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The data records the amount of times the company was called on to verify a customer’s location. Legal sports betting is operational in 35 states plus Washington, D.C., up from 31 at the start of last year's season. Political Cartoons View All 1154 Images“Consumer awareness around the security and fairness of legal online betting platforms has played a pivotal role in the responsible growth of the industry," said GeoComply co-founder and CEO Anna Sainsbury. It recorded attempts — ultimately unsuccessful because would-be bettors were in states where it is not legal — to place bets with sports books in other states. The report also showed how popular in-play betting has become, in which customers place a bet while a game is already in progress.

Persons: GeoComply, Anna Sainsbury, —, Wayne Parry Organizations: CITY, NFL, GeoComply Solutions, U.S, Washington , D.C, American Gaming Association, Kansas City Chiefs, Detroit Lions, Detroit, Twitter Locations: N.J, Vancouver, Canada, Washington ,, Alabama, Georgia, Minnesota , Missouri , Mississippi, South Carolina, Missouri, Mississippi, Minnesota, U.S, www.twitter.com

ATLANTIC CITY, N.J. (AP) — Sports betting company DraftKings apologized Monday after using the Sept. 11, 2001, terror attacks to entice people to bet on baseball and football games on the anniversary of the tragedy that killed nearly 3,000 people. After an outcry on social media from people offended by the promotion titled “Never Forget,” DraftKings took it down and apologized. “We sincerely apologize for the featured parlay that was shared briefly in commemoration of 9/11,” the company wrote. He decried the DraftKings offer as “tone-deaf.”Political Cartoons View All 1152 Images“It is shameful to use the national tragedy of 9/11 to promote a business,” he told The Associated Press. DraftKings is one of the leading companies offering legal sports betting in the U.S., which has grown rapidly since the U.S. Supreme Court cleared the way for it in 2018.

Persons: DraftKings, ” DraftKings, “, ” Bret Eagleson, Bruce, ”, Wayne Parry Organizations: CITY, — Sports, Yankees, Mets, Jets —, World Trade Center, Pentagon, Associated Press, Supreme, Twitter Locations: N.J, Boston, York, Pennsylvania, U.S

☆ A Fan Favorite Is Still Trying to Clear Her Major Hurdle
▼ + stars: | 2023-08-28 | by ( David Waldstein | ) www.nytimes.com time to read: +2 min

It is realization that helps her cope with the disappointment of going 0-3 in major finals. They will sometimes lash out at players, even after the players win, because it was not by enough to win a bet. And she is one of the few players who can make such a comment without incurring the wrath of fellow players. Before she lost to Aryna Sabalenka in a quarterfinal on Aug. 18 in Ohio, Jabeur referenced her victory over Sabalenka at Wimbledon a month earlier. Sabalenka, despite their rivalry and despite Jabeur’s cheeky comment about not being forgiven for Wimbledon, was sympathetic toward her popular opponent.

Persons: Jabeur, Camila Osorio, Iga Swiatek, Swiatek, “, ” Jabeur, don’t, Aryna, Sabalenka Organizations: Colombian, U.S ., Sabalenka, Wimbledon Locations: Cincinnati, Ohio

☆ Penny stocks can be riskier than any other stock. Here's why they're so dangerous.
▼ + stars: | 2023-08-21 | by ( Andrea Miller | In Dreajmiller | ) www.cnbc.com time to read: +4 min

"I'm getting a lot of calls from investors who are duped and getting scammed by-penny stock operators," Jacob Zamansky, attorney with his firm Zamansky LLC, told CNBC. Penny stocksAlthough there is nothing inherently wrong with low-priced stocks, they are considered speculative, high-risk investments because they experience higher volatility and lower liquidity. "He really was a character as Leonardo DiCaprio portrays him in the movie," Zamansky told CNBC. And he said, If I can sell steaks, I can sell stocks." Before Zamansky started representing investors who were abused by Wall Street firms, he was an attorney for Stratton Oakmont.

Persons: I'm, Jacob Zamansky, Andres Vinelli, Greg Ruppert, Jordan Belfort, Stratton Oakmont, Leonardo DiCaprio, Zamansky, he's, Belfort Organizations: CNBC, Financial Industry, Authority, CFA Institute, Wall Street, Innocent, SEC, Securities and Exchange Commission Locations: That's, Belfort

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy penny stocks are so riskyAs more retail investors trade penny stocks, innocent traders could be become victims. These equities are more vulnerable to fraud and have a history of multimillion-dollar scams. "I'm getting a lot of calls from investors who are duped and getting scammed by penny-stock operators," Jacob Zamansky, an investment fraud lawyer, told CNBC. Watch this video to learn more about how penny stocks inspired a new breed of investors, high-stakes gamblers, risk-taking fraudsters and enforcement crackdowns.

Persons: I'm, Jacob Zamansky Organizations: CNBC

☆ Cramer says this casino operator is firing on 'all cylinders' as its most-important region recovers
▼ + stars: | 2023-08-10 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +2 min

Casino operator Wynn Resorts (WYNN) is firing on "all cylinders," CNBC's Jim Cramer said Thursday, one day after second-quarter strength at the company's properties in both the U.S. and the special Chinese administrative region of Macau. "We do have signs that ... the Chinese gamblers are coming back, and that's great news for Wynn," Cramer said on "Squawk on the Street." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Wynn, Cramer, Jim Cramer's, WYNN, Jim Organizations: Wynn Resorts, U.S, CNBC, —, Boston Locations: Macau, U.S, Las Vegas

Yeah, you’re going to need one of those fancy pizza ovens to replicate this in your home. I think right now, every media company in the world is trying to figure out what replaces Twitter. And they say, you’re going to about to make the easiest money you’ve ever made in your entire life. You’re going to have more people beating a path down your door than you thought was possible. We now have Ubers that are so — I don’t know if you’ve looked at your Uber receipts recently.

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☆ More than 180 years of horse racing in Singapore is coming to an end
▼ + stars: | 2023-06-07 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Horses being ridden by work riders during a Singapore Turf Club trackwork session on May 15, 2014 in Singapore. The Singapore Turf Club on Monday announced that it will hold its final race on October 2024, closing a 180-year-old chapter on horse racing in the city state. At the same time, we understand the land needs of Singapore, including housing and other potential uses such as leisure and recreation," Turf Club Chairman Niam Chiang Meng said in a press release. Demand for housing in Singapore has been soaring, pushing 2023's first-quarter private residential property price index up 11% compared to the same period last year. "Young people don't bet on horses, they go to casinos now," Jimmy, a 67-year-old avid horserace bettor from Singapore told CNBC, adding that racing takes place only once a week on Saturdays and at 30-minute intervals.

Persons: Niam Chiang Meng, Jimmy Organizations: Singapore Turf Club, Monday, Government, Turf, CNBC Locations: Singapore

May 30 (Reuters) - Crown Resorts, the Australian casino operator bought by Blackstone Inc (BX.N) after three damaging inquiries, agreed to pay a A$450 million ($294 million) fine for breaking anti-money laundering laws, a step toward ending its darkest chapter. "We are pleased to have reached this agreement with AUSTRAC," said Crown Resorts CEO Ciarán Carruthers, who started in the role in September. "The company that committed these unacceptable, historic breaches is far removed from the company that exists today." Australian regulators over the recent years have penalised a slew of companies over breaches and non-compliances, with the country's "Big Four" banks fined the most. ($1 = 1.4743 Australian dollars)Reporting by Byron Kaye in Sydney and Harish Sridharan in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Gamblers are paying more money and winning less in Las Vegas casinos – here's why
▼ + stars: | 2023-05-29 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Casinos on the Las Vegas Strip are making changes to attract "higher value customers," WSJ reports. Blackjack players on the Strip are paying more to gamble and winning less. In 2022, blackjack players lost $1 billion at the tables on the Strip, according to Nevada state data. Casino execs say it's all a part of a plan to attract "higher value customers." "You're bringing in higher value customers, and we're already full," Tom Reeg, Caesars Entertainment CEO, told Wall Street analysts.

☆ Wynn Resorts delivers the quarter we've been waiting for, bolstered by China
▼ + stars: | 2023-05-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Wynn Resorts (WYNN) delivered a much better-than-expected first quarter Wednesday, with the casino. It appears the miss could be attributed to individual wealthy gamblers frequenting Wynn Palace at the expense of Wynn Macao, which historically is more exposed to groups and tours. Las Vegas Wynn Las Vegas continues to post big results, generating an all-time record adjusted EBITDAR of $231.6 million. There may be a lot of talk out there about a pullback in consumer spending, but it isn't showing up at Wynn Las Vegas. On a hold normalized basis, Wynn Las Vegas' EBITDAR margins expanded 300 basis points year-over-year and 1,400 basis points from the first quarter of 2019.

☆ Flutter Q1 revenues jump 29% as U.S. races ahead, UK bounces back
▼ + stars: | 2023-05-03 | by ( Padraic Halpin | ) www.reuters.com time to read: +2 min

Led by its Fanduel brand, Flutter maintained its leading 50% share of the U.S. sports betting market after revenue jumped 92% year-on-year on a constant currency basis. UKI revenue had fallen sharply in the same period last year, partly due to the impact of measures to curb gambling addiction. Chief Executive Peter Jackson put about half the growth down to product improvements and said competitors belatedly adopting safer gambling measures may also have helped Flutter outperform the market, which he estimated was flat year-on-year. Revenue also rose 69% on a constant currency basis in its international division, where Flutter said the recently acquired Italian gaming operator Sisal performed exceptionally well. The Dublin-based firm forecast in November that Fanduel's revenue would jump to around $15 billion over the long term - twice Flutter's entire revenue last year.

☆ Players union warns agents over mobile betting apps in memo
▼ + stars: | 2023-05-02 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

NEW YORK, May 2 (Reuters) - The National Football League Players Association (NFLPA) has sounded the alarm about the use of sports betting apps, warning agents that the mobile gambling platforms can track their clients' activity, leading to stiff penalties. "We have confirmed that some states monitor/audit FanDuel and the other gambling apps to ensure that the companies are in compliance with state law," the NFLPA said in a memo on Monday seen by Reuters. It was as part of that monitoring that the NFL learned of the players using the apps at work in violation of NFL rules," it said. In March, Jacksonville Jaguars wide receiver Calvin Ridley was reinstated after serving one year of an indefinite suspension for violating NFL rules on gambling. "At no time should players open or use any mobile gambling app while at work."

HONG KONG, April 26 (Reuters Breakingviews) - If Japan is the next Macau, $16 billion MGM Resorts International (MGM.N) may be the only winner left at the table. After years of debate and delays, Japan has finally given approval for a resort in Osaka. But as diversifying from China becomes a popular mantra, this big bet looks smarter than it once did. The 1.08 trillion yen ($8.1 billion) resort is set to open in 2029. U.S. casino operator MGM Resorts International and local partner Orix will each own a 40% stake in the company set up to manage the complex.

LONDON, April 27 (Reuters) - Britain on Thursday set out long-awaited plans to crack down on problem gambling as it aims to bring regulations up to date with a rise in betting online and on smartphones. The reforms would give extra powers to gambling regulators to take down illegal betting sites and tackle unauthorised operators. Campaign group Charity Gambling with Lives, which supports families bereaved by gambling-related suicide, welcomed the changes but said they did not go far enough. It had called for an end to all gambling advertising and affordability checks at 100 pounds of monthly losses. Habits have changed significantly since then, with an exponential rise in online betting.

☆ China's economy is on the rebound — and that's good news for 3 of the Club's consumer stocks
▼ + stars: | 2023-04-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Estee Lauder (EL), Starbucks (SBUX) and Wynn Resorts (WYNN) are the Club's consumer discretionary stocks with the greatest exposure to the Chinese market. Shares of Estee Lauder, Starbucks and Wynn — up roughly 3.5%, 9.2% and 37.5% year-to-date, respectively — edged up on the news Tuesday. For Estee Lauder, a leader in luxury skin care, makeup and fragrances, China accounts for about a third of total revenue. The Club's take China's latest economic data highlights our investment case for our three big consumer companies doing business in the country. However, we're pleased to see a robust rebound in consumer activity in the world's second largest economy, signifying a positive growth outlook for Estee Lauder, Starbucks and Wynn Resorts.

☆ Japan approves Osaka as site of country's first casino
▼ + stars: | 2023-04-14 | by ( Kantaro Komiya | ) www.reuters.com time to read: +2 min

[1/2] The spinning wheel on a roulette table is seen at Japan Casino School in Tokyo, Japan August 4, 2018. Put forth by the city and Osaka prefecture, the project aims to open a casino, conference centre and other facilities in 2029 with 1.8 trillion yen ($13.5 billion) of initial investment. MUFG Bank (8306.T) and Sumitomo Mitsui Banking Corp (8316.T) will provide 550 billion yen in project financing for the resort, the document showed. The national government's decision came after the pro-casino Japan Innovation Party retained both the office of prefectural governor and city mayor in Osaka on Sunday. Japan's casino plans have faced a number of obstacles such as the coronavirus pandemic and a bribery scandal.

☆ Japan approves $13.5 bln Osaka resort, country's first casino
▼ + stars: | 2023-04-14 | by ( Kantaro Komiya | ) www.reuters.com time to read: +3 min

[1/2] The spinning wheel on a roulette table is seen at Japan Casino School in Tokyo, Japan August 4, 2018. U.S. casino operator MGM Resorts International (MGM.N) and local partner Orix Corp (8591.T) have spearheaded the Osaka IR project, with each owning a 40% stake in the company set up to manage the complex. The national government's decision came after the pro-casino Japan Innovation Party retained the prefectural governor and city mayor offices in Osaka on Sunday. Major casino operators Las Vegas Sands Corp (LVS.N), Caesars Entertainment Corp and Wynn Resorts Ltd (WYNN.O) withdrew from planned projects. The government on Friday said it would need more time to review the Nagasaki plan, led by Casinos Austria International.

☆ How Broadway Theater Owners Are Trying to Block a Times Square Casino
▼ + stars: | 2023-04-14 | by ( Dana Rubinstein | ) www.nytimes.com time to read: +1 min

Some New Yorkers may love Times Square; some definitely hate it. That also goes for a casino that may be headed there. Caesars Entertainment and SL Green Realty Corporation, New York City’s largest commercial landlord, say that Times Square — with its neon lights and jostling tourists — is tailor-made for their Jay-Z-backed bid for a parlor of one-armed bandits and roulette wheels. But Max Klimavicius, the owner of the century-old Sardi’s restaurant, would like a word. “A casino in Times Square has the potential to jeopardize the character of the theater district and ultimately the fate of its restaurants,” Mr. Klimavicius said.

☆ A millennial who grew his net worth to $600,000 explains what it took to dig his way out of debt after overcoming a gambling addiction
▼ + stars: | 2023-04-10 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Ambus Hunter, 36, said he almost went broke when he became addicted to gambling over a decade ago. His net worth is now about $600,000, and he works part time as a financial coach. Over the course of just four weeks, he said he lost roughly $10,000 — almost all his savings — playing roulette. Hunter said he'd had one major hiccup since he committed to quitting gambling but that he was able to get back on track. He said he set out to quickly replace the roughly $10,000 he'd lost.

Heading into a state election on Saturday, the conservative coalition has promised to rein in the powerful "pokies" industry in a jurisdiction with nearly one-tenth of the world's million machines, second only to Las Vegas. "This is the first time in our state's history ... that poker machine reform is actually an election issue," said Stu Cameron, CEO of Wesley Mission, a charity that supports the homeless, addicts and others. Reuters Graphics Reuters Graphics"We are the epicenter of pokie machine addiction not just in Australia but across the world. McMillan, the air conditioning repairman, said cashless machines alone could not stop problem gambling, but "I would promote any change that could help people". Since then, a quarter of its 400 groups have taken grants from slot machine interests, Reuters' analysis of publicly available documents showed, in a sign of the industry's grassroots hold.

☆ Don't lose your life savings on your phone: A millennial with a sports-betting addiction explains how he's cut back as March Madness hype mounts
▼ + stars: | 2023-03-18 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

James said sports betting was a way to "lose your life savings on your phone." But sometimes gambling addiction gets you to do crazy things." While the highs were "exhilarating," James said, gambling began to take over his life. After downloading a sports-betting app, he began by betting roughly $50 to $100 at a time on anything from baseball to hockey to tennis. But then he started winning — at one point winning roughly 14 of 16 bets — which he said was the "worst thing" that could have happened to him.

☆ Gaming regulators push back against betting on WWE scripted matches
▼ + stars: | 2023-03-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGaming regulators push back against betting on WWE scripted matchesCNBC's Contessa Brewer joins Brian Sullivan and 'Last Call' to report on whether the WWE's made any progress in its effort to allow gamblers to bet on scripted wrestling matches.

☆ Tribal Gambling Could Expand Under New Federal Rules
▼ + stars: | 2023-03-05 | by ( Katherine Sayre | ) www.wsj.com time to read: 1 min

Gamblers partake in slots at the Seminole Hard Rock Casino in Tampa, Fla. The Seminoles operate casinos and own the Hard Rock entertainment brand. Native American tribes could expand their gambling operations in the U.S., including pursuing lucrative online betting, under new rule changes proposed by the federal government. The proposals from the Bureau of Indian Affairs include easing rules for tribes to acquire additional land, which could ultimately be approved for casino development. New rules would also ensure that tribes can negotiate online-betting deals with states.

☆ Warren Buffett praised the practice of long-term investing in his annual shareholder letter. These are the 10 longest-held stocks in Berkshire Hathaway's portfolio.
▼ + stars: | 2023-02-28 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Warren Buffett has long praised the practice of long-term investing when it comes to stocks. "The world is full of foolish gamblers, and they will not do as well as the patient investor," Buffett said in Berkshire Hathaway's 2022 shareholder letter. These are the 10 longest-held stocks in Berkshire Hathaway's $299 billion stock portfolio. These are the 10 longest-held companies in Berkshire Hathaway's $299 billion individual stock portfolio. UPSJustin Sullivan/Getty ImagesTicker: UPSTime Held: 17 yearsPortfolio Value: $10.3 million7.

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