PYMNTS

JANUARY 14, 2020

In an effort to rein in problem gambling, the U.K. Gambling Commission is banning the use of credit cards for placing bets, the BBC reported on Tuesday (Jan. The ban is slated to take effect on April 14, following audits of the gambling industry by the commission and the government. ” Gambling revenue in the U.K.

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Gambling audit Gaming Government 52

PYMNTS

MAY 8, 2020

Online gambling or gaming is one possible outlet, and the sector may even make it through the pandemic with less financial damage than other industries. Online Gambling Changes . States have experienced decreases in revenue and minor dips in sports betting, but an overall jump in earnings from other online gambling sites.

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Gambling New Jersey Sports Pennsylvania 70

PYMNTS

JUNE 19, 2020

The Boston-based online sports gambling company announced Friday (June 19) it will sell 16 million shares of its stock. While questions linger over the 2020 sports season, that hasn’t stopped DraftKings from upping its previously announced initial public offering (IPO) to 40 million shares of stock. . billion. . as part of the deal. .

Gambling 69

Gambling Sports Massachusetts Entertainment 69

PYMNTS

SEPTEMBER 9, 2019

It’s also the start of another football gambling season — one that involves mobile commerce and digital payments, and companies trying to innovate their way to success in this growing field of transactions. Such desire for speed is also helping to drive innovation in other forms of gambling-related payments. Some 15 percent of the U.S.

Gambling 54

Gambling Legal tax Sports 54

PYMNTS

MAY 7, 2020

Many are instead flocking to online gambling sites after the closure of all 989 commercial and tribal casino properties in the U.S. gambling] payment mechanisms is that ACH payouts are not instant,” Marceau said. The ways gambling winnings can be paid out in the U.S. The challenge that we have today with U.S. Complying with U.S.

Gambling 56

Gambling New Jersey Pennsylvania Entertainment 56

PYMNTS

MAY 7, 2020

This is bringing about heightened revenue for online gambling platforms in states such as New Jersey — trends in growth that may continue beyond the health crisis. The report also noted that online gambling or gaming sites are expecting major growth in the U.S., New Jersey issued closing orders for brick-and-mortar casinos March 16.

Gambling 84

Gambling Gaming New Jersey Nevada 84

PYMNTS

AUGUST 10, 2020

IAC , the New York-based global media and internet giant, is betting that an investment of $1 billion in MGM Resorts International will pay off in online gambling, according to a press release. Diller and Levin said research revealed MGM’s revenue in online gambling revenue is essentially zero.

Gambling 58

Gambling Gaming New York 58

PYMNTS

JULY 6, 2020

Amid a pandemic that has shuttered brick-and-mortar casinos, the burgeoning online gambling or gaming space may make it through COVID-19 with less adverse financial effects than other verticals. States have seen drops in revenue and small decreases in sports betting with an overall increase in earnings from other digital gambling sites.

Gambling 57

Gambling Sports Gaming Government 57

PYMNTS

OCTOBER 2, 2019

It’s not exactly high time for legal online gambling yet – that comes in early 2020, with the Super Bowl and then the NCAA college basketball tournament – but the betting season is certainly heating up on more ways than one. And that new fuel comes as the legal online and mobile gambling industry in the U.S. More Consolidation Coming.

Gambling 53

Gambling Legal Sports New Jersey 53

PYMNTS

JANUARY 8, 2019

In a new PYMNTS interview, Tom Cregan, CEO and managing director at EML , discusses the place of instant payments in the changing gambling ecosystem. But that’s not the case for online gambling, said Cregan, who noted, “It can sometimes take two or three days” for those winnings to get into gamblers’ accounts. Supreme Court.

Gambling 75

Gambling Sports Legal accounting and finance 75

PYMNTS

OCTOBER 26, 2020

In China, mass arrests are being made and online gambling rings shut down by a local branch of the Peoples' Bank of China (PBOC), according to a report by CoinDesk. The gambling activities involved the tether stablecoin. Seventy-seven arrests have been made thus far, and three gambling sites were shut down, CoinDesk writes.

Gambling 67

Gambling Technology 67

PYMNTS

JANUARY 30, 2020

The deal, according to Bloomberg, providing “the latest sign of convergence in sports, media and gambling. Similar deals have already happened, underscoring the appeal of bringing together gambling with other parts of the wider digital ecosystem. Gambling Expansion — and the Super Bowl’s Role.

Gambling 52

Gambling Sports Kansas Legal 52

PYMNTS

JULY 27, 2020

Chalk up another major deal for blank check companies, one of Wall Street’s hottest new trends, with online gambling and sports betting company Rush Street Interactive ’s announcement that it will be going public.

Gambling 56

Gambling New Jersey Indiana Illinois 56

PYMNTS

MARCH 27, 2019

All the action on the legalized gambling front is putting authentication and verification services under a bigger spotlight – and making them major players in this growing area of digital payments and commerce. Of course, that’s not the only type of pressure that comes to bear on friction for customers of online gambling services.

Gambling 46

Gambling E-commerce Sports Legal 46

PYMNTS

JUNE 5, 2019

Cards (as in prepaid, stored-value cards that consumers can use for gambling, payroll and a variety of other uses, many of them novel) are only half the battle. Placing A Bet On Online Gambling. The rise of online and mobile (legal) gambling is providing benefits to reloadable and store-value cards, and driving innovation.

Gambling 63

Gambling payroll accounting and finance Finance 63

PYMNTS

OCTOBER 5, 2018

Supreme Court for the spread of sports gambling if a particular state wants it. Payment processing has been among the chief dampeners of performance in New Jersey’s regulated online gambling market,” observed Legal Sports Report. Observers of the sports gambling industry aren’t exactly pleased with payments progress so far, however.

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New Jersey Gambling Sports Legal 59

PYMNTS

SEPTEMBER 27, 2020

In other news, illegal gambling gangs in China are using cryptocurrency to funnel over 1 trillion yuan ($146.6 Despite the prohibition, Russian Binance users can still access the site without additional tools like a VPN, although the site can be seen on Roskomnadzor's list of banned websites as of June.

Gambling 84

Gambling Legal Gaming 84

PYMNTS

SEPTEMBER 10, 2018

Bet on it: More gambling is coming to consumers’ mobile devices, including via companies that provide fantasy sports betting, thanks to a U.S. The launch of the app comes amid a shifting gambling culture in the United States, the result of a May decision from the U.S. Supreme Court decision from earlier this year. That includes MGM.

Gambling 40

Gambling Sports New Jersey Legal 40

PYMNTS

AUGUST 1, 2018

Supreme Court struck down state bans on sports betting, MGM Resorts International has signed deals with the NBA and other operations that could mark the first chapter of the country’s new sports and gambling culture. MGM announced a deal to become the first sports gambling partner of the NBA. technology hub.”. technology hub.”.

Gambling 40

Gambling Sports Gaming Legal 40

RogerRossmeisl

OCTOBER 1, 2021

Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. And there are still more traditional ways to gamble and play the lottery. If you’re lucky enough to win, be aware that tax consequences go along with your good fortune.

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tax Gambling tax return cpa 130

PYMNTS

JULY 25, 2018

A recent decision by the Supreme Court of the United States ended a ban on legalized sports gambling, and has the potential to change how sports fans from coast to coast experience games. The court’s decision allows individual states to open online gambling to residents. Once a customer registers an account and makes a deposit, 888.com

Gambling 40

Gambling Sports Gaming Legal 40

PYMNTS

OCTOBER 2, 2020

Gambling is another business that’s seeing customers unexpectedly taking to online alternatives. But now, consumers are finding they don’t mind doing the entire process digitally — from making out a financing application to securing insurance and car registration.

Gambling 60

Gambling Finance Retail Sales 60

PYMNTS

JULY 13, 2018

With a crackdown on gambling amid the FIFA World Cup, authorities in China have seized over $1.5 Police started an investigation into the unnamed gambling site after ads said that the platform would “accept international recognized cryptocurrencies, including bitcoin, Ether and Litecoin,” CoinDesk reported. million in crypto.

Gambling 40

Gambling Government Sports 40

PYMNTS

JULY 5, 2018

Supreme Court ruled earlier this year that states can allow sports betting, the world of gambling now promises to gain more of a digital edge. The idea remains as simple as ever: Put down money on a team or athlete because of fandom, a hunch or a considered view, and then hope to turn a profit. But since the U.S. Market Size.

Gambling 41

Gambling Sports Non-Profits Technology 41

PYMNTS

JULY 26, 2017

Serial entrepreneurs Tina Sharkey and Ido Leffler think they’ve got the next Procter & Gamble with their eCommerce grocery startup Brandless, an online platform where everything is off-brand, and it all costs $3 or less. Procter & Gamble (P&G) was created in 1837 by two brothers-in-law who made soap and candles.

Gambling 40

Gambling Non-Profits Retail tax 40

RogerRossmeisl

FEBRUARY 3, 2021

Sometimes coercion by a third party or the need to pay gambling or addiction-related debts comes into play. Best practices Why would trusted employees steal from the hand that feeds them? They could be working for a competitor or seeking revenge for perceived wrongs. Although there are no guarantees that you’ll be.

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cpa Gambling 197

PYMNTS

MARCH 17, 2016

But what if you need to run a multi-million dollar offshore illegal gambling setup? The gambling site does not charge a fee for gamblers who use Amazon cards and offers a 10 percent bonus to those who take their payout in Amazon cards. Amazon also has uses there. Or, at least, its gift cards do, if recent reports are to be believed.

Gambling 40

Gambling Sports account accountant 40

PYMNTS

FEBRUARY 2, 2021

But perhaps his best quote comes from his other pastime, gambling: “I want people to understand, gambling is not a bad thing if you do it within the framework of what it’s meant to be, which is fun and entertaining.”. To an extent, that same spirit and intention is behind the recent spate of government approvals for online gambling.

Tennessee 105

Tennessee Gambling Sports Legal 105

PYMNTS

JANUARY 19, 2021

If the acquisition had gone through, the new entity would have been one of the few gambling platforms to have a significant presence both physically and digitally. Entain is acquiring Swedish gambling firm Enlabs AB for around 2.80 Online gambling accelerated during the pandemic, but was already gathering momentum after the U.S.

Gaming 82

Gaming Gambling Sports Entertainment 82

PYMNTS

MAY 28, 2018

Amazon is rethinking returns, routers have been overrun by Russians and credit card issuers may not yet be betting on sports gambling, regardless of what the Supreme Court says. Issuers Take a Hard Pass on Sports Gambling. Backers of the state’s gambling initiatives want the credit card issuers to allow it.

Gambling 40

Gambling Sports Gaming account 40

PYMNTS

SEPTEMBER 16, 2020

Chinese authorities have made a series of arrests alleging more than $2 billion was laundered at offshore gambling sites through faux eCommerce purchases. Under the scam, alleged cybercriminals make the online purchases while the same sum is then credited to their gambling account.

Gambling 124

Gambling Gaming Government account 124

PYMNTS

NOVEMBER 4, 2020

gambling industry, with three states authorizing legal sports betting and three others either approving or expanding casino gaming, the Associated Press (AP) reported. The addition of casinos in Virginia and racetrack casinos in Nebraska indicates that casino-style gambling is on the upswing as well. billion by 2025.

Sports 77

Sports South Dakota Gaming Gambling 77

PYMNTS

AUGUST 7, 2020

Online gambling compliance experts are also predicting that cybercrime will sharply rise in the coming months. Eighty-eight percent of surveyed managers expect the health crisis to increase the threat of financial fraud in regulated industries, including online gambling. . million members using the service on April 4.

Gaming 89

Gaming Gambling account accountant 89

CPA Practice

MARCH 30, 2023

Roughly 4% say they supplement their income with returns on betting or gambling. Other respondents — especially the more affluent — are taking informal jobs on mobile apps like TaskRabbit, or receiving passive incomes from investments or rents.

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Gambling tax payroll 122

PYMNTS

AUGUST 31, 2020

Walmart , Microsoft and TikTok. At the beginning of the year it was an unthinkable combination. As the pandemic set in, anything digital seemed like a good and potentially doable idea, including the aforementioned alliance.

Gambling 52

Gambling Retail Massachusetts Washington 52

PYMNTS

JANUARY 3, 2021

MGM Resorts International is trying to acquire Entain , the British parent of major online-gambling player Ladbrokes , the Wall Street Journal reports. Online gaming already was a growing threat to MGM and other brick-and-mortar casino operators before COVID-19 forced the closing of gambling halls.

Gaming 67

Gaming Gambling New York Sports 67

PYMNTS

SEPTEMBER 17, 2020

It’s been said that “gamblers find things to gamble on.” The Pacers and 76ers’ partnerships cover both fantasy sports and sports betting since both Indiana and Pennsylvania have legalized sports gambling, according to sportsbook publication Sporttechie. How much potential does online gambling have? A ‘League’ Of Their Own .

Gambling 67

Gambling Sports Indiana New York 67