logo
AC MILAN AND REALS TEAM UP FOR A NEW REGIONAL PARTNERSHIP DEAL

AC MILAN AND REALS TEAM UP FOR A NEW REGIONAL PARTNERSHIP DEAL

Yahoo04-04-2025

AC MILAN AND REALS TEAM UP FOR A NEW REGIONAL PARTNERSHIP DEAL
AC Milan are pleased to announce a new partnership with Reals, a company renowned for its excellence in Brazil's sports betting and online gaming market, which will become the Official Regional Betting Partner of the Rossoneri's Club in Latin America.
Advertisement
Elected in 2024 as the "Best Sportsbook Operator" in Brazil by SiGMA World - the largest international authority in iGaming - Reals has been consolidating its position in the sector, reinforcing its growing trajectory of ascent. The brand is aligned with the best market practices, presenting sustainable growth based on innovation, strategic partnerships and sports engagement.
This collaboration reinforces AC Milan's dedication to fostering deeper fan engagement across Latin America. With Reals' strong foothold in Brazil's sports betting and online gaming market, this partnership is set to increase AC Milan's brand visibility and connect with passionate supporters in the region. The synergy between AC Milan's global ambitions and Reals' approach promises to create long-lasting impact and enhance the Club's connection with its Latin American fanbase.
Maikel Oettle, Chief Commercial Officer of AC Milan, commented: "We are delighted to have started this collaboration with Reals. This exciting partnership marks an important step in our ongoing efforts to expand AC Milan's presence worldwide. By working with Reals, we aim to strengthen our connection with a crucial segment of our fanbase in Latin America. This partnership opens up new avenues for fan engagement and interaction, allowing us to bring the Club closer to both our loyal supporters and new fans."
"Being able to be alongside a Club with such enormous reach and impact as AC Milan is an immense satisfaction. To my knowledge, considering the betting companies created in Brazil and authorized to operate in the country, this is a pioneering and unprecedented international agreement. Through it, Reals takes another important step in consolidating its brand as a reference among the main sponsors in the sports universe and attests to its position as a serious and secure company for bettors," states Rafael Borges, CEO of Reals.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UnitedHealth Seeks $1B Latin America Exit: Sources
UnitedHealth Seeks $1B Latin America Exit: Sources

Yahoo

time29 minutes ago

  • Yahoo

UnitedHealth Seeks $1B Latin America Exit: Sources

UnitedHealth Group Incorporated (NYSE:UNH) is one of the best Dow stocks to invest in. The company is considering several offers for its Latin American business, according to two insiders familiar with the situation, as it works to recover from a series of major setbacks, including the removal of its CEO and a reported criminal accounting investigation. The largest US health insurer has aimed to exit Latin America since 2022, but selling its Banmedica unit has become more urgent recently due to multiple challenges, one source said. A senior healthcare professional giving advice to a patient in a clinic. New CEO Steve Hemsley told shareholders last week that he is focused on regaining their confidence following a disappointing earnings report and a Wall Street Journal story about a criminal probe into alleged Medicare fraud. UnitedHealth Group Incorporated (NYSE:UNH) maintains it has not been notified by the Department of Justice and stands by its business integrity. UnitedHealth Group Incorporated (NYSE:UNH) has received four non-binding bids for Banmedica, which operates in Colombia and Chile, totaling around $1 billion, according to sources who requested anonymity due to the confidential nature of the negotiations. While we acknowledge the potential of UNH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Sign in to access your portfolio

AM Best Affirms Credit Ratings of Helvetica Re Rückversicherung AG Corporation
AM Best Affirms Credit Ratings of Helvetica Re Rückversicherung AG Corporation

Business Wire

time2 hours ago

  • Business Wire

AM Best Affirms Credit Ratings of Helvetica Re Rückversicherung AG Corporation

BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of 'a-' (Excellent) of Helvetica Re Rückversicherung AG Corporation (Helvetica) (Barbados). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Helvetica's balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The company is Barbados-domiciled and began commercial operations in 2022, underwriting surety for renewable energy and infrastructure developments in Spain seeking further geographic diversification in Latin American markets. Until 2025, the company was originally named Berliner Re Reinsurance Company Inc. The ratings of Helvetica also reflect its strongest level of risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), adequate reinsurance program and conservative investment strategy aimed at providing liquidity and maintaining appropriate asset-liability management. Partially offsetting these positive rating factors are Helvetica's business profile, which is bounded by its current concentration in a single business line and distribution channel, as well as the highly competitive landscape in its target geographic markets' surety bond segment amid a challenging economic environment. Helvetica's risk-adjusted capitalization stands at the strongest level underpinned by a robust capital base and low underwriting leverage in conjunction with its conservative investment allocation. In AM Best's view, the company's operating performance is pressured by its high administrative expense structure, due to its startup nature; nevertheless, a continuously expanding top line in conjunction with well-contained claims and consistent inflow of investment income is expected to enhance bottom line results within the short term. Helvetica constantly reviews its underwriting guidelines to improve the performance of its businesses. Additionally, reinsurance commissions stemming from its quota share agreement with counterparties with a good level of security, will contribute gradually to offset its high operating expense structure. Helvetica posted a net income of USD 2.3 million within its first year of operation in 2022, followed by USD 8.7 million in 2024, according to preliminary financials. Negative rating actions could occur if Helvetica's high growth levels in conjunction with higher country risk tiers deteriorate balance sheet strength to levels no longer supportive of the strongest level. Additionally, negative rating actions could occur if underwriting results fall short of AM Best's expectations and deteriorate to levels no longer supportive of an adequate operating performance assessment. Positive rating actions, while unlikely within the mid term, could occur if the company is able to achieve geographic expansion successfully, while maintaining premiums sufficiency. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.

Can Mission Produce Stay Ripe Amid Avocado Price Volatility?
Can Mission Produce Stay Ripe Amid Avocado Price Volatility?

Yahoo

time2 hours ago

  • Yahoo

Can Mission Produce Stay Ripe Amid Avocado Price Volatility?

Mission Produce, Inc. AVO, one of the world's leading avocado suppliers, has developed a resilient strategy to navigate the ongoing volatility in avocado pricing. Central to its approach is vertical integration — owning or controlling multiple stages of the supply chain from sourcing to ripening and distribution. This model allows the company to adapt quickly to market fluctuations, manage costs more effectively and ensure consistent supply to key retail and foodservice partners. Mission Produce also emphasizes geographic diversification in sourcing avocados. Apart from its key Mexico market, the company also sources avocados from Peru, Colombia and Guatemala, which helps in mitigating region-specific risks and stabilizing demand remains strong globally, with consumption still growing in North America and increasing rapidly in markets like Europe and Asia. Mission Produce is capitalizing on this trend by strengthening its global distribution network and expanding its presence in high-growth international markets. Operationally, the company has focused on enhancing productivity across its packing and ripening facilities, optimizing logistics and leveraging data analytics to manage inventory and forecast demand more accurately. These operational efficiencies are essential, especially in seasons with tight supply or shifting trade dynamics, such as disruptions in the Mexican supply chain or currency ahead, Mission Produce is investing in innovation to stay ahead of market challenges. The company continues to advance its proprietary ripening technology, aiming to deliver consistent, ready-to-eat avocados with minimal waste. It is also exploring value-added products and sustainable packaging solutions to meet evolving consumer preferences. While price volatility will remain a concern, Mission Produce's diversified sourcing, innovation focus and commitment to efficiency position it well to maintain its leadership in the global avocado market. Calavo Growers, Inc. CVGW has sharpened its focus on agile pricing and supply-chain strength to compete closely with Mission Produce in navigating avocado price swings. Calavo Growers has intensified its focus on vertically integrating operations and enhancing its procurement flexibility by expanding sourcing beyond Mexico into California and other Latin American regions. This helps Calavo Growers stabilize supply and manage input costs more effectively amid fluctuating market conditions. As a direct competitor to Mission Produce, Calavo Growers' blend of pricing discipline, diversified sourcing, operational control and strategic capital deployment positions it to capture consistent value in fluctuating avocado markets, making it a neighbor to Del Monte Produce Inc. FDP is a major global player in fresh and fresh-cut produce, including avocados. Its strategy hinges on a vertically integrated supply chain and diversification across a wide range of fruit categories. Fresh Del Monte sources avocados from multiple countries (Mexico, Peru, Colombia) and distributes them globally, leveraging advanced ripening facilities and logistics networks. The company is also investing in agri-tech, such as AI-driven crop forecasting and sustainable farming practices. With its scale, global footprint and brand recognition, Fresh Del Monte poses a competitive threat to Mission Produce, particularly in international markets and foodservice channels. Shares of Mission Produce have lost around 20% year to date against the industry's growth of 7.6%. Image Source: Zacks Investment ResearchFrom a valuation standpoint, AVO trades at a forward price-to-earnings ratio of 23.88X, significantly above the industry's average of 16.07X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for AVO's fiscal 2025 earnings implies a year-over-year decline of 32.4%, whereas its fiscal 2026 earnings estimate suggests a year-over-year decline of 6%. The estimates for fiscal 2025 and 2026 have been unchanged in the past 30 days. Image Source: Zacks Investment Research AVO stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fresh Del Monte Produce, Inc. (FDP) : Free Stock Analysis Report Calavo Growers, Inc. (CVGW) : Free Stock Analysis Report Mission Produce, Inc. (AVO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store