A retired California nun has agreed to plead guilty to federal fraud and money laundering charges for stealing more than $835,000 from a school to pay for personal expenses including gambling trips, the Justice Department said.
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Kim believes that given a little time, the Bally’s name will be a major player in sports betting. The company, he said, is leveraging its brick-and-mortar assets to get a foothold into digital gaming — both sports betting and, in the future, iGaming.
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Greektown Casino, MGM Grand Detroit and MotorCity Casino accepted $20.2 million in sports bets in May after three consecutive months coming within $1 million of the $24 million range.
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Drexel alum Alex Kane took one look at the traditional sports-betting model and concluded, “This structure stinks.” He set out to revolutionize the market.
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DraftKings, FanDuel aren’t the only sportsbooks pushing their way into mainstream sports media, but they’re certainly the boldest.
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West Virginia sports betting handle for May dropped for the second consecutive month, although it was a modest decline. But there was some good news as sports revenue was up nearly 38%.
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Virginia appears poised to surpass Tennessee as the state to reach $1 billion in online wagering on sporting events the fastest, despite an April decline.
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Rahm proceeded to test negative each day. But a test from just after his rain-delayed second round – which wrapped up Saturday morning – came back positive while he was still on the course. A PGA Tour medical advisor requested confirmation of that result, which came back at 6:05 pm, just when Rahm was finishing up the round.
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In addition to allowing sports betting, states are making it legal for bets to be made online or with mobile apps. But the rules for these new ways to make a bet differ from state to state. And in many cases, state lawmakers are relying mainly on the promises of technology and operators to protect consumers and prevent problem gambling.
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A 24-year-old sports bettor, who was accused of threatening professional and collegiate athletes on social media, was sentenced to 36 months of probation Thursday in federal court in Tampa, Florida.
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Partnerships in the sports-betting industry continue, as NHL legend Wayne Gretzky is the latest to partner with BetMGM, a leading sports betting and digital gaming company. The two announced a partnership on a multi-year deal where Gretzky will serve as a BetMGM brand ambassador.
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The New Hampshire Lottery recently announced the April sports betting numbers, and it was a disappointing month for the industry. The total sports betting handle was just $46.7 million after it climbed up to nearly $56 million in March.
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