The multi-billion dollar iGaming industry is set to grow even further in the coming year. Sports betting has also seen tremendous growth, and new online casinos and sportsbooks are popping up constantly. This enormous spike in online gambling has resulted in a negative social effect. Critics of the industry say that being able to gamble…
Image copyright PA Image caption The Gambling Commission expressed “significant concerns” at the practices of UK online gambling operators Online casino operators are failing to protect problem gamblers or prevent money laundering, the Gambling Commission has warned. It has written to all 195 UK operators and warned them to review procedures. Many were unable to…
The brother of accused trustafarian vampire killer Blake Leibel was allegedly targeted by the California card sharks celebrated in the new movie Mollys Game. The film starring Oscar winner Jessica Chastain is the true story of Molly Bloom, a former Olympian who organized mega-million dollar poker games featuring celebs, financiers and gangsters. Among those who…
Heidrick & Struggles on Friday said it will lay off 15 of its 200 employees in Chicago as part of a wide-ranging global restructuring expected to save the executive search firm $11 million to $13 million annually. All told, the Chicago-based company plans to cut its workforce of 1,600 employees by 70 people, or about…
6 January 2018 Image copyright PA Image caption The Gambling Commission expressed “significant concerns” at the practices of UK online gambling operators Online casino operators are failing to protect problem gamblers or prevent money laundering, the Gambling Commission has warned. It has written to all 195 UK operators and warned them to r… Read the…
YOUNG people need to be financially knowledgeable to avoid falling into heavy debts and being declared bankrupts. MCA Youth chief Chong Sin Woon said last year, it was estimated 70% of persons declared bankrupt were the young. Last year, out of nearly 300,000 people declared bankrupt, 70% were young people … these groups are most…
Managing your money isnt easy. But finding someone to help you with it can be just as tricky in this country. Even when youre looking for fairly basic guidance on how to organize your finances, people who claim to be able to assist you come with a variety of titles, certifications and acronyms. There are financial…
On January 5th, the management team at Legacy Reserves (LGCY) made an interesting announcement. For months now, market participants have been expecting some sort of move in an effort for the business to restructure its finances and we are finally starting to see some progress after management said it repurchased some of its senior notes…
New Delhi, Jan 6: In significant relief to firms undergoing insolvency resolution, the Finance Ministry has now eased provisions of minimum alternate tax (MAT) for them. Accordingly, companies against whom corporate insolvency resolution process has been initiated can now reduce the total loss brought forward (including unabsorbed depreciation) from the book profit for the purpose…
NEW DELHI: Keen to minimise hardship faced by companies going in for insolvency resolution, the government will from financial year 2017-18 allow a company to reduce amount of total loss brought forward including unabsorbed depreciation from the book profit for the purposes of levy of minimum alternate tax. This facility would be available only for…