Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Cloudflare : Shares of the content delivery network were sinking 16% after the midpoint of the company’s second-quarter revenue outlook came in short of analyst estimates. “People feel they are losing share. I don’t think they are,” Cramer … Read more
Dodgers pitcher Tyler Glasnow said the team knew right away that Shohei Ohtani’s former interpreter, Ippei Mizuhara, was into “shady” dealings. Mizuhara has been accused of stealing $16 million from Ohtani’s accounts to pay off illegal gambling debts. The story first emerged when the Dodgers were opening their season against the Padres in Seoul, South … Read more
The sports wagering industry in Massachusetts is on fire. In the year that’s passed since the Bay State began to allow gambling on professional and some college sports, more than $6.2 billions dollars has been spent on sports wagering by over 1.6 million gamblers, generating more than half-a-billion in revenue for operators and hundreds of … Read more
The former longtime interpreter for Los Angeles Dodgers star Shohei Ohtani is being charged with federal bank fraud for crimes involving gambling debts and theft of more than $16 million from the Japanese sensation, federal authorities said Thursday. U.S. Attorney Martin Estrada announced the charges Thursday. Ippei Mizuhara served as Ohtani’s interpreter after Ohtani came … Read more
BANGKOK: Thailand’s government is considering drafting a casino bill and if passed by parliament, it would generate more jobs and state revenue and allow for the creation of a mega entertainment project, Prime Minister Srettha Thavisin said on Friday (Mar 29). Casinos are illegal in Thailand and the only gambling allowed is on state-controlled horse … Read more
Cavaliers coach J.B. Bickerstaff made a startling revelation Wednesday night that highlighted some growing discontent in the NBA over the consequences of legalized sports betting. Bickerstaff told reporters that bettors had been able to get a hold of his phone number last season, and they “were sending me crazy messages about where I live and … Read more
But under the current best-case scenario, new sand won’t be hitting the beaches until late summer, according to the United States Army Corps of Engineers, the agency that oversees such projects. Only a narrow strip of sand sits between the ocean waves and the dunes in front of the Ocean Casino Resort. Photo: AP And … Read more
January gambling activity generated about $93.54 million in revenue for the state’s three casino-style facilities and another $71.13 million in revenue for sports betting companies, all of which translated into about $40.4 million in tax revenue for the state. Monthly revenue data released by the Mass. Gaming Commission show that Encore Boston Harbor in Everett … Read more
By: Allie Grace Garnett, a journalist who specializes in the cryptocurrency market. IBTimes UK Volatile crypto markets are complex—but not as complex as how market participants react to rapidly changing token prices Cryptocurrency volatility can fuel emotional decision-making, intensifying market cycles through greed and fear. HODLers are the Zen Buddhists of crypto, reacting to market … Read more
Canada’s financial intelligence agency warns that illicit cash is being laundered through online gambling sites that provide a variety of ways to disguise shady funds. In a newly published bulletin, the Financial Transactions and Reports Analysis Centre of Canada highlights the criminal exploitation of legitimate and unlicensed digital wagering operations. The centre, known as Fintrac, … Read more
