000) check for losing preliminary finalists and A$660,000 ($496,000) for the runners-up. The NRL, by comparison, offers only A$500,000 ($376,000) made up from A$100,000 to the minor premiers and "just" A$400,000 ($301,000) to the grand final winners (THE AGE, 8/31).

Online gaming group 888 Holdings reported first-half revenues "slightly ahead of expectations" and said it is in "excellent shape" to "expand further despite the collapse of its joint bid for bookmaker William Hill earlier this month." In the wake of the deal’s collapse, the Gibraltar-based company said that it is "still looking to expand its sports offering," and will be "appraising strategic M&A opportunities" as well as looking to "expand into more markets" after the failure of a £3B ($3.94B) takeover approach for its larger rival that would have created one of the U.K.’s "largest gaming groups." Revenues in the six months to June 30 were 19% higher than the same period last year, at $262M (FINANCIAL TIMES, 8/31).

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