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Video Gaming Scandals and Bankruptcies in 2015: Sports and Gambling’s Megastories for the Year

 Video Gaming Scandals and Bankruptcies in 2015: Sports and Gambling’s Megastories for the Year

Ah yes, gaming scandals and bankruptcies. Why must this be a category in gambling news at the end of each year?

Of most the gaming scandals and bankruptcy news in 2015, arguably the biggest story of all of the ended up being the arrest and indictment of 14 FIFA executives, but not President Sepp Blatter.

Because, unfortunately, bankruptcies and scandals are apparently inevitable in a high-stakes globe where fortunes are won and lost in a matter of seconds.

2015 was not immune to scandalous news, including a whopper involving widespread corruption at FIFA; a multi-million dollar lawsuit against a star poker player who was accused of cheating; a longtime poker magazine closing up shop; one of golf’s most readily useful players accused of participation in an illegal gambling ring; and an alleged insider trading case which will alter the landscape of daily fantasy sports forever.

But allow’s start at the very top.

FIFA Gets Kicked

Match-fixing in soccer at the ground level takes place on a regular basis. But alleged fixing of World Cups can be an completely various ball game.

Come early july, key officials within FIFA, professional soccer’s governing body, were rounded up by the Department of Justice (DoJ) and charged with widespread, systemic corruption. The charges included fraudulence, cash laundering, and bribery. In all, the DoJ, aided by an investigation by the FBI, indicted 14

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PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Introduction

PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Introduction

One of the ‘Big Four’ audit businesses, the accuracy of PwC’s five-year Global Gaming Outlook published in 2011 is slowly coming to light.

PricewaterhouseCoopers’ (PwC) worldwide Gaming Outlook, published in 2011 forecasting the half-decade leading to the current, hit the nail on the head regarding much of the gambling industry’s economics, but the company missed the mark on two issues that are key.

PwC got a lot right in its five-year perspective on gambling, but failed on just what has emerged while the two most predominant dilemmas in worldwide gambling news: Macau’s economic issues and fantasy that is daily (DFS).

To its credit, PwC rightly foresaw on line gambling in the us, saying states would legalize Internet casinos separately before Congress would intervene.

That had been a bold projection in 2011, taking into consideration the Department of Justice and FBI had just recently seized the assets of PokerStars and Full Tilt Poker, however a forecast that arrived true.

PwC also correctly hypothesized Internet gaming could be used to complement land-based casinos, a prophecy that came to pass as Nevada, nj-new jersey, and Delaware all require online operators to work in tandem with brick-and-mortar casinos or race tracks.

The audit and assurance, tax advisory, consulting, legal, and actuarial organization disclosed that the Global Gaming report was not meant to offer legal or investment advic

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Daily Fantasy Sports Declared Illegal by Nyc Attorney General

Daily F </p> <div class="read-more-button-wrap"><a href="http://inmoservifd.com/2020/02/daily-fantasy-sports-declared-illegal-by-nyc-12#more-3589" class="more-link"><span class="faux-button">Seguir leyendo</span> <span class="screen-reader-text">«Daily Fantasy Sports Declared Illegal by Nyc Attorney General»</span></a></div> <p>

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New Jersey iGaming: Do Falling Profits Give Cause for Pause for Online’s Future into the Garden State?

New Jersey iGaming: Do Falling Profits Give Cause for Pause for Online’s Future into the Garden State?

New Jersey iGaming is struggling, despite initially dazzling projections from hawaii’s Governor Chris Christie.

Is brand New Jersey iGaming in trouble? That’s the stressing question numerous people are now asking following the latest round of financial reports.

The first piece of news to rock the gaming industry in the Garden State was that Atlantic City’s brick-and-mortar venues had suffered a profit drop that is year-on-year.

Comparing 2014’s take to 2015’s figures, the resort town’s network of live casinos made $197.7 million in the former, compared to $191.6 million in the latter october.

This disparity represented a 3.1 % decrease and a possible indication that the town isn’t that great regeneration many had hoped for.

Poker’s Poor Performance

Including to this disappointment had been the revelation that online poker additionally hit a stumbling block in October.

Looking especially at those numbers, 2015 was a month that returned 8 percent more money than the state’s operators generated in September 2015 ($1,913,403 vs. $1,771,123) october.

Nonetheless, while this news was a positive, it had been tinged with another wave of disappointment after it became clear that the month that is latest of operation represented a 2.8 percent year-on-year drop.

In October 2014, nj-new jersey’s collective of internet poker sites banked $1,967,905. In comparison, 2015’s combined revenue