first_img December 31, 2015 SHARE Email Facebook Twitter BLOG: Why I Vetoed the GOP’s Plan to Cut Education By: Governor Tom Wolf 2. The Republican budget does not balance.This budget spends $30.3 billion dollars without sufficient revenues to pay for it. Assuming that we would certify the current year revenue estimate at the amount recommended by the Independent Fiscal Office earlier this month, if I signed this bill, the commonwealth would end the year over a half a billion dollars out of balance.There is already $2.3 billion structural deficit, and the Republican budget increases it even more. It will lead to more credit downgrades and fiscal instability in Pennsylvania. Bottom line: It is not responsible.BUDGET ANNOUNCEMENT 12/29For the first time in years, we have an opportunity to change the status quo. We have a real chance to make historic investments in schools, truly balance the budget, and begin to fix the deficit. Now, the Republican legislature must return to work immediately and pass a real budget for Pennsylvania. Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolfWatch Governor Wolf’s remarks on rejecting the Republican plan to cut education (and read the transcript of the remarks). Budget News,  The Blog Earlier this week, I used my line item veto power to veto the Republican plan to cut education by $95 million, while also taking action to ensure that schools received money owed to them through December 31.There are many reasons why this budget is wrong for Pennsylvania, but these are the big reasons why I vetoed part of the GOP’s plan:1. The Republican budget underfunds education.Instead of finally providing funding for our schools, Republicans cut $95 million for local school districts. After $1 billion in budget cuts to our schools over the past several years, this budget makes it even worse.Republicans continue to refuse to adequately fund Pre-K through 12 education and their budget fails to fund over $305 million in school construction reimbursements. The Republican’s failure to provide school construction funding to local school districts and the commonwealth’s inability to responsibly issue debt — which is a result of past Republican budgets built on gimmicks that led to a multi-billion dollar deficit — will lead to a direct cost to the school districts. This will wipe out any marginal funding increases for local school districts.The Republicans did not pass legislation to provide funding for Pennsylvania’s institutions of higher learning including Pitt, Penn State, Temple, Lincoln, and the Penn Vet School, leaving them completely without state funding.They did not pass a fiscal code or a school code.last_img read more


first_img Alternative betting markets: short-term filler or long-term fixture? May 12, 2020 Share Submit Amelco continues international expansion with Colorado licence July 2, 2020 Related Articles Amelco solidifies US presence with Continent 8 deal August 26, 2020 Share StumbleUpon Some of the leading suppliers to the sports betting industry offered their insights into the future for sportsbook personalisation based on automated customer segmentation, advanced behavioural analysis and predictive AI-driven models. The fourth round table participant was Amelco, represented by Trading Director Sam Foulkes.SBC: What role does pricing and risk have to play in the differentiation of a sportsbook offering? SF: For operators, the actual prices of selections are of diminishing importance. At the moment, we’re seeing sportsbooks offer largely similar prices – as recreational bettors are often not price sensitive – and focus on attraction via a high-quality proposition. Pricing more markets is also becoming a common strategy for differentiation; this demand has been the driver for Amelco’s delivery of new products such as Quantum Outrights. As a result, operator focus is shifting towards service-level quality – with the focus now on which markets are published and when they are published taking precedence over pricing. Personalisation at this level means it is essential to keep things simple for the customer so that when they navigate towards your sportsbook, they are quickly presented with the markets that they are most interested in. From a risk perspective, operators demand an easy life, so being vastly different on price is undesirable. Depending on territory and channel, Amelco aims to offer an optimised price; we try to be as competitive as possible for customers, while at the same time, keeping tight control on risk for our operators. We utilise third party price feeds to monitor the global market, giving our models knowledge of price competitiveness ahead of updating our own odds.SBC: How can operators build on their customer analytics to both enhance player experience and drive higher margins? SF: At Amelco, we leverage machine learning technology to segment players. When you consider the size of some of our customer databases, which is usually in excess of a million, having entirely automated segmentation is the only effective option. The way this works is relatively simple. Throughout a customers’ life-cycle, they will display several behaviours which we use to predict their lifetime value. This information allows us to then deliver targeted promotions to that customer depending on which point they are in within that cycle. Trends within player demographics and their bet history are used to push content which we predict they are most likely to be interested in – and removing content that is unlikely to be of relevance. This mechanic is replicated at scale to deliver a sophisticated segmentation engine. Output segments can be pushed to areas of the operator’s choice, including new and higher margin products, flagging responsible gaming protocols and VIP segmenting. SBC: How can AI and analytics be used to personalise and tailor the sports betting experience?SF: Our segmentation engine enables advanced personalised content. Once we have built a profile of players’ interests, we are then able to deliver the most relevant content and promotions that would be of interest – and in turn, improve their experience.  The nature of machine learning means that over time, as more data is captured, the more accurate our output analysis will become as the model will find patterns within player behaviour that would ordinarily not be picked up in a manually driven segmentation solution. SBC: A lot has been said recently about gamification, what can it do for sportsbook?SF: Gamification is, by far, the most powerful retention tool available to sportsbook. It has enormous potential, but its success will depend on how effectively it is combined with segmentation and strategised towards retention.When it’s aligned with an advanced segmentation engine, gamified products can be used to steer customers to desired site content at key times. This strategy is currently being adopted industry wide, by driving mass engagement via free-to-play opportunities. Another area of growth we’re seeing is by incentivising customer navigation into desired products via achievement-based rewards.last_img read more