ThomsonReuters

APRIL 2, 2024

Jump to: The allegations The IRS investigation Ohtani’s response Implications for Ohtani and the Dodgers Broader impact on professional sports Uncovering the truth The Internal Revenue Service (IRS) launched an investigation into the financial scandal involving Shohei Ohtani, the star player for the Los Angeles Dodgers.

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Gambling Sports Legal Tax 105

CPA Practice

NOVEMBER 7, 2023

(via TNS) A Texas Rangers World Series win and hot start to the Dallas Mavericks season would look a lot sweeter to Mark Cuban if Dallas-Fort Worth had one thing: resort-style gambling. That’s a problem and I think resort gaming would have a huge impact.” It’s a great sports town,” Cuban said. In April, $18.5

Gambling 52

Gambling Texas Sports Gaming 52

PYMNTS

JANUARY 19, 2021

MGM Resorts International said it’s pulling the plug on its bid to acquire the gaming platform Entain , which is its BetMGM partner. 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. BetMGM, our U.S. million), the WSJ said.

Gaming 82

Gaming Gambling Sports Entertainment 82

PYMNTS

MAY 14, 2020

New Jersey’s big bet on online gambling has paid off, with revenues skyrocketing to a record $80 million in April. Not surprisingly, sports gambling revenues were way down as stadiums remained closed and most professional games were canceled due to COVID-19 restrictions. Sports betting collapsed in April to $2.6

Gambling 80

Gambling New Jersey Sports Gaming 80

PYMNTS

JANUARY 22, 2021

In 2018 the Supreme Court struck down a 1984 federal law that prohibited gambling in most states. And that opened up an entirely new playing field for online gaming establishments now free to operate in any state that would allow them. Casinos] use all kinds of tools including facial recognition with cameras everywhere,” Edwards said.

Gambling 72

Gambling Tennessee Sports Gaming 72

PYMNTS

JANUARY 29, 2021

New policy changes on Google Play will enable gambling apps to be available in its store in more countries effective March 1, extending availability to the U.S. Just four Google Play stores worldwide make gambling and betting apps available — Brazil, Ireland, France and the United Kingdom. Currently in the U.S.,

Gambling 67

Gambling Rhode Island West Virginia Nevada 67

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. Supreme Court decision allowed sports betting. It noted that the internet gaming win was $80 million in April in comparison to $36.6

Gambling 57

Gambling Sports Gaming Government 57

PYMNTS

JUNE 19, 2020

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. . The Boston-based online sports gambling company announced Friday (June 19) it will sell 16 million shares of its stock. billion. .

Gambling 69

Gambling Sports Massachusetts Entertainment 69

PYMNTS

APRIL 24, 2020

In terms of the mechanics, the sports betting company has come public through a merger with Diamond Eagle Acquisition Corp. After all, the sports world has been hit hard by the coronavirus – in fact, live sports are nowhere to be seen. Beyond the mechanics, one asks: Why now, and what’s next?

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Gaming Gambling Sports Legal 71

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 . This year was expected to be lucrative for online sports betting as it is the first since those regulations were created. million in March 2019.

Gambling 70

Gambling Sports New Jersey Pennsylvania 70

PYMNTS

NOVEMBER 18, 2019

Against that backdrop, considering the speed at which states are accepting online sports betting (and the strength of the dollars flowing into the space), legalized gambling via mobile seems a sure wager. Several other states have online gambling legislation in the works. The Current State.

Sports 43

Sports Gambling Gaming Government 43

CPA Practice

APRIL 12, 2024

(TNS) Baseball superstar Shohei Ohtani’s former interpreter has been charged with stealing more than $16 million from Ohtani’s bank account to pay the translator’s illegal gambling debts, federal authorities announced Thursday, April 11. Estrada said winnings from Mizuhara’s gambling ventures went straight to his account, not Ohtani’s.

Gambling 69

Gambling Arizona Gaming Sports 69

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 Sports New York 67

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. RSI is projecting $321 million in revenue for its fiscal 2021.

Gambling 56

Gambling Indiana Colorado Sports 56

PYMNTS

FEBRUARY 4, 2020

In 2018, the Supreme Court struck down a 1992 law passed by Congress that made it illegal for most states to legalize sports betting within their borders. The legalization of sports gambling requires an important policy choice, but the choice is not ours to make,” Justice Samuel Alito wrote in the 6-3 opinion. billion.

Gaming 53

Gaming Gambling Sports Rhode Island 53

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.

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Gambling Sports Gaming Legal 40

PYMNTS

MAY 19, 2020

The mayor, who is also a table games manager at a local casino and hotel, said per the report that he has come across people traveling from states that are close by as well as those that have come from Florida, Texas, New Mexico and New York. million from online gaming since the summer of last year. million in March of last year.

Gaming 52

Gaming Gambling Louisiana South Dakota 52

PYMNTS

OCTOBER 5, 2018

It’s a good time to be a sports gambler. Supreme Court for the spread of sports gambling if a particular state wants it. According to one industry overview , that makes at least four online sports betting providers that accept PayPal in that state, with another “coming soon.”. Baseball playoffs. PayPal Progress.

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New Jersey Gambling Sports Legal 59

PYMNTS

FEBRUARY 5, 2019

5), details emerged about the success and failure of the new online sports betting regime in the U.S. Now the next major test for sports betting is about to unfold. Save for fans of punting, the Super Bowl offered relatively little in terms of game excitement, and will go down as a matchup that produced a low score and low TV ratings.

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Sports Gambling Nevada Legal 49

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.

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Tennessee Gambling Sports Entertainment 105

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 latest development comes from fantasy sports betting site FanDuel. The federal prohibition on sports betting was backed by the NCAA, NFL and NBA. That includes MGM.

Gambling 40

Gambling Sports New Jersey Gaming 40

PYMNTS

JANUARY 29, 2019

Will Tom Brady turn in his jersey after the game for an AARP card and hit the celebrity golf circuit? For payments and commerce , there’s another uncertainty that hangs in the air: Will legal online sports betting keep going forward, despite a recent decision by the U.S. Gambling Landscape. Which brands will blow it?

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Sports Gambling Legal New Jersey 67

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 Sports Tax 54

PYMNTS

NOVEMBER 1, 2017

Whether they’re diehard fanatics sure to catch every play, or fair-weather followers with varying levels of interest, sports fans are increasingly splitting their loyalties between real world, hometown teams and teams of their own creation. The FSTA also reported the number of people participating in fantasy sports grew from 41.5

Sports 40

Sports Gaming Gambling Entertainment 40

PYMNTS

MARCH 19, 2019

according to the American Gaming Association. The NCAA men’s basketball tournament stands as the largest sporting event since the Feb. Supreme Court, which in May 2018 struck down a 1992 law passed by Congress that made it illegal for most states to legalize sports betting within their borders. That’s thanks to the U.S.

Sports 50

Sports Legal Gambling New Jersey 50

PYMNTS

DECEMBER 27, 2019

With blackjack and roulette on mobile phones, the growing market for online sports wagering in New Jersey has introduced gamblers to virtual casino games. Online casinos’ monthly revenue more than doubled in the 15 months following the rollout of sports betting in June of last year.

Gaming 52

Gaming West Virginia New Jersey Sports 52

PYMNTS

APRIL 22, 2019

The online fantasy sports-betting space is growing strong. De ep Dive: How Online Gaming Platforms Can Fight Fraudsters, Customer Defection. The issue of balancing onboarding security with ease is top of mind for all companies operating in the gaming and gambling space. customers now onboard digitally.

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Sports Gambling Gaming Technology 57

PYMNTS

SEPTEMBER 23, 2020

But George Connors , senior vice president of gaming and sports solutions at Fiserv , told PYMNTS in a recent conversation that other things have remained the same — like online gaming. market as regulatory restrictions were lifted from online gambling in recent years. And if major U.S. Giving Consumers What They Want.

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Gambling Sports Gaming Entertainment 88

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. It’s quite tricky in the U.S.,

Gambling 40

Gambling Sports Gaming Legal 40

PYMNTS

SEPTEMBER 17, 2020

It’s been said that “gamblers find things to gamble on.” Online sportsbooks have been beneficiaries of that dictum ever since COVID-19 eradicated most live sports, leaving millions of fans and a great many bettors potentially mired in boredom. For instance, DraftKings announced on Wednesday (Sept. A ‘League’ Of Their Own .

Gambling 67

Gambling Sports Indiana Nevada 67

PYMNTS

MAY 14, 2018

The Supreme Court of the United States (SCOTUS) has struck down a 1992 law passed by Congress that made it illegal for most states to legalize sports betting within their borders. The decision came down 6-3, representing a victory for several states that would like to tap into sports gambling as a way to generate revenue and bring in tourism.

Sports 40

Sports New Jersey Gambling Nevada 40

PYMNTS

JANUARY 20, 2021

It fits in that you want faster payouts for gaming and gambling.”. And that growth will continue even as the pandemic fades, she predicted — because even after consumers get back to “normal” experiences, they aren’t going to abandon their desire for faster payout experience, in gaming or anywhere else. Hernandez said. “We

Gaming 110

Gaming Gambling Sports Entertainment 110

PYMNTS

MAY 16, 2018

Today, illegal gambling represents a $150 billion business. Soon, however, the payments industry will be able to tap into that market legally, thanks to a recent decision by the Supreme Court to axe a federal law that prohibited gambling on sports in most U.S. Fraud Isn’t A Problem.

Sports 40

Sports Gambling Gaming Legal 40

PYMNTS

JANUARY 22, 2021

Early investors in the company include Focus Media Network, Sequoia Capital China, China Media Capital, China Jiansheng Sports Industry Fund, Guangdian Capital and Averest Capital, according to VSPN. Last week, VSPN announced it had acquired Banana Gaming & Media, a move it said was “crucial” to expanding its global reach.

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Sports Nevada Gambling Gaming 72

PYMNTS

AUGUST 5, 2020

While video streaming services remain popular, research indicates more consumers are also turning to online gaming and gambling platforms. The Tracker also examines how both fraudsters and online gaming platforms are employing new emerging technologies to muscle bad actors out of these services.

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Gambling Gaming Entertainment Sports 111

PYMNTS

JUNE 3, 2020

But in New Jersey, the state’s large wager on online gaming has paid off , as revenues jumped to a record $80 million in April. Sports gambling revenues were way down, as stadiums stayed shuttered and most professional games were called off because of coronavirus limitations.

Nevada 57

Nevada Gambling New Jersey Entertainment 57

PYMNTS

JANUARY 9, 2019

Gambling isn’t new to payments and commerce players – every new idea is a gamble, in a sense – but creating instant payment schemes for literal gambling carries risks bigger than just losing some chips. Data: $81 billion: Projected estimated value of the online gambling market by 2022. $12

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Gambling Sports Legal Gaming 46