Graduation rates for athletes rise for seventh year

first_imgA recent report released by the NCAA showed that USC varsity athletes who enrolled from 2002-05 graduated at a rate of 79 percent — the seventh-straight year USC’s percentage has increased in this evaluation.The rate increased from 66 percent in 2007, to 68 in 2008, to 69 in 2009, to 74 in 2010, to 78 in 2011 and now to 79 in 2012, according to the university.The new figures, however, did not bear all good news for USC.According to the new numbers, the football program posted a 57 percent graduation rate over the time period — a four-point drop from last year’s figure. In the Pac-12, USC ranked ninth.For other sports, the picture was a little brighter. Five sports — men’s golf, women’s rowing, men’s tennis, women’s tennis and women’s volleyball — had a 100-percent graduation rate over the time period. Women’s lacrosse and sand volleyball were not evaluated since the NCAA looked at athletes who started college from 2002–05, according to the university.Notre Dame had the highest national graduation rate for freshmen entering the university from 2002 to 2005, with a rate of 97 percent. Rutgers was ranked second with a 91-percent rate and Stanford was ranked third with a 90-percent rate.last_img read more

Scientific Games puts forward $350 million note issue for NYX acquisition

first_img Updating the market, the governance of Nasdaq-listed gambling technology supplier Scientific Games Corporation (SGC) has announced that it will sanction a private offering of $350 million senior secured notes due for reimbursement in 2025.  SGC governance will use the net proceeds of its note offering, to fund its cash and debt $631 million outright acquisition of NYX Gaming Group assets, announced on 20 September.The technology supplier informs that should its pending acquisition of Toronto TSX-listed NYX be suspended, SGC will use the funds for general corporate purposes, which may include the prepayment of corporate loan borrowings under the previous terms of its existing credit facilities.This September, SGC announced that it had entered a ‘definitive agreement’ to acquire all related NYX assets, with a view to accelerate its digital gambling dynamics and further gain a strong foothold in the global sports betting market gaining NYX’s OpenBet division as a new vertical.Expanding its omni-channel capabilities, SGC will seek to create a new ‘digital gambling division’ led by current NYX CEO Matt Davey, who will join SGC as President of Digital Gaming should the acquisition be approved.Taking over NYX assets, SGC will gain one of the biggest industry digital services portfolio, as NYX services a number of tier1 industry operators for platform and games content provisions including William Hill, Betsson, bet365 and Caesars Interactive. Scientific Games records $198m loss as COVID swamps casino and lottery performance July 24, 2020 StumbleUpon Share Related Articles Kambi and DraftKings agree on final closure terms July 24, 2020 Esports Entertainment bolsters tournament capacity by acquiring EGL August 27, 2020 Submit Sharelast_img read more