PYMNTS

SEPTEMBER 18, 2020

Paytm, India’s eCommerce payment platform, was removed from Google’s Play Store after the global technology company alleged Paytm violated Google’s gambling policies, India.com reported , but the app was later reinstated. “We Within hours of its removal, Paytm was reinstated to the Play Store, The Indian Express reported.

Gambling 82

Gambling Sports Technology accountant 82

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.

Gambling 227

Gambling CPA 227

PYMNTS

JANUARY 22, 2021

In 2018 the Supreme Court struck down a 1984 federal law that prohibited gambling in most states. For example, Visa has recreated the MCC codes associated with online gambling to have a merchant verification process built in so that banks are no longer “blanket denying” anything that looks like a gambling transaction.

Gambling 72

Gambling Tennessee Sports Gaming 72

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

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

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. Earlier this month, New York Gov.

Gambling 67

Gambling Rhode Island West Virginia Nevada 67

CPA Practice

MARCH 26, 2024

The IRS is investigating the recently fired interpreter for Los Angeles Dodgers star Shohei Ohtani after he was implicated in a scandal involving illegal sports gambling and significant financial theft from his longtime friend. That’s when Mizuhara admitted he had a gambling addiction.

Gambling 69

Gambling Sports California Gaming 69

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

CPA Practice

MARCH 22, 2024

The IRS is investigating the recently fired interpreter for Los Angeles Dodgers star Shohei Ohtani after he was implicated in a scandal involving illegal sports gambling and significant financial theft from his longtime friend. That’s when Mizuhara admitted he had a gambling addiction.

Gambling 69

Gambling Sports California Gaming 69

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.

Gambling 130

Gambling Tax Sports tax return 130

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

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.

Gambling 52

Gambling Gaming Education audit 52

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 Maine 54

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 Gaming Legal 84

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.

New Jersey 59

New Jersey Gambling Sports Legal 59

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

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 Sports Legal New Jersey 53

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

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

CPA Practice

JUNE 15, 2023

Taxpayers can claim a limited deduction for gambling losses, but the IRS keeps close tabs on these write-offs. Gambling losses are deductible only up to the amount of you winnings for the year. Casinos and other gambling payors report earnings on Form W2-G if you win $1,200 or more from your bets. Report all your winnings.

Gambling 52

Gambling Tax Nevada audit 52

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 accounted 124

Accounting Today

MAY 9, 2024

An interpreter for the Los Angeles Dodgers star has agreed to plead guilty to criminal charges including filing a false tax return after secretly transferring about $17 million from the player's account to pay off gambling debt.

Gambling 122

Gambling tax return Tax accountant 122

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 Entertainment 105

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

Accounting Today

JANUARY 29, 2024

Financial advisors and tax professionals with clients who bet online or at casinos must guide them through the choice of classifying as amateur or professional.

Gambling 97

Gambling Tax 97

ThomsonReuters

APRIL 2, 2024

The probe centers around Ohtani’s former interpreter, Ippei Mizuhara, who has been accused of illegal sports gambling and significant financial theft. It was revealed that Mizuhara had accumulated substantial gambling debts, which were allegedly covered by wire transfers totaling at least $4.5

Gambling 105

Gambling Sports Legal Gaming 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.

Gambling 52

Gambling Texas Sports Gaming 52

Withum

FEBRUARY 27, 2025

My handout includes a 13-item list of ways people who profess not to gamble, do gamble when the stakes are very high if they win or perhaps lose. The information I provide can be used when making your own decisions. I also recommend you consult a personal financial advisor.

Gambling 52

Gambling cpas Tax 52

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 Sales Retail 60

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

AUGUST 3, 2020

The Financial Times reported that Wirecard’s relationship with CenturionBet ended in 2017, “when its gambling license was suspended by Maltese authorities and it ceased trading after an anti-mafia raid that saw 68 people arrested.” ” Wirecard declined to comment for the FT article.

Gambling 144

Gambling Gaming Legal 144

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 Entertainment Sales 89

CPA Practice

OCTOBER 24, 2024

The stolen funds, according to the court documents, were used to pay off his outstanding personal debts and for his own personal use, including online gambling. In total, Wills stole approximately $952,237.06 from his employer through 120 transactions, according to the court documents.

Indiana 52

Indiana Account accounted accountant 52

Withum

AUGUST 2, 2024

According to a federal indictment and a guilty plea, Ippei Mizuhara, Shohei Ohtani’s interpreter, unlawfully transferred more than $16 million from Ohtani’s bank account at a bank in Arizona to pay his gambling debts to an illegal bookmaking operation. During the account setup, Mizuhara translated for Ohtani.

Gambling 105

Gambling Arizona accounting and finance bookkeeping 105

Going Concern

SEPTEMBER 25, 2023

TPB slaps 5-year ban on accountant involved in $26m fraud [ Accountants Daily ] The Tax Practitioners Board has slapped a five-year ban on a Sydney accountant charged with stealing $26 million through his firm to fund a lavish lifestyle and gambling addiction.

tax preparation 105

tax preparation Gambling Account accounted 105

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