Online Betting Lifted N.J. Gambling Tax Revenue in Down

gambling tax revenue by state

gambling tax revenue by state - win

[Local] - COVID-19 craps out state gambling tax revenue by $200 million, but sports betting off to strong start | Chicago Sun-Times

[Local] - COVID-19 craps out state gambling tax revenue by $200 million, but sports betting off to strong start | Chicago Sun-Times submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

[Local] - COVID-19 craps out state gambling tax revenue by $200 million, but sports betting off to strong start

[Local] - COVID-19 craps out state gambling tax revenue by $200 million, but sports betting off to strong start submitted by AutoNewsAdmin to CHICAGOSUNauto [link] [comments]

State-by-state, America keeps betting on online poker and gambling With millions in potential tax revenue on the line, who says no to legalization?

State-by-state, America keeps betting on online poker and gambling With millions in potential tax revenue on the line, who says no to legalization? submitted by iimrich to gaming [link] [comments]

PAYSAFE VS PAYONEER - Which is the Better Buy?

Paysafe is about to merge w/ BFT, hopefully sometime this quarter and as most of you know, it is a digital payments company. Payoneer, is rumored to be possibly merging w/ FTOC and also is a digital payments company.
So why are digital payments a big deal? Well, digital payments are expected to impact 80% of existing banking revenue and be a $7.6 TRILLION industry by 2024. Furthermore, it is expected that current digital payment companies including both Paysafe and Payoneer will experience double digit annual growth over the next 10 years. Or more specifically, a CAGR of 14.2% as a sector.
But there are already big names like SQ & PYPL, why would I want to buy into Paysafe or Payoneer? The answer is simple. The rate at which digital payments are expanding, there is almost infinite growth for companies who can position themselves by having a niche or corner markets in other countries. And when investing you are looking for both growth and scale.
Paysafe currently specializes in payment processing, API, Online payments, gambling payments, Dig Payment Interation w/ Business, Receipts and managing them, fraud detection, automated billing, multiple currency support, mobile payments and currency conversion.
Payoneer currently specializes in Single & Mass Payments, Partner Networking, Receiving Payments, Multi-Currency Support & Integrated Payment systems, digital marketing, ecommerce.
Paysafe acquires revenue based on a sliding scale or a high volume client rate. Where as Payoneer operates on a flat fee percentage.
Paysafe is expected to have $1.5 billion in revenue this year while Payoneer is expected to have around $300 million. Paysafe is obviously the bigger company, so we should skip investing in Payoneer, right? Not soo fast, just because they are currently smaller now, doesn't mean they won't be a billion dollar revenue producing company in 5 years. And that means lots of growth in both valuation and market cap, meaning, your stock price erupts with the growth.
Payoneer and Paysafe both have big name clients. Too many to list, but Payoneer supports Amazon, Google, Adobe and AirBNB. Paysafe has clients such as Playstation, Steam, Skype & Facebook. So both have big name clients and names paying the bills currently.
So which one should you buy? While Payoneer is a strong and a growing international player who is rapidly expanding in India, Japan, Phillipines, South Korea and the UK and although a much smaller company, it has some big name customers. Also note that Payoneer has tripled its revenue over the last 5 years. And on the other hand, Paysafe too has solid customers, much greater revenue and it too is positioned to grow quickly in the digital payments world.
Well, the answer seems simple. BFT is the safer bet and is about to close their reverse merger any day now. It's selling for a bit over $15 right now while FTOC is at a bit under $12. Both are based on a NAV of $10. On the other hand, for those of you comfortable with risk, buying FTOC on speculation before the DA/LOI are signed and announced could very likely result in you making $2-$4 share on the announcement alone.
Another thing to consider as well, is that BFT offers one of the largest gambling wallets in the world. Why is that important? Well, lots of states and govt's are feeling the effects of C-19 on their coffers from the lack of tax dollars and are either rolling back regulation or writing in new regulations so they can benefit from gambling tax dollars. I expect that to greatly expand Paysafes revenues and profitability as gambling carries higher fees than traditional services.
I do feel that both PayoneeFTOC & BFT/Paysafe will continue to expand rapidly, most likely dwarfing the anticipated 14.2% CAGR and that they have a strong chance of tripling in size AGAIN over the next 5 years as digital payments snowball.
So bottom line, digital payments are in the golden age of expansion and both of these companies are poised to enjoy their share of that expansion and while neither company seems to be knocking the others bottom out w/ a Donkey Punch, Paysafe is the larger of the two. BFT/Paysafe seems like a sure thing, while FTOC/Payoneer is the riskier play until the DA/LOI are signed. But as usual, with greater risk, comes greater reward.
Disclosure: I am long on both BFT/Paysafe & FTOC/Payoneer.
submitted by Prestigious_Count_62 to SPACs [link] [comments]

Why I think the NCR will collapse too

So, a lot of people have pointed out all the flaws in Caesar's Legion and how the faction won't last very long after the death of Edward Sallow, and hence for that reason (aside from just not wanting to live in a genocidal slave society) it isn't the best choice for New Vegas. I don't disagree with those people, but I also think that the NCR may collapse as well, and this is why I personally think Vegas would be better off becoming independent (I prefer the Yes Man ending to the Mr House one but I'm not going to get into that since this post is about the NCR).
Now, obviously every society and faction will eventually fall apart, but I mean within a human lifetime. This isn't inevitable, granted, but it will likely require major reform to be averted, and I don't think annexing New Vegas will really do anything to prevent it, in fact it might actually end up doing so would do more harm than good.
Doctor Thomas Hildern predicts that due to the projected population growth of the NCR, the country will suffer mass starvation just ten years after the events of New Vegas. Bringing a whole new city and its surrounding settlements into the fold in a region not particularly well suited to agriculture would like the problem even worse.
What's more, while the Legion as it currently exists will of course collapse, it's former soldiers aren't just going to be immediately pacified, they're likely to continue raiding the area for slaves and resources, and while divided they might not be able to threaten the NCR like they did during the two battles of Hoover Dam, they are still going to continue harassing them to the point they have to station a lot of troops in the area, while they are still dealing with enemies in other parts of the country, such as in Baja California to the south.
And bear in mind, the NCR has to transport all of its supplies by Brahmin, and since the roads are so damaged they can't even have them pull carts and instead have to carry the goods directly on them. It has few or no trucks, trains, boats or aircraft, or the infrastructure needed for these things to run on, and even the few that it has could pretty easily be sabotaged by their enemies or attacked by raiders or hostile wildlife, unless they deploy even more troops to patrol them.
Now of course, some of you might point out that these same issues would likely affect an independent Vegas as well, but aside from the fact that the Mojave is a much smaller area than California, the primary advantage of the Securitron army isn't the fact that individual Securitrons are so powerful - it's the fact that they're robots. They don't need food or water, they don't need to sleep, they don't to be paid and they don't have emotions. This means that they will never suffer the morale or logistical issues that the NCR is facing and will continue to face.
The troops are already barely scraping by during the events of New Vegas, but if the NCR due to it's over expansion and economic crises ends up unable to supply or pay its troops then they may well end up deserting, mutinying and even defecting to other factions in order to support themselves and/or their families (afterall, even Chief Hanlon had plans to sabotage the defence of Hoover Dam, so I’m sure the soldiers in the lower ranks are even more frustrated). This is especially likely considering the fact that most troops in Mojave are conscripts rather than volunteers. They're there because they were forced to go there, not because they wanted to.
The securitrons on the other hand will always obey the leader of New Vegas, be they Mr House or the Courier (FTR, Josh Sawyer himself clarified what Yes Man meant by saying he was going to reprogram his personality to become more assertive - i.e. he was now only going to listen to the Courier, and hence some other person couldn't just come along and take over like the Courier did themself).
The NCR would also struggle to recruit local soldiers because it's pretty much universally hated in the region. Jacobstown are opposed to them because they've attempted to exterminate its inhabitants, Westside don't like them because of their water dispute with them, the Great Khans hate them due to the Bitter Springs massacre and all their wars with them, the Brotherhood are still technically at war with them at the beginning of the game, the Followers are opposed to them because them because of their imperialistic aggression coupled with the fact they just denounced the organisation, the Boomers hate them because they’re not Boomers, the Kings are opposed to them because they want to maintain control of Freeside, Goodsprings are opposed to them because they don’t want to pay NCR taxes, the Powder Gangers are angry because they practically enslaved them, gambling and prostitution are banned in the NCR and so the tribes on the Strip are unlikely to support them.
Now, regardless of whether you think these grievances are justified or not, they are nonetheless present. And yes, obviously the Courier can recruit the support of the aforementioned factions in the game or convince them to make peace, but I’m talking long-term here, not just the very brief amount of time the game takes place in. If things escalate further, NCR’s unpopularity could result in locals revolting against them, especially if the Legion has been defeated and hence the NCR’s presence is no longer considered necessary to protect the local populus.
Another problem is in the internal politics of the NCR. The NCR has pretty much copy-pasted the entire political, economic and legal systems of the pre-war United States. The same United States which had itself collapsed two centuries earlier. Now, regardless of whether the US started the Great War or China or whoever else did, the fact of the matter is the excessive consumption of US, coupled with its jingoistic foreign policy at least shared part of the responsibility for the calamity.
We even see the very same issues of the pre-war US crop up in the NCR. Like the former it has a hungry need for resources, and will stop at nothing to acquire these resources, hence its desire to occupy Helios One and the Hoover Dam. In doing so it has acquired more and more enemies from the likes of the Legion to the Brotherhood to the Enclave and so many others.
The capitalist economic system of both the pre-war US and the post-war NCR demands endless growth. Choosing to simply cut its losses and pull out of the Mojave would not be acceptable as this would result in economic stagnation, hence why it simply won’t do so unless forced out by one of the other factions.
We also see the rise of large corporations like the Gun Runners and the Crimson Caravans. Much as companies like Poseidon Energy and Vault-tec had done in the PWUS, these companies have begun using their excessive wealth to provide them with a disproportionate amount influence over the NCR’s government, effectively buying politicians that support their interests, helping them maintain their monopolies over their respective industries and muscle out potential competitors by any means necessary, and effectively replacing the democratic government with an oligarchy.
Now, as awful as Caesar may be, he makes a very fair point when he says that…
Greed runs rampant. The government is corrupt, accepting bribes from Brahmin barons and landowners, to the detriment of citizens. The NCR is a loose conglomerate of individuals looking out for themselves. It's lost virtue. No one cares about the collective, the greater good. It's not built to last. I'm just hastening the inevitable.
Corruption both historically and in our modern world has been a major hamper for civilisations. If you look at the Corruption Perceptions Index (https://en.wikipedia.org/wiki/Corruption_Perceptions_Index), you’ll notice that there is a very strong correlation between a country having a high level of corruption and being economically poor and/or politically unstable.
This is because corruption makes it much harder for a country to collect taxes, enforce its laws, and do everything else it needs to do. If NCR corruption continues to run rampant, then Mr Sallow is very much correct in saying that it’s inevitable that it will be destroyed.
The rise of the aforementioned corporations also suggests that the NCR is facing a growing gap between rich and poor, as many of its citizens have been forced to squat in Freeside, suggesting a lack of housing in NCR territory. Economic inequality is associated with numerous health and social problems including obesity, drug abuse, poor mental health, crime, poor social mobility, and warfare. It has also historically led to numerous political upheavals including the French, Russian, Cuban and Iranian Revolutions.
During the NCR’s war with the Brotherhood, the latter destroyed the NCR’s gold reserves, which its currency was backed by. This forced the NCR to abandon the gold standard and adopt a fiat currency. Now, fiat currencies work in our real world because the countries/group of countries that issue the “safe-haven” currencies of the world (the Dollar, the Euro, the Pound, and the Yen) have been *relatively* stable and at peace for the last 75+ years, and hence they are generally trusted not to accrue excessive debt or to print money to excess.
The same can’t be said about the NCR. The country has been almost constantly at war ever since it was founded. Whether against the Master, or the Khans, or the Enclave, or the Brotherhood, or the Legion, or all the various raiders within or around its borders, and as I mentioned earlier, it is also on the brink of famine. This forces the country to borrow or print money in order to fund its war and relief efforts, respectively, further devaluing its currency.
In the game, NCR workers mention that the money that they are paid is worth a lot less than it should be as people in the area are reluctant to accept it instead of caps. The NCR has effectively three choices here – it can either continue paying them in NCR dollars at the current amount, which would over time decrease in effective value due to the inflation (which would likely spell disaster – if it’s workers or god-forbid, its soldiers were to see their wages gradually become worthless, they’d refuse to work or turn hostile), keep increasing it’s wages to keep up the inflation, which would result in further inflation, or just pay their wages in caps, which would set a pretty bad precedent if even the NCR’s government can’t trust its currency. If it were to abandon its currency altogether and go back to using bottle caps officially it would render all dollars worthless overnight.
California, even in our real world is notorious for its water insecurity, and real-world Californians don’t have to worry about their existing water supplies being irradiated. In New Vegas, Chief Hanlon remarks that:
Back west, you don't see too many of these. Lakes, I mean. Natural or man-made. Any kind, really. We neglected the dams or pumped all the water out a long time ago. Owens, Isabella, the San Luis. Drained the aquifers of everything they had. Just a lot of mud and dust now. It's a different feeling, watching the sun come up over the water. Takes some getting used to.
This would suggest that the NCR is facing a massive water shortage due it its unsustainable use of its water reserves. Only the Hoover Dam can really prevent a major crisis.
Now, as I mentioned earlier, the NCR gaining control of New Vegas would present a heavy burden on its already overstretched resources. But the truth is, it has kind of backed itself into a corner by even attempting to annex the region in the first place.
If it were to pull out of the region and accept the independence of New Vegas, then that would break the lure of invincibility that it has acquired though out the American South-West. Under Kimball’s leadership, numerous settlements both in Mojave and elsewhere have been annexed into the NCR against their will. If all of them, inspired by New Vegas’s success were to revolt into regain their own independence, then it would spell disaster for the NCR, as it would have to divide its forces even further to quell said rebellions.
Secondly, while Mr. House and presumably the Courier are willing to export water and electricity to the NCR, they are nonetheless going to charge heavy prices for it, and in caps, which would further deflate the value of the NCR dollar.
If the Legion were to take the dam and New Vegas, then they obviously wouldn’t been keen on supplying their enemy with water or power.
What’s more, while the NCR might still be able to defeat the Legion in a long-protracted war, due to the latter’s own internal problems, in the meantime, it would still have to defend against the Legion’s invasion.
This might actually come with some benefits, as everybody in the NCR would be united against their common enemy, and tribes and settlements on its frontiers who might have otherwise been hostile to the NCR might become supportive after learning more about the Legion, seeing the former as the lesser evil at least.
However, the amount of money and lives it would have to invest in its defence would be very difficult to source, especially without the increased tax revenues it could receive from New Vegas and from traders in the region.
While the NCR is intended to resemble the US in the 20th-21st centuries, in practice I think it better resembles the US prior to the Civil War. At that time, it was more common for a person to identify with their state first and foremost and their country second rather than the other way around.
The same holds true in the NCR – the five states that make up the union are constantly prioritising their own interests, even when this is to detriment of the nation as a whole. There are also internal disputes between them, with the Hub and Shady Sands competing with one another for economic dominance.
With the perfect storm of a famine, a currency crisis, a shortage of water, a revolt of the frontier territories and a protracted war with the remnants of the Legion, escalated internal disputes could well be the straw that breaks the camel’s back.
So, what changes would the NCR have to implement to prevent collapse? The first thing it would need to do is break up the trade monopolies that have developed. If they are split up into smaller companies and forced to compete with one another than their ability to interfere with the NCR’s political process would go away along with a lot of the corruption the NCR is plagued with.
Another thing it would have to do is adopt a much more sustainable policy towards its water resources, discouraging waste amongst its citizens and banning business practices which allow water to go to waste.
Any further expansion should take place in the much less arid north, towards Oregon, Washington and British Columbia, providing more water and arable land. Further wars should be avoided wherever possible.
The country would have to reform to become more centralised, diminishing the influence of the individual states and preventing further division of the country.
Unfortunately, I don’t see these reforms being implemented quickly enough to prevent collapse.
But then, why is New Vegas better off becoming independent? Because it presents an opportunity to create something entirely new, and better, rather than trying to recreate the very society under whose watch the world ended, and not even doing a very good job of that.
submitted by BadNameThinkerOfer to Fallout [link] [comments]

Feb/4/2021: (1) Armenia will grow weed (2) Colonel charged w/bribery & tampering w/draft during war (3) Education reform: grading, curriculum, preschool (4) Bill: treason, disability ranking, media (5) Diplomacy (6) Rumors & rebuttals (7) Cancer stats & free treatment (8) $750M bond (9) in-out stats

Your 14-minute Thursday report in 3497 words. Part 1.

anti-corruption: Defense Ministry official busted with bribery & tampering with draft during war

NSS report says: a Colonel, who had oversight over subdivisions, received a ֏975K bribe from a conscript to transfer him to another location on Sep-13-2020. Part of the bribe was transferred to his online gambling account.
When the war began, a draft was declared and recruits began training at a location in Armenia. The Colonel took a ֏1.2M bribe from a soldier in exchange for not sending him to the front lines.
During the winter draft, the Colonel took a ֏5.2M bribe from another conscript and used his connections to send him to the desired service location. A similar ֏1M bribe was requested on January 6th from another recruit.
The Colonel took another ֏1.4M bribe to help promote a conscript and allow him to work at a hospital instead of regular service.
On October 22nd, during the war, the Colonel decided to help a friend move from bordering Khndzoresk (Syunik) hospital back to Yerevan. As a result, the clinic became understaffed and couldn't fulfill its duties. Moreover, the Colonel then helped the same friend not to be deployed on Syunik borders as a soldier and instead to handle tasks in the rear, on October 26th, in exchange for a ֏300K bribe.
On October 13th, during the war, the Colonel and his accomplices wanted to help a soldier to leave Artsakh. When they learned that the latter was already on the "deserted" list, they took steps to remove him from the list.
Then, he learned that his friends' sons received a draft notice, and use his connections to remove them from the draft list.
After the war, on Dec-13, a friend asked the Colonel to make sure that his son, who was serving in Lusakert, wasn't sent to the front lines. The Colonel contacted the Lusakert facility but learned that the soldier was not among those who were supposed to be sent to the front lines. Nonetheless, the Colonel decided to defraud his friend by claiming that "he took care of it", and received a ֏200K bribe.
The colonel and over a dozen others were arrested. Illegal weapons were found under their possession. The investigation continues to expose other possible suspects.
https://youtu.be/ifo13WJLpsU
https://armenpress.am/arm/news/1042334.html

bill: harsher punishment for treason, spying, espionage

BHK MPs drafted a bill to increase punishment for traitors, spies, passing of state secrets. They want to raise the maximum punishment from 15 years to 20-life. The authors explained the move by citing many media reports about alleged "treason" incidents.
The bill was discussed at a relevant Parliamentary committee. The chairman QP MP Vladimir said he supports life imprisonment as the minimum punishment. However, during the discussion, they agreed to settle on 15-20 years plus property confiscation, or a life sentence.
The committee found the espionage punishment too harsh and asked the bill author to reduce it from 15 to 12 years. The BHK author agreed.
The bill was approved unanimously and will be debated/voted on the Parliament floor later.
https://armenpress.am/arm/news/1042354.html

Jalal is back with another position

The wounded ex-Artsakh army commander Jalal Harutyunyan will serve as the Republic of Armenia's Defense Ministry's Head of the Military Control Service. He will replace General Movses Mosi Hakobyan who quit on November 18th.
https://armenpress.am/arm/news/1042353.html

Russian-Turkish ceasefire monitoring group begins operations

Russian troops are using ORLAN-10 and FORPOST drones to monitor Am-AZ troop locations and movements.
https://youtu.be/ToSLqUDj6OE
https://factor.am/335089.html

ECHR received Armenia's complaint against Azerbaijan regarding 228 POWs / Azeris counter-claim for 13 POWs

Armenian families submitted a petition to ECHR to require Azerbaijan to provide information regarding 228 individuals. Azeris want to know data about 13 people.
(From the language it is unclear to me whether the petition is for confirmed POWs, or it also includes families of missing soldiers who want to know whether their relatives are POWs. Likely the former.)
https://armenpress.am/arm/news/1042406.html

Red Cross visited 4 Armenian POWs in Azerbaijan

They were able to establish contact with families.
https://armenpress.am/arm/news/1042428.html

Russia expects UNESCO to soon visit Armenian monuments that went under Azeri control

https://factor.am/335437.html

Russia removed tomato import ban on 13 Armenian firms

Russian regulator will allow 13 Armenian sellers to export tomato and pepper to Russia again after earlier finding a food virus in them. A similar ban was implemented against Azeri tomatoes.
https://armenpress.am/arm/news/1042433.html

US Congressman demands an explanation from the US ambassador to Azerbaijan over "congratulatory" statement

Rep. Bred Sherman wants to know why the US ambassador to Azerbaijan Lee Litzenberger congratulated Azerbaijan's Economy Minister with "de-occupying territories and US's willingness to aid Azerbaijan with rebuilding those territories". He reminded the US officials that the US is a member of the Minsk Group and should take steps to ensure Artsakh's safety and prevention of a new war.
Bred Sherman praised Biden's appointee Anthony Blinken for stating that the US will review its military assistance to Azerbaijan after the latest war in Artsakh.
Artsakh MFA yesterday released a statement urging countries, officials, and organizations to refrain from such "congratulatory" statements.
https://armenpress.am/arm/news/1042370.html

de-occupy Hadrut NGO

... aims to help 13,500 Hadrut residents who lost their homes during the war. It was founded during the war by activists who held protests in front of various embassies. In the early days, they received aid from President Sarkissian's office. The latter gave shelter to 25 families.
Today the NGO aims to help refugees with employment, while simultaneously lobbying for Minsk Group to de-occupy Hadrut so residents can return. "I hope that one day our NGO will shut down because Hadrut is no longer occupied," said co-founder Meri Davtyan.
https://armenpress.am/arm/news/1042286.html

govt session: financial aid for Syunik border villagers

The government approved a new aid package for residents of Syunik's Shurnukh and Vorotan villagers. Those who lost their homes will qualify for the same aid package as Artsakh refugees: one-time ֏300K payment plus monthly ֏65K payments for 6 months. There is another pending aid package to build new houses for them.
Context: Two dozen houses in Vorotan and Shurnukh went under Azeri control because they were built on the Azeri side of the internationally-recognized borders.
https://armenpress.am/arm/news/1042362.html

bill: disability ranking to be replaced with degrees of functionality impairment

The government approved a bill, yet to be approved by Parliament, to reform the disability system. The disability assessment process will analyze the person's level of functional impairment while taking into account surrounding conditions.
"Today, the system is run under a 1993 law that does not do a comprehensive assessment of the surrounding environment, person's ability to function in public life," says the govt.
The draft bill will repeal the 1-3 Categories and Disabled Child category. A person's functionality impairment degrees will be light, medium, heavy, or deep. Disability will no longer be considered a permanent health problem. The assessment will be based not only on the factor of health problems but also on the environmental factors of the person's activity and participation in public life.
Healthcare and Social Ministries, NGOs, the UN, and the EU worked together to create and test an assessment methodology.
https://armenpress.am/arm/news/1042365.html
Tags: #DisabilityLaw #disabled

bill: require unknown Telegram/Facebook media channel owners identified before "linking" by mass media

QP MPs want to require social media channel operators identified before a "mainstream media" can link to them. It doesn't restrict citing "anonymous sources", however. It also requires outlets to disclose sources of revenues for transparency. Read yesterday's news for context and arguments in favor or against it.. The debate continued today.
QP MP Arthur: For example, a legitimate news organization with an editorial staff of 30 people generates information, holds interviews, etc., while a Telegram channel that we do not know where it is managed from and by whom, begins to disseminate sensationalized information and over time becomes more "legitimate" than real media outlets because media outlets "advertised" them.
This is also a national security risk because it is very possible that such sources are being operated by an adversary country to spread instability and an atmosphere of fear in the country. //
The co-author criticized the critics who "claimed that the bill intends to ban anonymous sources. That's not true. This also won't affect the protection of journalists' source secrecy."
https://armenpress.am/arm/news/1042357.html
If you're interested in more debates:
https://youtu.be/MTHwRa4YjgY , https://youtu.be/ThDNVwZYEp8 , https://youtu.be/S6C_NocS9N0 , https://youtu.be/3_-i2Z23ubI , https://youtu.be/wiPnmfeLNJ8
Tags: #MediaLaw #TelegramLaw #FreeSpeech

rumors and rebuttals: Artsakh army isn't being dissolved

Serj's won-in-law Mishik earlier circulated rumors that were denied by state officials. Today, Kocharyan-ally Vitali Balasanyan, who serves as Artsakh's Security Council chief, confirmed that the army isn't "disintegrating." After the restructuring process, there will be subdivisions with professional contractors, he said.
https://armenpress.am/arm/news/1042344.html

rumors and rebuttals: Azeri flag won't fly over Artsakh govt buildings

Vitalik Balasanyan also denied rumors about Azeri flags being installed on Artsakh govt buildings in Stepanakert.
https://armenpress.am/arm/news/1042344.html

rumors and rebuttals: Azeri families won't resettle in Stenapakert / none are shopping in market

Vitalik Balasanyan said there are false rumors about two districts in Stepanakert being populated by Azeris, and Azeris allegedly freely shopping in Stepanakert market.
"Dear citizens of Artsakh, on behalf of the authorities of the Artsakh Republic, I assure you that despite the irreparable losses inflicted on us as a result of the war, the state is always committed to fulfilling its responsibilities to ensure the security and normal life of the population. Accordingly, I urge you not to pay attention to the false news. Everything is being done to create and expand the necessary conditions for a dignified life of the people of Artsakh."
https://armenpress.am/arm/news/1042344.html

rumors and rebuttals: Artsakh envoy won't stop operating in Russia

The Permanent Representation of the Artsakh Republic in Russia will not be terminated, said the Artsakh govt in response to rumors.
https://armenpress.am/arm/news/1042367.html

rumors and rebuttals: no single currency in EAEU trade bloc

EAEU would like to inform you that you've been misled about alleged plans to establish a single currency among member-states.
https://armenpress.am/arm/news/1042427.html

location "Hollywood, Yerevan, Armenia"

There is a district called Hollywood in Yerevan, Armenia. Gamblers were caught running an underground casino in there. This is the second such bust in the past few months. The police say ֏5.5B in damages was done to the state.
https://youtu.be/sp0Sb--e_ms?t=60
https://factor.am/335320.html

anti-corruption: prosecutors charge education officials with ֏1.2B auction shenanigans

Prosecutors said: State Oversight Committee (SOC) audited the "National Center for Educational Technology" government-affiliated agency's finances between 2013-2020. Every year, the agency submitted a report on the work done by them towards servicing the education system. The bill was ֏700M annually.
It was revealed that between 2012-2015, they granted an auction-based contract to the same company. It received a combined ֏2.8B in funding. The law requires the auction-holding officials to examine the market and take other steps before the auction. They failed to do so.
Later, during 2017-2019, the same company was selected to do the job, but this time it was only paid ֏300-400M annually, far lower than during the previous years.
֏1.2B in damages was done to the state. A felony case is launched.
https://armenpress.am/arm/news/1042389.html

re: Armenia's $750M eurobond sale / lowest % in history / $3B demand by investors / economy news

Read yesterday's news for context.
Pashinyan: The issuance of $750M eurobonds is a strong positive signal for the start of the economic year. The issuance was done under the most favorable conditions in the history of our republic, with the lowest 3.8% percentage rate. Our previous record was in 2019 at 4.2%. The demand was for $3B but we decided to issue only $0.750B.
First, it provides a guarantee of macroeconomic stability. Second, this is the first serious signal of overcoming the post-war economic shock, which shows that international investors have confidence in the economic future of Armenia and the policy pursued by the government. //
Economy Minister Janjughazyan: this was part of our long-term plan and we had planned to do it while drafting the 2021 budget. We planned to issue fewer bonds but decided to add $250M because of favorable terms. We plan to use that extra cash towards the stabilization deposit, as a safety pad, to be used throughout the year if necessary.
As long as our budget has a deficit we will have to borrow. But this is only part of the story; the country's overall debt burden is calculated based on various indicators. So far Armenia has been rated as a country with a lower debt burden.
https://armenpress.am/arm/news/1042351.html, https://armenpress.am/arm/news/1042352.html , https://armenpress.am/arm/news/1042363.html , https://armenpress.am/arm/news/1042393.html

how many people did leave and arrive after reopening air traffic with Russia?

The governments of Armenia and Russian worked on an "app" to allow mutual travel after taking a test. By February 15th, there will be 4-route flights in 2 directions. There were several flights in the past few days.
3900 left and 3400 arrived. 1423 Armenian citizens left and 1263 Armenian citizens arrived. "More people were willing to leave in December than today," noted Diaspora Committee chief Sinanyan.
"Some people flew to Russia but had to return due to a problem. This wasn't due to the COVID app implemented by us. Preliminary data shows that they went to Russia with a paper QP code which raised the suspicion of Russian authorities. We will work with them to resolve this," said Deputy PM Mher. (say what??)
"We need to better inform the public about the existence of this app. Restoring routine flights will help the tourism industry," said PM Pashinyan.
https://armenpress.am/arm/news/1042358.html , https://armenpress.am/arm/news/1042383.html

Pashinyan about the suspended Amulsar gold mining project

He repeated his earlier position that "Decisions must be made that take into account Armenia's best interests."
"The mining industry plays a very important role in the development of Armenia's economy, including in the security context."
"We must make decisions to make investment programs acceptable for the Armenian public while taking into account interests of Republic of Armenia."
https://armenpress.am/arm/news/1042368.html

COVID stats

1829 tested. 147 infected. 352 healed. 11 deaths. 4637 active.
"We're negotiating for vaccines via COVAX global initiative. Separately, we're negotiating with Russia for Sputnik-V. Vaccines should be available in March. It will be targeted at specific groups. It won't be mandatory," said Healthcare Minister Avanesyan.
https://armenpress.am/arm/news/1042341.html , https://youtu.be/vXz3pHx1BlM?t=92

the consumer market price increase in the past 12 months

Armenia's consumer market inflation was +4.5% from January to January. Food +6.4%. Alcohol & tobacco +10.8%. Clothing +2.6%. Utilities +0.6%. Appliances +5.8%. Healthcare +5.6%. Transport +5.7%. Telecom +0.5%. Leisure & culture -0.8%. Education +2%. Dining +1.6%. Misc +3.5%.
https://armenpress.am/arm/news/1042323.html

Parliament MP stops a citizen's suicide attempt

Someone tried to jump from Kievyan bridge. QP MP Gor Gevorgyan was nearby and stopped the attempt. The police took the distressed person to a station.
https://armenpress.am/arm/news/1042329.html

psychological support will be provided to war participants and the public

Emergency Ministry says 15-30% of people have PTSD after the war. Today the government approved a plan to provide psychological aid to war participants and others. The target group includes families of missing people, POWs and their families, those who received disabilities, families of those who died, those who fought in the war, IDPs, civilians who were affected in any way. The program will work in Armenia and Artsakh.
The government will purchase services from experienced mental health service agencies.
https://armenpress.am/arm/news/1042403.html

Armenia will grow industrial marijuana on mass industrial scale / incentive to boost land utilization

Hemp is a type of weed that contains less of the substance that makes you feel high. The government wants to grow industrial hemp on a mass scale to boost mood land utilization and revenues.
Pashinyan: this is going to open room for many speculations. It's important to present the project in detail so the public will have a full understanding of what is being done. Unfortunately, "hemp" is interpreted as something else, while in reality, it is a very important industrial raw material. The growing process has risks but there are oversight mechanisms that have been tested in many countries.
Deputy PM Avinyan: the US, Russia, and China have a great experience with industrial hemp production. The practice was examined by the Economy Ministry. We're talking about industrial production only. It will significantly activate agricultural land utilization. Today, 40% of lands are gone unused. This is part of our plan to boost the production of high-value agricultural products.
https://youtu.be/ssZgr2DR3DM?t=7
https://www.healthline.com/health/hemp-vs-marijuana#marijuana
https://armenpress.am/arm/news/1042372.html

Education Minister says the "controversial" parts of Church/History merger were "resolved"

Education Ministry wants to merge the school subjects "Armenian Church History" and "Armenian History". Critics said it will shrink the church-related materials too much, others called it treason, while others supported the decision, stating that it's all part of our history and having a separate class is inefficient.
Education Minister Dumanyan says he met colleagues at the National Academy of Sciences and they resolved the conflicts "that caused a noise earlier." He will reveal details soon.
https://armenpress.am/arm/news/1042379.html , https://youtu.be/V0sC3dx-gzU

Major education reforms: "education alone will not solve all problems, but there is no problem that can be solved without an education"

... said PM Pashinyan during a govt session while discussing education reforms. Kids in 1-5 grades will no longer receive grades; tt will be pass or no pass (still needs Parliamentary approval). "There will be a criticism. How can you not grade? But this is a comprehensive program that emphasizes the student's needs and preferences," said Pashinyan.
"We need to pay attention to how the time is spent in schools and what skills are being taught in school hours. It will reflect in our society 15-20 years later. It will define whether we have a technological product or not.
What we were doing in 12 years (school length) can be done within 9 years, but a 9-year school isn't the solution. Instead of shortening the school, we're trying to fill the gap in a way to have a 50% higher efficiency by the end of the 12th year.
In developed countries, education starts not from school but from preschool. The lower the education entry age the more developed the countries are," said Pashinyan. (the govt has a plan to make sure 70% of kids attend preschools by 2023)
https://armenpress.am/arm/news/1042394.html

cancer stats in Armenia / annual rate / drops among children / fewer abandon treatment

world
9.6 million people die from cancer annually. 1/3rd is possible to prevent. Another part can be cured with the help of early detection.
Armenia
Cancer was the 2nd leading cause of death in 2020. It has increased in the past 10 years but at a small rate. Lung cancer is more common among men, and breast cancer among women.
First time diagnosis by year: 2018 - 8762, 2019 - 7908, 2020 - 7050.
Deaths by year: 2018 - 5199, 2019 - 5434. 2020 - unavailable. (55% men, 45% women)
The cancer rate went up by 1.5x compared to 1990. However, it declined by 2x among children under 14yo.
Fewer people abandon treatment. 3 years ago 53% of lung patients did so, today it's 40%. Breast cancer treatment abandonment went from 47% to 22%. (I translated the word բարձիթողության as "abandonment". Correct me if it refers to something else.)
Artsakh
The number of cancer cases has decreased in Artsakh: from 345 to 260 YoY.
prevention
Oncologist Safaryan says the early detection helps to avoid complications and save lives, even if it's the type of cancer that is known to reappear. There are many patients who defeat cancer. "Smokers should get a lung x-ray twice a year. Those working in chemical plants should get a frequent screening. Do not ignore symptoms and չգցել ականջի հետև. You can defeat it more easily when it's at 1-2 stages. It's a lot harder when it advances to 4."
Preventing cancer isn't easy. The causes of this disease are many. Genetics, bad habits, obesity, surrounding environment. A genetic test can reveal the likelihood of suffering from illness. Some women choose to undergo a mastectomy to prevent possible breast cancer in the future.
"I decided that if 1-in-100 is destined to be cured, I will be that one," said Ashkhen, a woman who recently defeated cancer.
More: https://armenpress.am/arm/news/1042291.html , https://armenpress.am/arm/news/1042364.html , https://armenpress.am/arm/news/1042405.html

cancer diagnosis, surgery, and radiotherapy are free

The treatment was made free recently. The Oncology Center urges the public to get screened as part of an early-detection initiative. The pilot program began in Vanadzor; 307 women were screened.
Cancer diagnosis, surgery, and radiotherapy are free, while the medication has a co-payment.
https://armenpress.am/arm/news/1042423.html

today in history

2004: Mike Zuckerberg founded Facebook to steal your SSN
1949: Sri Lanka declares indpendence
https://armenpress.am/arm/news/1042309.html

president meets donor

Artsakh president Arayik met donor Alec Baghdasaryan and thanked him. "Only with the joint efforts of the Armenian people is it possible to quickly overcome the difficulties and to plan development programs." Alec plans more charity programs relating to education.
https://armenpress.am/arm/news/1042326.html

donations to Artsakh & recovering soldiers

www.1000plus.am (recovering soldiers & their families)
www.HimnaDram.org (for Artsakh & Armenia)
www.ArmeniaFund.org (U.S. tax-deductible)

archive of older news

http://www.armeniapedia.org/wiki/Daily_Anti-Corruption_Reports

disclaimer

All the accused are considered innocent unless proven guilty in the court of law, even if they "sound" or "appear" guilty.
submitted by ar_david_hh to armenia [link] [comments]

FuboTV DD (First time making DD, please give advice)

I tried to make it easy to skip around if you just want to see the financials or estimates. Just scroll to them if you don't care what the company is or their sectocompetition/management. TL;DR at bottom with final thoughts.
Introduction
FuboTV ($FUBO) is an American streaming television service that focuses primarily on channels that distribute live sports, including NFL, MLB, NBA, NHL, MLS and international soccer, plus news, network television series and movies.
Launched on January 1, 2015 as a soccer streaming service, FuboTV changed to an all-sports service in 2017 and then to a virtual multichannel video programming distributor (vMVPD) model. As a vMVPD, FuboTV still calls itself sports-first but its expanded channel lineup targets cord cutters, offering a selection of major cable channels and OTT-originated features that can be streamed through smart TVs, mobile and tablets and the web. The service is available in the United States, Canada and Spain as of 2018."
From their home page:
They are the only competitors in their space of digital sports broadcasting, offer 4K streaming and upscaling of live sports, cloud DVR capability ranging from 250 or 1000 hours on standard plans, and is available on Roku, Apple TV, Amazon Fire TV, Chromecast, Samsung Smart TVs, Xbox One, Android TV, Android Smart TVs, and Android/iOS smartphones and tablets, with plans ranging from $24.99/month to $79.99/month (not including add-ons).
They have also recently acquired one company and have made plans to acquire another to allow for in-house sports betting. They have stated in a press release that they plan to release a sportsbook before the end of the year. This will push them into a broader spectrum outside of only TV and sports streaming, and into the sports betting sector along with DraftKings ($DKNG), FanDuel ($PDYPY), and Penn National Gaming ($PENN).
Plans and Add-ons
FuboTV offers three standardized plans as of February 8, 2021: the Family plan is priced at $64.99/month (normally $75.97/month), Elite at $79.99/month (normally $100.95/month), and Latino Quarterly at $24.99/month, along with offering additional add-ons. Each plan offers a range of channels, cloud DVR capabilities (which allows fast-forwarding through commercials), and casting to multiple devices simultaneously. Only the Elite plan does not offer a 7-day free trial (Channels page).
The Family plan includes 117 channels (mostly news and entertainment with roughly 40 that offer sports, including ESPN), up to 250 hours of DVR space, and casting to 3 devices at once. The quarterly prepaid includes a free upgrade to 1000 hours of DVR space and 5 casting devices at home with 3 on the go (Channels page).
The Elite plan includes 164 channels (includes an additional “47 entertainment channels”), up to 1000 hours of DVR space, and casting to 5 devices at home with 3 on the go. This plan does not offer a quarterly prepaid (Channels page).
The Latino Quarterly plan includes 250 hours of DVR space and can be streamed on up to 3 devices at once, but only has 32 channels. This plan needs to be prepaid every 3 months for a total charge of $74.97 and does not offer a monthly service (Channels page).
Upgrades include additional DVR space--1000 hours for an additional $6.99/month for the Family and Latino Quarterly--and increased device casting--an additional 2 devices at home with 3 on the go for another $9.99/month for the Family and Latino Quarterly plans. You can also add a variety of channels and sports packages (the Latino Quarterly has fewer channel add-ons compared to the Family and Elite plans, which both have the same channel varieties). Sports Plus with NFL RedZone is an additional $10.99/month, but includes all professional and college sports broadcasting services for football, basketball, baseball, hockey, tennis, fighting, etc. (Channels page).
Fubo has recently removed its former Standard plan, which included only 65 channels, up to 2 casting devices, and only 30 hours of DVR support for $60/month.
Financials and Growth
Fubo has yet to file an annual report as they have gone public in October of 2020, but they have filed a 10-Q for Q3 2020. All numbers in thousands.
Assets-
Between December 31, 2019 and September of 2020, assets have increased from $368,225 to $799,313 (a 117% increase) . Total current assets increased from $17,973 to $58,016, but accounts receivable decreased from $8,904 to $6,975--this may be attributed to the increase in prepaid subscriptions which increased from $1,445 to $12,177 which shows strong customer satisfaction and retention.
Liabilities-
Liabilities have increased from $145,049 to $290,376 (a 100% increase). The largest contributors to their liabilities are “Due to related parties” increasing from $665 to $85,847, “Warrant liabilities” increasing from $24 to $28,085, and “Accounts payable” from $36,373 to $61,679. Long-term borrowings have decreased from $43,982 to $25,905.
Revenues-
Subscription revenues increased by $53,433, totaling $92,945 for the year. Total revenues including advertisements and licensing have increased by $61,202, totaling $112,669 for the year and an increase of 47% YOY. Q4 revenue is estimated to be between $94,000 and $98,000 which would be a 77-84% increase YOY.
Expenses-
Subscriber related expenses total $114,315 for the year. Total expenses have totaled $500,249 for the year.
Subscribers-
Ended Q3 with 455,000 paid subscribers, a YOY increase of 58%, and plans to end 2020 with over 545,000, an increase of 72% YOY.
Competition
Its closest competitors are Hulu + Live TV (owned by Disney ($DIS)), YouTube TV (owned by Alphabet ($GOOG)), and Sling TV (owned by Dish Network ($DISH)).
Hulu + Live TV
YouTube TV
Sling TV Blue
Sling TV Orange
The vMVPD Sector
Cord-cutting has become increasingly popular over the last few years with consumers dropping traditional cable and satellite networks in favor of streaming services--such as Hulu, Netflix, Disney+, etc.--and vMVPD services.
In 2019 alone, 6.3 million people cut their cable connection, totaling 39.3 million. In a survey of what they might miss most from cable networks, 52% said they don’t miss anything, 23% missed live events on TV, 22% missed news, and 19% missed live sports. Although not all of those that miss aspects of cable will pay for another subscription service, the sentiment exists for a sports-focused platform that offers other large networks as well.
Another report by Parks Associates reveals that 17% of vMVPD subscribers switched from traditional TV within the last twelve months. In the same report, a survey conducted on current broadband households determined that 43% were “likely to switch to a… vMVPD within the next 12 months." The potential growth exists for the live digital broadcasting space, although it is slowing down.
With the spread of COVID and quarantines, people have been spending more time at home. When things open and quarantines end, that will be the true test for these providers as people will spend less time watching TV.
The Sports Betting Sector
Legal sports betting has taken a huge leap in recent years with the introduction of online sports betting; the ability to place wagers from anywhere at any time and have instant gratification has boomed with its slow legalization. This sector has a forecasted value of $150 billion with other competitors already having a completed project and vast market share. In 2019, DraftKings ($DKNG) and FanDuel (PDYPY) controlled 83% of the market share.
FuboTV plans to join into this space with its own sportsbook. Their recent acquisition of Balto Sports in December of 2020, whose business was in simulating fantasy sports games, is Fubo’s first step into sports wagering. They plan to create a free-to-play gaming system alongside online sports wagering.
Their next planned acquisition, which was announced in January of 2021, will be to acquire Vigtory, a sports betting and interactive gaming company. According to BusinessWire, they plan to utilize Vigtory’s “sportsbook platform and digital gaming assets, and its consumer-driven betting technology, to develop a frictionless betting experience for fubo’s customers."
These recent acquisitions set Fubo up to create an all-in-one viewing and betting experience, which could add new customers to their subscriber list and seal them into online wagering.
It has been over two years since the Supreme Court has denied the federal ban on sports betting, which would have made online betting illegal in all of the United States. Currently, more than two dozen states have legalized sports betting, but most have only legalized in-person betting. More states may be willing to legalize to take advantage of the increased revenues and taxes associated with gambling and online wagering. As of 2020, six additional states plan to legalize some form of betting, although some are only allowing in-person. There are an additional 14 states that are considering the notion to allow legal gambling, whether in-person, online, or tribal.
Management and Investors
David Gandler - CEO / Director / Co-Founder
Appointed as CEO and director in April of 2020. Prior to Fubo, Gandler had a 15 year career in marketing and advertising in local broadcast and cable TV within both general and Hispanic markets at companies such as Time Warner, Telemundo, and Scripps Networks Interactive.
Alberto Horihuela - CMO / Co-founder
In charge of marketing, Horihuela was head of Latin America for SVOD service DramaFever.
Simone Nardi - CFO
Nardi has worked as SVP and CFO of Scripps Networks Interactive where he was responsible for the finance and strategic planning for the company’s international business. Was also a key player in refinancing TVN S.A.’s billion dollar debt.
Large Investors
Analysts and Estimates
Average analyst ratings put Fubo at a Buy to Strong Buy rating with an average price target of $45.50 with a high of $60 and a low of $30. EPS estimates are estimated to be -5.23 for 2020 and -1.64 for 2021.
Currently has a short float of about 75%, but the short volume has been holding at roughly 15-20% over the last month and has drastically declined from its October short volume of over 50%.
Originally valued at $700 million less than a year ago, a current valuation of $3.19 billion is respectable for this company and is on par for its current performance.
Risks
Final Thoughts / TL;DR
With its drastic growth over the last year (400% in the last 4 months), support from FaceBank and well-known investors, and plans to join the sports betting sector, FuboTV has potential to become a household name and grow well beyond its current valuation by combining both sports broadcasting and online sports betting into one convenient place. Although unlikely to overthrow any of the current forces, it can become the best live sports broadcaster that people can turn to when they cut cable but want to keep live sports. It has many hurdles to overcome (creating their sportsbook, better marketing, increasing subscriber count, etc.) before it is any real competition to its already established competition.
At a $3.19 billion market cap and very high (75%) short interest, it will be very difficult to realize consistent growth, but it is on par for a company with almost $100 million in revenue.
My Position
25 shares at $47.30

Edit: edited final thoughts/TL;DR
Please provide feedback! First time actually researching and compiling information for a company and not just reading about them on here. Also, please ask questions to clear up any confusion; it was kinda hard to put everything together neatly, so I might have accidentally left stuff out or oveunder explained some things.
submitted by AlbibiG to stocks [link] [comments]

WHY CANNABIS MARKET FOR 2021

The cannabis market right now is so similar to the start of the green energy market.. its nowhere near done being bullish. Save for some small dips, there will very likely be a huge bullish trend for 2021. EVEN NASDAQ AGREES. I’ve posted my positions a few times, and I’ll continue to do so. But this is my reasoning for investing in cannabis stocks in general for 2021.





Other ongoing state legislature:
Now that you understand why I’m going green, here’s my reasoning for my positions.
TLRY (Tilray)
GNLN (Greenlane Holdings)

SNDL (Sundial Growers)

PLNHF (Planet 13 Holdings)

I’m well aware of other good stocks like GTBIF, CRLBF, SSPK, TCNNF, GRWG.. but these stocks haven’t been swinging as hard in response to pro-cannabis news. E.g. TLRY, SNDL, GNLN swung more than 20% some days from pro-cannabis news...I will likely reduce my current positions shortly after inauguration, after some news about the timeline for cannabis legislation, and diversify my positions more between these other good picks.

2021 is the year of cannabis boys
submitted by DerbDsoul to pennystocks [link] [comments]

ACAC Spac (PlayStudios): A Solid Risk Reward Longer Term Play (Long)

Hey guys, I have a bit of a long DD on ACAC / Playstudios. You can read the text below. If you want to see the full post with all the nice pictures, you can check it out here. I was too lazy to upload each picture individually to Imgur. Apologies in advance.
I've seen numerous people on Reddit compare the ACAC / Playstudios SPAC to Skillz, and some even to Draftkings. I think this is mainly because they're all in the online gaming / gambling industry, but aside from that, the companies themselves are quite different.
I think a more apt comparison should be between Playstudios and Playtika (Ticker: PLTK), since they operate in the same vertical, compete against one another in mobile slots games, and Playtika has publicly available financial data in which I will be making comparisons against.
Playtika Analysis
You can find Playtika's prospectus here
First and foremost, Playtika is one of the leaders in the mobile casino space. They have an assortment of games, and they themselves are diversifying into more casual games (similar to what Playstudios says they are trying to do), but their bread and butter are casino games, and the ones that make the most money for them are slots.
Slotomania, House of Fun, and Caesars Slots are all mobile slots games, and as you can see from the above, they generate a significant portion of Playtika's revenues (roughly 50% of their 2020 revenues).
OK, so why do I keep bringing up Playtika? Well, they had a very interesting graph that shows how much of their revenues come from different segments of their user base, based on when they acquired those users.
What this chart is saying is that 45% of their revenues came from users acquired from 2013 and earlier!
This is insane! They have such high user retention and user LTVs, that they're still monetizing a portion of their users that they acquired from 7 years ago.
If we go up to 2017, then roughly 75% of their revenues come from users acquired 2017 and earlier!
This is important because Playtika's oldest games are all slots games. So this is telling us that users that play mobile slots games, they tend to stay with those games for extremely long periods of time, and if they do stick with them, they spend a lot of money! This is great news since the vast majority of Playstudio's revenues come from mobile slots games.
If you look at Playtika's financials, you'll notice pretty nice revenue growth. However, a lot of that is non-organic, and was accomplished through M&A. This was because in 2016, Playtika was acquired by a consortium of Chinese game companies for $4.4 billion (including Giant Network, a well known gaming company in China), and they need to make revenue numbers higher to have a better story to sell for the IPO.
And part of their strategy was to diversify into casual games, and they did so by acquiring about 15 companies since 2016, including Wooga (developer of June's Journey, a very profitable find hidden objects mobile game) and Supertreat (developer of Solitaire Grand Harvest, a profitable card game).
However, one of the caveats of casual games is that the ARPPU (average revenue per paying user) is lower, and retention is lower than casino games. I did my own calculations on Playtika's ARPPU for 2018, 2019, and 2020, and you can see the noticeable downtrend. This was obviously not disclosed in the prospectus. Only ARPDAU (average revenue per daily active user) was disclosed.
My belief is that even though ARPPU and retention are lower, maybe the market is giving a higher multiple to casual games. I believe that even though online gambling is beginning to see legalization in many states, and more and more people are starting to be open to it, there is still a bit of a social stigma associated with it, and certain investors may be wary to investing in a pure "casino" play. That's why Playtika is making such a concerted effort to move away from purely casino games, and positioning itself as an mobile entertainment company. Another reason is also the immense competition and high user acquisition costs, but Playtika has shown that they are more than able to execute on a long term strategy here.
Playstudios Analysis
Before jumping into anything else, I want to go straight to Playstudio's financials.
The reason is because I think there's a lot of fluff here, and I want people to know the bullshit. But even when you see through the bullshit, the downside is still mitigated enough to warrant this play.
So first off, take any numbers you see from 2022 with a grain of salt. No one knows what's going to happen this year, let alone two years in the future, and in my eyes, those 2022 numbers look extremely unrealistic. Revenue growth will probably not be that high, unless they make some big acquisitions, and EBITDA margin expansion probably won't be that fast.
Revenue Growth
Playstudios is planning on launching a Bingo and an RPG game, and their plan is to aggressively spend on UA (User Acqusition) in 2021. Their hope is that revenues will scale up with their UA, and by 2022, they can lower their UA spend a bit, and continue to monetize the new games exceptionally well, maybe at an even better rate than 2021.
I think this is a bit farfetched, especially in such a competitive space as Bingo. I've done analysis on Bingo games before, and some of those games have also been around for 8 to 10 years, and they can't expect to just launch a game and have it ramped up to their expected revenue in a year's time. Development for those games requires game designers, people who are very good at math, product designers, and a many other people, which can make the development timeline quite long (at least a few months, for a more finished product, I think at least half a year for these guys). I think a more plausible scenario is that they acquire a smaller Bingo player, and then begin optimizing that game, and add in their own loyalty rewards, as that's the quickest way to ramp up revenues post IPO.
My guess is revenues are not going to ramp up as quickly as they expect, and they'll see limited revenue growth here, and still mainly see some growth from better monetizing their slots players. I think by 2022, somewhere between $350 million to $400 million in revenues is more reasonable, and I'd probably lean towards the lower end of that range.
Margin Expansion
In terms of margin expansion, I think the decrease in cost of sales is doable. It seems like there is some extra fat there that they can trim as they scale. The cost of sales is mainly the tax that Apple and Google charges when users make a purchase through their respective stores, and this is a flat 30%. I doubt they'll get it less than 30% any time soon, but that will probably be through getting their whales to make purchases outside of the Google Play Store or App Store, and using a much cheaper payment processor.
I think a long term goal of 20 - 25% for UA spend is reasonable. I'm OK with these numbers, though they may need to spend more initially to ramp up new games. One of the benefits of their loyalty rewards program is that they can have higher retention, and this might be a way for them to lower their UA spend, since people may be more willing to tell their friends about a free trip or prize they won through a mobile game.
Another reason I'm OK with the UA spend is because it seems like they have a pretty knowledgeable UA team. I have access to App Annie, a data analytics company that tracks mobile apps, and I checked out the download history for POP! Slots, one of Playstudio's mobile games.
You'll notice that US downloads spiked quite a bit in March. This is right when COVID-19 was beginning to spike in the US, and people began working from home. In the mobile app world, many apps had spikes in downloads in March and April 2020 because there was a much larger pool of users looking to download apps. CPAs came down, and companies that had strong UA teams were able to capture a lot of these new users. Thus, this tells me that Playstudios UA team was at least aware of ongoing trends in the mobile app space, and they were able to capitalize by gaining more users during that period of time.
The biggest issue I have is with the "All Other Expenses." I don't know why it's this high (R&D and G&A shouldn't be that high), and Playstudios definitely needs to do some expense cutting here. While this has the most room to cut, it may be the hardest since I'm guessing a lot of that cost is from legacy employees. But if they can get this to around 30% by 2022, I'll be happy.
Playstudios Has No Daily Active Users (DAU) Growth
This is a common issue I see raised on Reddit and I want to address it here. Below is another chart from App Annie, which has DAU estimates.
As you can see, DAU has remained pretty flat for the past 2 years, roughly between 150K and 200K users.
But have you considered that revenues were actually increasing during this time? This means that Playstudios is becoming more efficient at monetizing their current users (getting more money out of older players), or their user acquisition team is targeting more profitable users.
And this is just how the game is played in the mobile apps world.
Users will eventually get sick of a game and stop playing. Not many games can count on users organically finding their game, and continuing to play indefinitely. To maintain a certain DAU, companies generally have to spend money on UA to maintain that user base. It becomes a business where you are calculating how much you are spending on UA, and whether the LTV and retention are good enough that you can make money in the long run from those users. You can think of it as an ROI on your marketing spend.
And this is especially true for mobile game apps. If it were a social app, then yes, something like the network effect can come into play, and UA spend would be much lower. But for Playstudios, maintaining a steady DAU is actually a sign that their UA team knows what they're doing, and they're able to maintain a profitable and highly efficient business. It's actually a positive that they can maintain their DAU, and even INCREASE their revenues during that period.
End Game?
I don't actually know how this will end up. I don't give price targets cause I have no idea how the markets will value this company. But I can provide a few data points so that you can make your own decisions.
From a multiples standpoint, Playstudios is cheap on a revenue multiple basis compared to Playtika, and is about the same from an EBITDA multiple basis.
I personally don't think that Playstudios is a play that's going to 5X. Hell, even 3X I think will be a stretch. But, they do have a loyalty program that will help lower their UA costs, and extend the lifespan of their users. And they are moving into more types of games to diversify their revenue source.
The reason I like this play is because I think the downside is heavily limited. The lifespan of casino slots players are so long, and the revenues are pretty stable (even growing), that there isn't an immediate risk that revenues will all of a sudden drop 30%, as is the case with lots of other mobile game companies. Add on top of this the potential for new revenue growth drivers from Bingo and RPG games, and the potential for margin expansion, that this is an easy 30-50% upside from current prices with almost minimal downside.
One last minor bit, is that I'm sure lots of people missed out on the hype surrounding Draftkings and Skillz, and I'm sure there are some retail investors that will look for any type of casino / mobile gaming / gambling deals, and may jump on this as well. My feeling is that there is also a potential upside from the hype or FOMO factor.
Anyway, this is my analysis on Playstudios / ACAC, hope you guys enjoy.
Disclaimer: I am not a financial advisor. These are my personal views and analysis on Playstudios. Please do your own due diligence.
Disclosure: I own 400 shares of ACAC.
submitted by bananainbeijing to SPACs [link] [comments]

Its a Boomer play, but its guaranteed money: $GE Leaps

So, this DD isn't actual TA. It is a series of (what I believe) are very safe assumptions: a combination of political analysis, energy trends, and inevitable nation-wide "must have" investments. WARNING: this is long. By necessity, one assumption leads to another. I'll give you the one sentence TLDR up front, but because this is an assumption-chain, I encourage you to read this post
----
TL/DR:
In order for Biden to get a quick win for what is looking like unfavorable (to Dems) 2022 midterms, he will first shoot for a massive infrastructure bill. Either way Georgia goes, Dems won't blow up the filibuster. Therefore, if he wants to have any "green" policies in his first term, he has to make it super amenable to Republicans. (1) Connecting **rich** renewable areas (mostly Republican states) by extensive HVDC lines to (2) an enhanced nationwide Grid (HVDC lines) will kill two birds with one stone. This ^ infrastructure is inevitable, either way. $GE is the #1 and only American HVDC provider, 220k workers +. $GE Renewables don't contribute to revenue right now, but HVDC + Wind (which will be yuge) make it a massive discount rn.
-----
I am going to lay down a series of linear assumptions and realities below. I feel like these assumptions are all safe, therefore, it is highly likely that the outcome I describe comes to fruition within the next 4 years.
  1. EVs are going to see mass adoption. Every automaker + Apple is trying to get in on this. BEV advantages are simply too great. It is highly likely that by 2025, 30% or more of the U.S. fleet will be electric. This will only continue to 2030.
  2. This will cause big increases in demand on the grid. Go google around: Grid owners are ecstatic about this. The average American home uses ~33 kWh of energy per day. I own a model 3, and BARELY drive (i dont commute) and still use ~10kWh per day for driving. A commuter may use around 30-35 kWh per day just to drive. By 2025, if ~30% of the U.S. fleet is electric, that'll cause a significant increase in grid demand. More important, though, is that energy generation investment takes time. Grid owners know this is coming. They will beef up generation faster and faster as the U.S. economy becomes more electrified instead of based on fossil fuels.
  3. Added capacity is likely to be green. This has 2 causes. (1) Finance: Coal isn't cost competitive with solar and wind anymore. Solar is getting very, very cheap and more and more efficient. Offshore wind is having a renaissance. Nuclear is greener, but more expensive (~$4,200 per kW), and NIMBYism will prevail. Solawind + batteries is cheaper than $4,200 per kW right now. Additionally, Alaskan oil can't even get bank financing now, and Coal isn't expanding. People see the end is near. (2) Politics. Dem administration for the next 4 years, and green energy isn't the political football it was 10 years ago. Fighting renewables isn't the focus of the right anymore. Additionally, Democrats resist natural gas expansion: remember the Keystone pipeline? Natural gas is pretty green and cheap af, but its not everywhere, and I deem it unlikely that population centers (NE Corridor, Cali, Chicago, etc etc) are going to be OK with more and more natural gas plants. I deem it unlikely that we're gonna be a 50%+ natural gas country.
  4. Biden will do an infrastructure bill. This will happen. Its popular, its needed, and its perfect for his huge desire to be seen as a bipartisan president.
  5. Biden will try and include moderate green elements in this bill because he knows he won't get green policies otherwise. Even if the two Georgia seats go blue, there is **ZERO** chance the Dems blow the filibuster. You have (1) a president that won by a narrow margin, that (2) isn't that popular, (3) who has a bad-looking 2022 midterm, that (4) won't run in 2024 cause hes ancient, with (5) a not-too-popular VP, can't afford to run roughshod over norms and weaken their 2022 prospects. 50-50 plus Kamala casting the deciding vote? Please. Not happening.
  6. Green elements in an infrastructure bill will have to benefit Red states in order to get passed. We're not gonna get a carbon tax / cap and trade system. We're not gonna get massive oil taxes
  7. A lot of Red states are RICH in renewables. Look at these maps (https://www.nrel.gov/gis/solar.html) for U.S. solar, and this map (https://energy.maryland.gov/Pages/Info/renewable/windmaps.aspx) for U.S. wind. What do you notice? For the most part, there are huge wind opportunities in the Midwest. There is huge solar potential across Texas and the South. Outside of California and Northeast Corridor offshore wind, renewables are concentrated in the Midwest and South.
  8. Right now, we can't take full advantage of these areas because the infrastructure to transport 2025-2030 sized energy demands to population centers don't exist. This is key. Right now, the U.S. energy grid is largely disconnected in terms of HVDC lines (high voltage lines capable of transmitting huge amounts of power with minimal loss: it resembles small, little fiefdoms. Google "U.S. HVDC Map" (make sure you're looking at the current ones--not the projections). We don't have that much HVDC infrastructure. In this past, there wasn't a huge emphasis because there wasn't that much need....renewables price efficiency didn't make for THAT compelling of a need, and localized Grid owners made-do with the status quo. HVDC network improvement is INEVITABLE. Renewables are too cheap, and the efficiencies inherent in concentrating wind and solar where appropriate are too vast. Right now, as you read this, there is an UNDERSEA Ultra HVDC cable being laid between Australia and Singapore to transport solar power. I shit you not. Europe and China are building vast HVDC and Ultra HVDC lines right now. Look at this wiki page: https://en.wikipedia.org/wiki/List_of_HVDC_projects. See how many are in Asia/Euro vs the U.S.? Its a fucking joke. It is extremely unlikely that we're gonna just slap solar and wind where they are sub-optimal, rather than seek greater ROI. Mass HVDC lines are inevitable.
  9. General Electric is the only large American HVDC provider. GE employs 200,000+ Americans. It is literally one of the oldest American companies. It has a super American brand name, and is politically connected.
  10. HVDC is expensive. I'm not an expert, but because of NIMBY, its likely that a lot of HVDC will be buried along rail lines (From what I read). HVDC between hundreds of wind/solar fields across the U.S. will need to be built, plus HVDC / Ultra HVDC between renewable zones to NE Corridor, Chicago, California. I'd google around for figures, but basically, its $$$$$$$$$.
  11. Right now, General Electric's Renewables sector barely brings in any revenue (17% 2019 revenue, around $15 billion https://www.statista.com/statistics/245430/revenue-of-general-electric-by-segment/#:~:text=Aviation%20and%20power%20are%20the,U.S.%20dollars%20one%20year%20before.). The new CEO is actually pretty fucking great (https://en.wikipedia.org/wiki/H._Lawrence_Culp_Jr). He turned Danaher around, and is setting up GE for success. GE has a TON of debt (debt/equity above 6.0), but what will happen to the stock when GE is given absolutely gigantic contracts in order to buff up the U.S. Grid? They really are the only American company with the production/size ability to do this. What happens when the GE Renewables sector grows by 4-5x over the next 10 years? Grid improvements + Wind turbines are going to go up bigly. That $15 billion revenue line item may increase dramatically.
If you read this far, let me restate that this isn't TA. I don't have strikes for you. I don't know how to value HVDC and Wind over the next decade. However, I have a STRONG feeling in my nips that $GE is going to be a major American comeback story, and ^ that political/economic/renewable trends make it exceedingly likely that GE will have huge grid contracts coming up. How much of this is already baked into the price? I have no idea, but I do know that the big boys don't gamble on Adderall rantings like this, so it probably isn't baked in.
I'm using GE to add some safety to my current 100% TSLA portfolio. I encourage you all to pick up at least a few cheap 2022 GE Leaps. I'm buying the furthest out, highest strike calls I can get.
submitted by IS_JOKE_COMRADE to wallstreetbets [link] [comments]

Rocket Mortgages is fueling now. The ticker is literally 🚀 🚀 🚀

Long time lurkecommenter, first time DD poster. We’re still doing that right? Here’s some theories on catalysts that will launch this $Rocket.
🚀 Earnings are scheduled for Feb 25 after close (estimated). Expiration of calls on 2/26 will be perfect to play a run-up or just to gamble on earnings itself and close the position on Friday after they report Thursday AH. Buying multiple options allows both! Even if there are just 2 options, 1 could be used for a run-up play, sell it to decrease overall cost basis, and then ride the other option through earnings for the gamble.
🚀 🚀Guess who is on a top list of short interest? You guessed it, $RKT. Per the list at https://www.highshortinterest.com/, $RKT is number 17 at 40.72% on 102.38M float. When filtering down to where our friends $GME and $AMC are listed on NYSE, $RKT takes the number 8 position. They are number 1 in short interest in the Consumer Lending industry. I don’t think I need to explain what short interest is and how it can impact a stock price. Mark Cuban loves when people short his stocks. Now do I think there will be a squeeze? No, I do not think there will be a squeeze but I could see some hedgies getting taken over by FUD and getting out of short positions which will cause a slight uptick. As such, it may be wise to buy options with a little more time on them, so that they could be held another week when they have surprise earnings moving the price up, hedgies cover, and drive the price up even more into the following week. Play would be to buy 3/5 expirations or even go out to 3/19 where there’s a lot more volume. Personally, I like the play from number 1.
🚀 🚀 🚀 Home sales are the highest they have ever been EVER. Go play with the chart here: https://tradingeconomics.com/united-states/existing-home-sales. The 1 year bar chart shows those 3 months are the three highest months in the past year. Guess what time period $RKT is reporting? Yep, quarter ending calendar December 2020. Obviously adding up by quarter results in this being the highest quarter ever. In the 5 year chart the trend looks like a $SPY chart. The last three months are significantly higher than any of the relatively consistent bars for the past 4.75 years. Perhaps that volume in the past three months is just making up for the dip during the start of the pandemic in the US and current low interest rates. Perhaps that true, but the market cares about quarterly results and I don’t think that surprise is priced in.
🚀 🚀 🚀 🚀 Last earnings EPS consensus was 0.79 vs the actual reported of 0.96, which is a surprise of +21.5% (https://www.nasdaq.com/market-activity/stocks/rkt/earnings). The consensus for this upcoming earnings is 0.86, which is only a increase of ~9% from their previous (wrong) estimate. Based on the home sales Q-o-Q increase alone of 10.4%, there EPS should really be about 1.06, which will be a surprise of over +23%. I am not a financial advisor, nor a mathematician so do your own subtracting and dividing and don’t forget your parenthesis. Order of operations are important —> buy low, sell high.
🚀 🚀 🚀 🚀 🚀 So that’s all the number stuff, what about the soft data. Has anyone actually bought a house recently? I know some people that have moved states, moved cities, even moved streets, and there is a LOT of activity. I personally have received cold calls offering me positions to be a loan auditor and loan closer. The wait time on the transactions of people I know hasn’t been exorbitant but you can definitely tell the people on the other end of the line aren’t browsing this sub; they are legitimately busy. Who knows about employee effectiveness, but I think that companies are getting the most out of their employees during a sudden increase in demand before they can fill more positions. The existing people are working hard, not browsing reddit, and getting paid the same amount (or maybe slightly more if they get overtime). All the on-boarding and incremental labor costs haven’t hit yet, because they are still up-cycling to meet the new demand. More revenue + same labor cost with more effectiveness is more to the bottom line.
🚀 🚀 🚀 🚀 🚀 🚀 But how do you feel about the stock? I think I like this stock. But just for a quick date, and then close out everything once they tell me their life story for the last three months.
TLDR; the name of the stock is literally $rocket. People are buying houses like crazy. Earnings on Feb 25.
Positions: $RKT 2/26 $22.00 and $23.00 calls. Also holding shares on all BANG GANG, among other various options and shares. 220 shares strong on $GME at average of $201.
🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀
THIS IS NOT INVESTMENT ADVICE: The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
submitted by Orionaux to wallstreetbets [link] [comments]

EIDL Targeted Advance Application Questions

From the EIDL Targeted Advance Application, here are the questions they ask on each page. There are a total of 4 pages.

PAGE ONE:

A. ELIGIBILITY QUESTIONS:
Applicant must review and respond to all of the following questions. Please note that “owner” includes each proprietor, each limited partner or LLC member who owns 20% or more interest, each general partner or managing member, and each stockholder or entity owning 20% or more voting stock. If Applicant does not meet the initial eligibility requirements, Applicant will not be able to proceed to the remainder of the application.
  1. Are all owners of the Applicant U.S. citizens, non-citizen nationals1, or qualified aliens2? *
  2. Is any principal of the Applicant with a 50 percent or greater ownership interest more than sixty (60) days delinquent on child support obligations? *
  3. In the past year, has any owner of Applicant been convicted of a felony committed during and in connection with a riot or civil disorder or other declared disaster? *
  4. Has Applicant or owners of Applicant ever been engaged in the production or distribution of any product or service that has been determined to be obscene by a court of competent jurisdiction? *
  5. Is Applicant or owners of Applicant currently suspended or debarred from contracting with the Federal government or receiving Federal grants or loans? *
  6. Is any owner of the Applicant currently incarcerated? *
  7. Is any owner of the Applicant presently subject to an indictment, criminal information, arraignment, or other means by which formal criminal charges are brought in any jurisdiction for any felony?
  8. Within the last 5 years, for any felony involving fraud, bribery, embezzlement, or a false statement in a loan application or an application for federal financial assistance, or within the last year, for any other felony, has any owner of the Applicant 1) been convicted; 2) pleaded guilty; 3) pleaded nolo contendere; or 4) commenced any form of parole or probation (including probation before judgment)? *
  9. Is Applicant engaged in any illegal activity (as defined by Federal guidelines), including selling recreational or medical marijuana? *
  10. Does Applicant present live performances of a prurient sexual nature or derive directly or indirectly more than de minimis gross revenue through the sale of products or services, or the presentation of any depictions or displays, of a prurient sexual nature? *
  11. Does Applicant derive more than one-third of gross annual revenue from legal gambling activities? *
  12. Is Applicant primarily engaged in political or lobbying activities? *
  13. Is Applicant owned by a state, local, or municipal government entity (other than a tribal business concern, as described in 15 U.S.C. 657a(b)((2)(C))? *
  14. Is Applicant owned by a member of Congress? *
  15. Is Applicant an agricultural enterprise (e.g., farm), other than an aquaculture enterprise, agricultural cooperative, or nursery? *
  16. Is Applicant a nursery farm that derives 50% or more of annual receipts from the production and sale of ornamental plants and other nursery products that they grow? *
  17. Is Applicant a pawn shop that derived more than 50% of the previous year’s income from interest? *
  18. Is Applicant engaged in lending or investment? *
  19. Is Applicant a loan packager that earns more than one-third of its gross annual revenue from packaging SBA loans? *
  20. Is Applicant engaged in multi-level sales distribution? *
  21. Is Applicant engaged in real estate development or investment (other than rental properties)? *
  22. Is Applicant a life insurance company? *
  23. How many employees does Applicant have as of the date of this Targeted EIDL Advance application? *
1 Non-Citizen National is defined in 8 U.S.C. 1408: Unless otherwise provided in 8 U.S.C. 1401, the following shall be nationals, but not citizens, of the United States at birth: A person born in an outlying possession of the United States on or after the date of formal acquisition of such possession; A person born outside the United States and its outlying possessions of parents both of whom are nationals, but not citizens, of the United States, and have had a residence in the United States, or one of its outlying possessions prior to the birth of such person; A person of unknown parentage found in an outlying possession of the United States while under the age of five years, until shown, prior to his attaining the age of twenty-one years, not to have been born in such outlying possession; and A person born outside the United States and its outlying possessions of parents one of whom is an alien, and the other a national, but not a citizen, of the United States who, prior to the birth of such person, was physically present in the United States or its outlying possessions for a period or periods totaling not less than seven years in any continuous period of ten years. During which the national parent was not outside the United States or its outlying possessions for a continuous period of more than one year, and At least five years of which were after attaining the age of fourteen years.
2 Qualified Alien is defined in 8 U.S.C 1641(b): The term "qualified alien" means an alien who, at the time the alien applies for, receives, or attempts to receive a Federal public benefit, is: An alien who is lawfully admitted for permanent residence under the Immigration and Nationality Act (8 U.S.C. 1101 et seq.), An alien who is granted asylum under 8 U.S.C. 1158, A refugee who is admitted to the United States under 8 U.S.C. 1157. An alien who is paroled into the United States under 8 U.S.C. 1182(d)(5) for a period of at least 1 year, An alien whose deportation is being withheld under 8 U.S.C. 1253 (as in effect immediately before the effective date of § 307 of division C of Public Law 104–208) or § 241(b) (3) of such Act [8 U.S.C. 1231 (b)(3)] (as amended by § 305(a) of division C of Public Law 104–208), An alien who is granted conditional entry pursuant to 8 U.S.C. 1153 (a)(7) as in effect prior to April 1, 1980; or An alien who is a Cuban and Haitian entrant (as defined in § 501(e) of the Refugee Education Assistance Act of 1980).

PAGE TWO:

(the information on this page is pre-filled, but you can edit most of the information)
B. CONFIRMATION OF PREVIOUSLY SUBMITTED INFORMATION
The information below was submitted with your previous application. Please confirm that it is still accurate for your business or organization. Revise any information that has changed. Ensure that the legal name of your business is entered correctly and that it matches your 2019 tax return; this would be the business owner’s name in some cases, such as a Sole Proprietorship or Independent Contractor, where a separate business tax return is not filed. Bank name should be the official name of the bank; please contact your bank if you are unsure. Ensure that you provided a checking account to facilitate the ACH payment. The bank account you provide must satisfy the following: (1) Account opened using your business legal name; (2) Account has your business address and phone number; (3) Account opened using your business tax identification number (EIN, or SSN if no EIN registered).
  1. Legal Name of Business:
  2. Is the Applicant a Franchise?
  3. Primary Business Address: Street: City: State: Zip:
  4. Business Phone Number:
  5. Business Activity (e.g., restaurant, retail): Detailed Business Activity:
  6. Date Business Established (MM/DD/YYYY):
  7. ACH Information Bank Name: Routing Number: Account Number:
  8. Amount of EIDL Advance previously received:
Is information in questions 1-8 above correct?

PAGE THREE:

C. NEW INFORMATION
  1. Please provide contact information for questions on this application:
Phone number:
  1. Complete the monthly gross receipts for each year listed on the form. Gross receipts include all revenue in whatever form received or accrued, from whatever source. If there was a period with no sales, please enter 0.
Month Fiscal year 2019 Fiscal year 2020 Current yeato date: 2021
All fields on the monthly gross receipts table must be positive numbers with maximum 2 decimals.
WARNING: Any false statement or misrepresentation to SBA may result in criminal, civil or administrative sanctions including, but not limited to: 1) fines and imprisonment, or both, under 15 U.S.C. 645, 18 U.S.C. 1001, 18 U.S.C. 1014, 18 U.S.C. 1040, 18 U.S.C. 3571, and any other applicable laws; 2) treble damages and civil penalties under the False Claims Act, 31 U.S.C. 3729; 3) double damages and civil penalties under the Program Fraud Civil Remedies Act, 31 U.S.C. 3802; and 4) suspension and/or debarment from all Federal procurement and non-procurement transactions. Statutory fines may increase if amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015.
I hereby certify UNDER PENALTY OF PERJURY UNDER THE LAWS OF THE UNITED STATES that the above is true and correct.
NOTE: If your application meets threshold eligibility requirements for the Targeted EIDL Advance, you will receive an email requesting that you log in to the customer account portal to complete and sign a Request for Transcript of Tax Return (IRS Form 4506-T) for your business or organization. You must complete this task in order for your application to be considered. Submitting this form does not guarantee that your application will be approved.

PAGE FOUR:

COVID-19 Targeted EIDL Advance Application Submitted
Please use this SBA application number 36002XXXXX as a reference.
You will not receive an automatic email confirming this submission. Please print or write your application number down for your records.
Important note: Thank you for submitting your request for a COVID-19 Targeted EIDL Advance. If we are able to successfully process your request, your application will move forward to the next stage of processing and you will receive a follow up email notifying you of changes to your application status. If we are not able to approve your request, you will receive an email notification explaining the processing decision. If your request is approved, the total amount of the Targeted EIDL Advance is $10,000, less any previous Advance received. The combined amount of all Advance funds received cannot exceed $10,000.
submitted by ardentbloom to EIDL [link] [comments]

Jan/19/2021 news: __ Prominent arms supplier Mr. Davo, MOD, and Army officials charged with embezz. __ Public officials required to disclose transactions __ Tougher drivers' license law __ New settlement in Artsakh __ Drone engineering __ High tech++ __ POW & casualties __ Gambling bust __ more news

Your 12-minute Tuesday report in 2793 words.

NSS investigates corruption in MoD and Army / prominent arms supplier charged

Arms supplier Davit Galstyan, aka Mr. Davo, who acted as former Defense Minister Davit Tonoyan's adviser, has been reportedly charged as part of 4 felony investigations.
NSS said: several officials of the Ministry of Defense used their position to reach an agreement with the employees of a number of private companies, including "Moston Engineering" company owned by Mr. Davo. A decision has been made to involve Davo as a defendant. He has been charged with embezzlement.
Galstyan goes through 4 felony cases regarding arms supplies made by his company. Evidence was obtained showing that officials from the General Chief of Staff office and Ministry of Defense abused their powers to embezzle at a large scale.
https://www.civilnet.am/news/2021/01/19/Դավիթ-Գալստյանին-մեղադրանք-է-առաջադրվել-խոշոր-չափերով-յուրացման-համար-նա-անցնում-է-չորս-քրեական-գործերով/416572
Who is Mr. Davo?
His name began circulating in 2007 when Prime Minister Serj Sargsyan ordered the privatization of Defense-related companies "Neytron" and "Bagavan". Both were purchased by an offshore firm managed by Davo in Seychelles Island.
He used the companies to form a new company DG Arms which announced plans to produce bullets. In 2009 it accumulated debt and got sued.
The UN Security Council wrote a report, stating that Davo's DJ Arms illegally supplied arms to Libya, by using Armenia and other countries.
In 2011, Davo transported weapons from Albania to Libya with the help of a company managed by the Albanian Defense Ministry, says the UN Security Council.
In 2013, a Ukrainian company decided to sue Davo's company in Armenia for $1.3 million. Several of Davo's properties were frozen.
Fast forward to 2018. Pashinyan met Davo to discuss the production of Kalashnikov weapons in Armenia. Davo signed a contract with the Russian Kalashnikov company and opened the factory.
Full report in the article:
www.civilnet.am/news/2019/02/19/Ո՞վ-է-Հայաստանում-«Կալաշնիկով»-արտադրողը-Լիբիա-մատակարարած-զենքից-մինչև-վճարումներ-Պորոշենկոյի-ընկերությանը/354981

former president Robert Kocharyan & Co trial resumes

Context: Kocharyan (president) and his co-defendants Seyran Ohanyan (chief of general staff), Yuri Khachaturov (deputy MoD), and Armen Gevorgyan (Kocharyan assistant), were charged with toppling the constitution in 2008 by illegally using the military against civilian protesters during a period before the March 1st, 2008 emergency was declared. Kocharyan and his assistant are also charged with large-scale bribery in a case involving a mining businesswoman who testified about the multi-million-dollar bribe allegedly paid by her. The trial has been repeatedly delayed by defendants for almost 2 years under various pretense, at one point prompting prosecutors to ask the court to punish defendants for the delays. Prosecutors want to advance to the evidence stage.
The trial resumed today. The defense asked the judge to dismiss the general prosecutor from the case, citing concerns that "he is following orders". Prosecutors denied the claim.
The defendants began discussing the 44-day war during the trial. Prosecutors complained and described it out-of-topic. The two sides shouted at each other, prompting an intervention by the judge.
https://armenpress.am/arm/news/1040640.html , https://armenpress.am/arm/news/1040671.html , https://youtu.be/bQry4ljbgdA , https://factor.am/329591.html , https://factor.am/329597.html , https://factor.am/329607.html

Parliament votes: anti-corruption bill to make transactions transparent

Parliament voted 84-0-2 to approve a government bill to establish the Expenditure Declaration Institute. Single transactions over ֏2 million ($3,900) will need to be disclosed by public officials. If there are multiple smaller transactions instead, these transactions must be published if they exceed ֏3 million.
To fight against corruption in which a public official buys property as a gift for a friend but uses it for personal benefit, the official will be required to disclose the property that is legally owned by a friend but brings any kind of revenue to the official, or a property that was gifted but is being managed by the official.
https://armenpress.am/arm/news/1040597.html

Parliament votes: debtor, creditor, guarantor relations

Parliament voted 115-0-4 to approve a LHK bill. If a debtor fails to pay his debt, the guarantor who had earlier vouched for the debtor will bear subsidiary liability, but only after the claim is made against the debtor. The guarantor's property can be confiscated only after such an attempt is made against the debtor's property.
More: https://armenpress.am/arm/news/1040611.html

Parliament votes։ radioactive convention

Parliament voted 88-0 to ratify a CIS convention about improving communication between CIS member-states while transporting radioactive materials. It should improve safety by providing mutual assistance to detect safety issues, safer transport, info, etc.
https://armenpress.am/arm/news/1040596.html

Parliament votes: convention about children

Parliament voted 85-0 to ratify a child protection convention against child trafficking and pedophilia. "With the ratification of the Protocol, the Republic of Armenia is obligated to pay due attention to the views and recommendations of the Committee on the complaints of persons under its jurisdiction."
https://armenpress.am/arm/news/1040602.html

reforms: driver's license tests and exams

As part of recent reforms, the process of obtaining a driver's license will become harder. The written exams will be available in English, Russian, Farsi, and Arabic.
The exams will last 30 minutes instead of 15, with 20 questions instead of 10.
Moped will require a license.
A, A1, and B1 license requires a behind-the-wheel test in special racetracks.
B license requires a test on the streets.
All other licenses require both: on the streets and in racetracks.
A, B, BE licenses require medical approval if the applicant has certain impairments.
Certain commercial licenses require a medical test for everyone.
Foreign citizens must present a document proving their status as a legal resident.
https://armenpress.am/arm/news/1040661.html , https://youtu.be/MJWe0ad9lqc

post-reform stats: how many drivers received points and suspension?

The traffic enforcement law was changed recently. All drivers have 9 points that they can waste annually before being suspended. The most serious violations result in instant suspension. This was partly done so "rich" drivers wouldn't "get away" with paying only monetary penalties.
In 2020, some 2175 drivers got suspended for 6 months. 414,825 citations were issued to deduct points.
Traffic safety violations by year:
2018: 1.6 million
2019: 1.9 million
2020: 1.7 million
https://www.armtimes.com/hy/article/204606

update: Artsakh residents closed a Qarvachar road for Azeri vehicles

Context: two roads used to connect Artsakh to Armenia. The northern road was traveling through Qarvachar (Kelbajar), which is one of the 7 adjacent regions that is now under Azeri control. It used to connect Armenia's Vardenis to northern Artsakh. After the war, only Lachin road is available, so Artsakh's northern residents must travel long distances via Lachin to visit Armenia.
Yesterday, a group of residents from Artsakh's northern Drmbon village closed a road that travels through the village into the Qarvachar region. Azeris were using this Armenian road to connect to Qarvachar. In exchange for using the Armenian road in Drmbon, the residents want Azeris to unblock the northern Qarvachar road so Artsakh residents can once again have the second road to connect to Armenia's Vardenis.
Russian peacekeepers met the residents to hear their complaints. Residents said the closure of the 90km northern Qarvachar road forces them to travel 500km via Lachin. Russian peacekeepers said their job is only to provide peace and monitor infrastructure, and that such issues would need to be resolved at higher levels. The peacekeeper promised to do his part in resolving the issue.
https://armenpress.am/arm/news/1040627.html , https://youtu.be/UZVJyNsmEt0

POWs and diplomacy

Artsakh MFA Babayan sent letters to international institutes to pressure Azerbaijan to reveal information about POWs. He accused Azerbaijan of illegally holding captive 64 soldiers who were captured during skirmishes in the Hadrut region.
https://armenpress.am/arm/news/1040631.html
Arab human rights foundation Maat has urged Azerbaijan to return Armenian POWs. "The actions of the Azerbaijani authorities are a gross violation of international humanitarian law."
https://armenpress.am/arm/news/1040645.html
The human rights ombudsman met the German ambassador to discuss issues relating to POWs.
https://armenpress.am/arm/news/1040684.html
Parliamentary Defense Committee chairman: recently we met the families of POWs and missing soldiers to present the progress and hear their opinions. When the topic of POWs is publicly raised on certain platforms, it only harms the process of the speedy return of POWs. This issue has no immediate solution. (likely in response to some opposition MPs who left the Parliament floor yesterday after fiery speeches).
https://armenpress.am/arm/news/1040682.html

protesters block opposition BHK's entry to Syunik province

A group of demonstrators were against the BHK leadership's visit to Syunik. They also criticized the former regime PM candidate Vazgen Manukyan for calling Gyumri protesters "hobos" and accused him of "plundering Gyumri" in the past.
BHK leadership met the protesters and accused Pashinyan of violating the November 9th statement by pulling troops from Syunik borders, "which is a violation of one of the Statement paragraphs which states that troops can remain in their positions."
The residents accused the BHK MP of misrepresenting the Statement, saying that "the Armenian troops are being removed from the Artsakh-side of the border and not Syunik... You would have done the same thing if you were in Nikol's place."
https://youtu.be/GwEttPsYZ4I , https://factor.am/329542.html

explosion on Syunik borders

Two emergency crew workers received wounds after a bomb explosion in a bordering area near the south-eastern part of Syunik. The crews were searching for war casualties when the incident took place.
https://armenpress.am/arm/news/1040669.html

Syrian jihadist hired by Azerbaijan

Middle East reporter obtained information from one of the jihadists recruited by Azerbaijan. The Hamza Division fighter stated that the jihadists were more afraid of Azeri soldiers than Armenians, because of how badly they were treated by Azeris.
https://youtu.be/qDqwOXs8hVQ
https://twitter.com/LindseySnell/status/1351266461482967040?ref_src=twsrc%5Etfw , https://factor.am/329560.html

search operations

Search crews found the bodies of 7 soldiers and 1 civilian in the Hadrut, Jabrayil, and Davit Bek regions. The Hadrut civilian was identified by relatives. The identities of others are being checked by medical teams.
https://armenpress.am/arm/news/1040613.html

jobs for Artsakh refugees living in Armenia

Labor Ministry: we'll help Artsakh residents to find jobs. There are two programs that teach skills and help find work. 660 people have already applied. We consulted with businesses to find available positions.
The applicant will be paid ֏100,000/month to receive skills. We will pay the business ֏34,000/mo to teach the skills.
The second program will help refugees to find community work and get paid ֏8,000/day.
https://armenpress.am/arm/news/1040656.html

Artsakh refugees continue to repatriate

175 returned to Artsakh today, bringing the total via the Lachin corridor to 50,002.
https://armenpress.am/arm/news/1040608.html

new settlements will be built in Artsakh with local materials

Most of the masonry produced in the Martakert mine will be used for building a new settlement in Artsakh. The government and "Future Generation Foundation" are still discussing the location and design of the new settlement. The work will begin this Spring. The new mine near Martakert will replace two others that went under Azeri control during the war.
https://armenpress.am/arm/news/1040642.html

Lachin school returns to daily life

Lachin corridor has several Armenian villages that remain under Armenian control. The school in Aghavno village has resumed its operations after renovating the damaged building. The attendance is twice lower than in pre-war time but the numbers grow as more families return.
https://armenpress.am/arm/news/1040647.html

Pashinyan met the new Healthcare Ministry officials

Pashinyan: It should be noted that during now-former Minister Torosyan's tenure, the Healthcare Ministry was one of our most effective departments. Since 2018, large-scale people-oriented reforms have been implemented. The goal was to expand the quality and scope of the health services.
There was a time when we were criticized for the handling of COVID. Critics would show other countries and say "Here is how to fight the coronavirus." But we are confident that we have taken the balanced road. Our approach was justified in reality. (he is saying that some countries initially had lower infections numbers but eventually "caught up", despite causing more harm to their economies with stricter closures in the initial period)
Our next challenge was the war. We currently have a problem with identifying the bodies. Despite the complications, the work has recently gained a very acceptable pace.
Our new Healthcare Minister is Anahit Avanesyan, who was the Deputy Minister and was part of Torosyan's team. Her appointment is a result of our trust in them. I wish her good luck. I hope that the pace of reforms in the healthcare sector will increase.
https://armenpress.am/arm/news/1040635.html

COVID stats

+2224 tested. +236 infected. +436 healed. +9 deaths. 7671 active.
https://armenpress.am/arm/news/1040614.html

COVID vs industrial production in EAEU

Armenia saw the smallest decline in the EAEU trade bloc when it comes to industrial production. It stood at $3.766 billion after a -0.2% decline.
EAEU -2.8%. Russia -3%. Belarus -0.7%. Kazakh -0.8%. Kyrgyz -5.5%.
https://armenpress.am/arm/news/1040581.html

massive illegal gambling network busted

Police said: Poker gambling was organized in a Yerevan building without a license. Dealers were hired. Drugs were circulated. The organizer was making ֏600K/day by receiving 4% of the winning amount. 10 people were detained. ֏5.5 billion in total damages and unpaid fees.
https://armenpress.am/arm/news/1040695.html , https://youtu.be/Z5GZnivFKqQ

hikers trapped on snowy mountains

A group of hikers got stuck on a mountain near Dzoraglukh, Aragatsotn, and couldn't climb down. Emergency crews were sent to hospitalize them.
https://factor.am/329755.html

Ministry addresses concerns about grain harvest / Subsidy for high-yield wheat seed

"Armenia is self-sufficient in a number of crops. The gap is filled with imports. The supply of grain has not stopped even in the most difficult conditions of the epidemic and the war," said Economy Ministry in response to concerns that Armenia could face "hunger".
"The concerns about hunger was raised back in March 2020 when it was claimed that Armenia, just as other countries facing pandemic-related difficulties, could face hunger by November. At the time, we assessed the situation, and the EAEU bloc not only met the demand but produced 46 million tons in excess and decided to export it to non-member states. The EAEU ensures its members have supplies before exporting."
"We're constantly in touch with food importers and storage operators to monitor the supplies. We haven't recorded deficiencies."
"Armenia is self-sufficient in fruits, vegetables, eggs, goat and lamb meat, somewhat beef. We import poultry, wheat, legumes."
"25% of Armenia's demand was met by imports from Artsakh. The 2019 harvest was mostly collected in 2020 and brought to Armenia just before the war. There is a subsidy program that distributes free seeds and fuel to Artsakh farmers."
"In the Autumn of 2020, we launched a program to help farmers in Armenia. The purchase of high-quality wheat seeds is being subsidized by the government. 5,000 tons of seed will be planted in 20,000 hectares. On average, the wheat yield is 1.8 tons. We plan to increase it to 3 tons."
https://armenpress.am/arm/news/1040580.html

meeting between Pashinyan and Dutch ambassador

They spoke about high tech and possible investments from the Netherlands. The ambassador will inform Dutch business circles about opportunities. The two spoke about the proposed unblocking of trade routes in the region.
https://armenpress.am/arm/news/1040696.html

high-tech industry

High Tech Minister Arshakyan held a meeting to present Armenian tech companies that won as part of the "Virtual Bridge" initiative, which was organized by the Draper University, AGBU, and the Ministry.
"Each of these companies has the opportunity to attract large investments and conquer markets in Armenia and abroad. On January 28, they will have the opportunity to present their programs to international investors."
"The ministry will soon announce new business grant programs."
https://armenpress.am/arm/news/1040598.html

drone production in Armenia: ArMath in the air

ArMath is a high-tech program that teaches robotics and engineering to students across Armenia. They launched a new "ArMath in the skies" program to teach students "drone production and love towards high tech."
All 65 cities in Armenia and Artsakh will have a workshop. Anyone between the ages of 15-18 can join. The project will cost ֏422 million.
Each workshop will operate for a year and build 7 drones. 750 students will be trained annually. "The army will receive 2,500 trained personnel within 2 years."
https://armenpress.am/arm/news/1040664.html

Armenian tech company Redforest

... has released a new visual-graphics feature for its 10 million users. Within minutes, the users can produce clips, logos, websites, mock-ups, etc. for social media consumption. It's an "all-in-one platform".
https://armenpress.am/arm/news/1040620.html
https://www.renderforest.com/

today in history

1910: famous Armenian writer Hrachya Kochar was born.
2007: Armenian-Turkish journalist and activist Hrant Dink was killed in Turkey for being Armenian and supporting the recognition of the Armenian genocide.
https://armenpress.am/arm/news/1040575.html

Kond is looking for architects

Kond is an old district in Yerevan with dozens of cultural-historical monuments. The government wants to "turn it into a tourist spot, revive and develop it", so they launched an auction to find the best sketch-design for development.
Briefly about the planned work:
1) Arranging access and attractiveness of all entrances to the district
2) Development of a system for easier communication within the district
3) Specialized cafes (artists, architects, etc.) open and closed, Visitor Information Center.
4) Open public areas with relevant themes.
5) Disability access.
6) No cars.
(more details in links)
https://armenpress.am/arm/news/1040600.html , https://www.armtimes.com/hy/article/204696

donations to Artsakh & recovering soldiers

www.1000plus.am (recovering soldiers & their families)
www.HimnaDram.org (for Artsakh & Armenia)
www.ArmeniaFund.org (U.S. tax-deductible)

news archive

http://www.armeniapedia.org/wiki/Daily_Anti-Corruption_Reports

disclaimer

All the accused are considered innocent unless proven guilty in the court of law, even if they "sound" or "appear" guilty.
submitted by ar_david_hh to armenia [link] [comments]

DD for SCR/TSCRF

I'm not seeing a huge amount of knowledge on this subreddit, so I'm going to list some of the reasons why I'm hoping for some decent price increases..
If you find anything juicy that I've missed feel free to leave a top level comment or even message me and I'll add it. Perhaps we should keep updating this post and sticky it as a goto DD for SCTSCRF?
  1. Score have the most popular sports app in Canada and second most popular in the US behind ESPN, this puts them in a somewhat unique position to integrate sports betting in to a popular sports app (though note FUBO just announced purchasing Vigotry with their intention to integrate sports betting in to their sports streaming service, they closed up 34.32% today on the news and likely caused the dips in the share prices for SCR and DKNG, even PENN's share price seemed to waiver around midday);
  2. Score already have sports betting live in Colorado, Indiana and New Jersey;
  3. Score recently did a share offering and raised $25,649,390 which can be used for growth and expansion of sports betting in the US - check out their careers page and click on available opportunities;
  4. Score have a multiyear partnership with the NBA and the MLB to be an authorized sports betting operator, including access to official betting data and league marks/logos for the betting app;
  5. Score have a strategic multi-state market access partnership with PENN, PENN have access to 11 states, further PENN have a 4.7% stake in Score with the potential for this stake to increase as additional market access fees become payable (the second link, which is from PENN, says the term of the agreement with PENN is 20 years, even DKNG only has a deal for 10 years subject to a 10 year extension);
  6. Score have a 10 year partnership with Twin River to operate an online casino in New Jersey, extendable by 5 years at TheScore's option and a further 5 years upon mutual agreement;
  7. In Dec 2020 Score was named the most impressive emerging company in sports betting. They are also in Canada's fastest 500 growing companies, Canada's top growing companies 2019 and a 2020 TSX venture 50 company;
  8. Let's look at some user numbers. As expected they were down a bit during 2020 due to covid, but that is about to change across the industry with sports opening up properly and sports betting being legalised in many US states and hopefully Canada to help raise tax funds for covid expenses (never will sports betting have been more socially acceptable, almost encouraged!). They achieved 3 million active monthly users (4.3 million in q1 2019, should see this or higher again once sports start up properly - 62% of those users were in the US, 27% in Canada and the remaining 11% in other international markets). Users had an average of 70 sessions per month (75 the year prior), so 3*70 = 210 million users per month. 292 million video views for esports in just Q4 alone, year-over-year growth of 243%! Their esports tiktok account has over 1 million followers while their sports tiktok account has almost 2.5 million (up over 500k in the last quarter). Over 1.5 million youtube subscribers for their esports channel. Their twitter account has ~600k followers, almost double what DKNG have! Their social sports content across Twitter, FB, Instagram and TikTok achieved an average monthly reach of about 103 million;
  9. Score appointed sports business leader and four-time Olympian Angela Ruggiero to its board of directors - she's a hockey player, got a medal at each of the Olympics she went to including a gold;
  10. Score already cover women's sports, doing this without having to follow the competitors or have it requested by women shows a genuine interest in supporting women's sports. Hopefully this will extend to allowing sports betting on women's sports;
  11. Score esports has been named exclusive English language broadcast partner for League of Legends' Demacia Championship, a marquee annual event featuring 24 of China’s top esports teams. Live event coverage will run from December 20-27 and be streamed across theScore esports’ YouTube and Twitch channels. The Demacia Championship will be theScore esports’ first-ever live event broadcast, with production originating from their esports headquarters in Toronto.
  12. In 2019 Score partnered with Ubisoft for unique video content series;
  13. In 2014 Score was named one of the world's greatest apps (and in 2013 was named one of the 100 best Android apps of 2013);
  14. Score has joined the National Council on Problem Gambling as a Platinum member - this bodes well for support of Score from politicians and people normally critical of sports betting who are mostly onside at the moment through the need of raising tax money for covid related costs.
Future catalysts I'm hoping for:
  1. There's a live webcast to report q1 f2021 financial results Jan 13 at 5:30pm EST (details here). Hopefully good news so we 🚀 rather than ☄️ short-term, but I'm still bullish long-term regardless because sports have not really started up properly yet, nor has sports betting opened up in many places yet. With a bit of luck the income from the share offering will be included in the revenue for this quarter which might help;
  2. If we ever get uplisted to NASDAQ/NYSE and get out of the penny stocks then I would be surprised if it doesn't get pumped in numerous places including WSB;
  3. Legalisation of sports betting across more US states and Canada. The governor of NY has now expressed interest after previously being opposed to the idea, so too has Texas for example. Score do not yet have a partnership with a NY casino, but hopefully they will get on to that, they do have access to Texas through PENN;
  4. Partnerships with NFL and NHL would be awesome to go along with the NBA and MLB partnerships;
  5. Successfully competing with the big players like DKNG (and now FUBO too), hopefully with juicy earnings reports in to the future (if we do, look at the performance and current prices of DKNG and PENN, I'd be extremely happy if we ever made it to CAD$20/share, if we got to DKNG's current USD price we'll be in tendie heaven);
  6. Huge uptake in sports betting with a rally of public support to help cover the public costs associated with Covid;
  7. Maybe esports betting could become a huge thing? TheScore seem like they're in a good position to earn a decent market share there, possibly even be the ones to introduce it and bring it to market?
tl;dr: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 (hopefully at least 10x)
If you would prefer an ETF to have exposure to the betting market check out BETZ.
position: 42.8k shares
submitted by qu83rt to ScoreMediaAndGaming [link] [comments]

Jan/12/2021 news: __ Gas prices could rise: ֏ vs $ __ Jailed for taking Azeri bribe __ How much will AM-AZ railway cost? __ COVID strain, vaccine, stats __ POW & borders __ Childbirth subsidy __ Seismic resistance __ IRS to monitor casinos __ Environmentalists to have voice __ Yezidi theater __ more

Your 11-minute Tuesday report in 2562 words.

gas prices could rise due to currency fluctuations

Russian gas price (at the border) had increased from $150 to $165 per 1000m3 in 2019. Although the Russian currency Ruble was devaluing against the Dollar, Armenia was/is paying for gas with Dollars.
Since 2019, the Pashinyan administration has been trying to convince Russia to implement a different gas payment mechanism within the EAEU trade bloc. Making payments in Rubles instead of Dollars was one of the priorities:
"We are constantly talking about high dollarization within the EAEU, but we still pay for Russian gas in dollars. Our proposal was that it would be more correct if we paid for gas in rubles, because I think it is more logical, also within the EAEU," said Pashinyan in early 2020.
This idea was also shared by Vladimir Putin's personal adviser back in October 2018. It appears the EAEU has been working towards this goal lately.
But meanwhile, Armenia has to pay for Russian gas in Dollars. With Armenian Dram devaluing against the Dollar, the pricing for consumers will likely be revised. Consumers pay 139 Drams per cubic meter. This was calculated in 2020 when $1 was 480 Drams. Today $1 = 520 Drams.
Large consumers pay in Dollars and have their rates adjusted periodically, while small consumers (general public) pays in Drams.
Armenia imports 2.2 billion m3 gas from Russia annually, at the price of $165 per 1000m3. 0.7 billion of it is consumed by the general public.
Dram was devalued by 6.6% since November. This could prompt the internal gas company to raise the prices, including for the general public.
https://armenpress.am/arm/news/1039886.html
http://www.armbanks.am/en/2020/04/07/128024/
https://neftegaz.ru/en/news/energy/406887-armenia-should-pay-for-russian-gas-in-rubles/

Public Council meets drone and robotics industry

The Public Council (linked to PM's office) held a meeting with engineers from the drone, robotics, AI, and nano-tech industries. They discussed ways to help the state to develop the military-industrial complex, drone production, aviation, and to bring their quality to international standards.
https://factor.am/327477.html

former PACE MP sentenced to 4 years for taking bribes from Azerbaijan

An Italian court has concluded that Italian PACE representative Luca Volonte, who is the former head of the European People's Party, took €2.4 million in bribes from the Aliyev regime in 2012-2013.
The bribe was handed over by Azerbaijan's PACE delegation leader Suleymanov. The scheme was coordinated by an Azeri lobbying firm based in Brussels. In return, the MP gave Azerbaijan favors during PACE and Italian Parliament sessions.
https://armenpress.am/arm/news/1039927.html
Tags: #caviar

POWs and searches

The search crews in Artsakh discovered bodies of 10 soldiers and 1 civilian in Jabrayil, Hadrut, and Sgnakh regions. The civilian has already been identified by his relatives. The cause of death is being investigated.
Many bodies under the possession of the Armenian side are yet to be identified, while more bodies will likely be found during daily searches for the foreseeable future. Overall, 575 calls have been made by families who are looking for missing relatives, says the Russian humanitarian envoy in Artsakh.
https://armenpress.am/arm/news/1039900.html , https://www.panarmenian.net/arm/news/289293/
Human Rights Ombudsman Tatoyan once again criticized Azerbaijan for intentionally politicizing and delaying the POW swap mission. "It is against international laws to file felony cases and arrest POWs because that's a form of a prohibited punishment. Azerbaijan is also hiding the true number of POWs."
The Ombudsman has noted that Armenian residents in Tegh, Vorotan, and several other bordering villages have lost access to 2500 hectares of farming lands due to border changes. (some lands that were internationally recognized as part of Azerbaijan were given to Azerbaijan after the war).
https://armenpress.am/arm/news/1039933.html , https://factor.am/327226.html , https://www.armtimes.com/hy/article/204175

POW discussions: general prosecutor meets Azeri counterpart

Chief prosecutor Arthur Davtyan and his Azeri counterpart were invited to Russia. The three sides held a conversation about the establishment of future contacts in the field of international law and other related topics. Prosecutor Davtyan mentioned the importance of implementing the November 9th statement about the return of POWs, "which will serve as an assurance for implementation of other [trade unblocking] issues."
https://armenpress.am/arm/news/1039953.html , https://armenpress.am/arm/news/1039972.html

how much will a new railway network cost?

Azeri economists believe it will cost around $430 million to build a railway network connecting Kars(TR)-Nakhijevan(AZ)-Meghri(AM)-Zangelan(AZ)-Baku(AZ). Overall, if you add Gyumri between Kars and Nakhijevan, it could cost about $434 million.
Economists believe Armenia can use this network to connect with Russia via two directions: Gyumri-Nakhijevan-Meghri-Baku (southern trip), or Ijevan-Ghazakh-Baku (northern trip).
https://www.panarmenian.net/arm/news/289313/

rumors & rebuttals: traitors are not selling Azeri juice in Armenia

Telegram channel Mediaport circulated rumors that "Azeri Sandora juice is being sold in Armenia". The misinformation was picked up by several outlets and caused confusion among the buyers.
Fact-checkers contacted Sandora's local importer who said the producer is a Ukrainian company that sells its product in multiple post-Soviet republics, so they have one unified tag that contains information both in Armenian and Azeri languages.
https://fip.am/14469

4 Dutch MPs receive medals for friendship

Among them is ethnic Kurdish MP Sadet Karabulutu, who publicly criticized the Turkish-Azeri aggression during the war.
https://www.armtimes.com/hy/article/204216

food prices in Artsakh

Pricing for 43 commonly-consumed items was examined by the consumer protection agency in Artsakh. 12 became more expensive, 5 cheaper, 26 remained the same.
Onion +25%, cottege cheese +6%, milk +6%, gloves +5%, ..., pear -12%, rice -1%, eggs -1%, butter -1%.
Several dairy product prices went up, and since Artsakh has dairy companies that own dominant market share, the consumer agency will launch an investigation to see if there was price-fixing.
https://armenpress.am/arm/news/1039946.html

seismic resistance assessment for old buildings

A significant portion of Armenia's large apartment complex buildings were built half a century ago. They may not be seismically safe, considering Armenia's geolocation. After the 1988 earthquake, some buildings remain populated despite being deemed highly unsafe. Many other buildings have safety irregularities.
It is necessary to assess the situation, so the Urban Development Committee has drafted a bill "Methodology for assessing the priority of increasing the seismic resistance of buildings and structures".
https://armenpress.am/arm/news/1039887.html

IRS will closely monitor gambling industry / RFID chips & servers

IRS press release: gambling facilities and online betting services will be more closely monitored. We worked with international experts to digitize the gambling industry and bring it on par with international standards.
All gambling machines and platforms operating in Armenia will be connected to one server which will be connected to a monitoring Center. All betting and winning transactions will be recorded.
The Center will also install RFID microchips in casinos to monitor the movement of chips, the chips purchased or won by players, in real-time.
The government's Digital Council has approved the bill, which is yet to be discussed and voted in the Parliament. The goal is to be able to monitor the financial flows in this sector and to estimate the actual revenues. It will combat money laundering. (BHK skipping a Parliament session due to "COVID" in 3, 2, 1, ... /joke)
https://armenpress.am/arm/news/1039915.html

new "public council" will advise Nature Ministry

Nature Minister Romanos met several environmental organizations and environmentalists and discussed the creation of a new Council, which will advise him on nature protection issues, help draft bills and roadmaps, work with other environmental organizations and NGOs. The Council is accepting applications.
https://armenpress.am/arm/news/1039896.html

large quantities of illegally-cut trees were busted

... by Ijevan policemen during a routine patrol on Sunday. Three cargo trucks were filled with wood.
https://armenpress.am/arm/news/1039960.html

rammed through the gates

The police have arrested the father of a missing soldier who used his Vaz 21 vehicle to ram through the Defense Ministry's entrance gate before smashing it into a building on Sunday.
https://armenpress.am/arm/news/1039957.html , https://www.panarmenian.net/arm/news/289315/

"turn off the camera"

Context: An incident happened last week between parents of drafted soldiers and military officials at a military unit. The parents wanted assurances that their sons would be safe after being deployed on Artsakh borders. The parents wanted to know why Armenian soldiers are still being sent to Artsakh "despite the November 9th statement saying Armenians should withdraw from Artsakh."
During the confrontation, an incident happened between a military official and a journalist. The official struck the camera and instructed it to be turned off. Several media outlets released a message condemning the officer for hindering the journalist's work.
https://armenpress.am/arm/news/1039973.html

infrastructure upgrades

Four settlements in Kotayk province (Yeghvard, Nor Gegh, Aragel, Zovuni) have a newly renovated irrigation pipeline as part of a govt subsidy program.
https://www.armtimes.com/hy/article/204202

today in history

1932: First Yerevan tramway began operating in Yerevan
1951: The UN Convention on the Prevention and Punishment of the Crime of Genocide was implemented.
https://armenpress.am/arm/news/1039885.html

get your free colonoscopy today

The National Center for Oncology has purchased the latest generation tools and will perform a free and enjoyable colonoscopy for residents over the age of 45, for the next 6 months.
The goal is to detect suspicious growths at an early stage. It's the third most common cancer among adults in the world. It has become more common in Armenia in the past decade. When detected early, it can be fully treated.
https://armenpress.am/arm/news/1039911.html

COVID stats

+1885 tested. +355 infected. +729 healed. +5 deaths. 8393 active.
The death rate has been 1.8%. The infection reproduction rate was 0.84 in the past two weeks, down from 1.43.
https://armenpress.am/arm/news/1039906.html , https://armenpress.am/arm/news/1039943.html

COVID numbers have declined, so what do we do?

... we lift some of the restrictions!
"Aye, aye, Captain!"
"I can't hear you!"
"The rule that limits attendance to non-commercial gatherings to no more than 60 people has been removed. All other safety requirements remain in place," said a Healthcare official. "You can enter Armenia via air or land by presenting negative COVID test results that were taken within the past 3 days. If you don't, you will be tested at the airport and will need to self-isolate until the results arrive."
https://armenpress.am/arm/news/1039931.html

Armenia will soon import COVID vaccines

Healthcare Ministry: we are negotiating with multiple entities. The first batch of vaccines will arrive between late-January and mid-February. We are negotiating with producers whose vaccines have passed the necessary tests: Sputnik V, Pfizer, Moderna, and AstraZeneca. In the first phase, the vaccines will be given to the most vulnerable 10% of the population.
https://armenpress.am/arm/news/1039921.html

Sputnik V vaccine has already been tested in Armenia

Healthcare Ministry: no complications were reported by the 15 patients, including Minister Torosyan. The often-discussed "skin redness" in the injection area has not been observed, either.
The first injection gave a 91.4% efficiency. The second increased it to 94%. Even if the vaccine doesn't fully prevent the infection, it can save the patient's life by making the case mild (is that right??).
https://armenpress.am/arm/news/1039925.html

the new COVID strain: good news, bad news

Doctor Davit Melik-Nubaryan: the version of COVID that mutated in the UK will eventually reach Armenia. Preliminary data shows that those who have already been infected and gained immunity from the original COVID will be immune to this new strain. It is believed that the immunity will last 6-12 months for the majority.
The good news is that the new strain isn't more deadly and doesn't result in heavier cases. The bad news is that it spreads a lot faster. The Healthcare system could be overloaded again.
The vaccines against the original strain will likely work against the new one. Pharmaceutical companies may have to modify the vaccines, but it will only take weeks.
Closing borders with the UK won't be helpful to prevent it. We may already have the new strain. We need to develop a new strategy from the ground up.
Viruses mutate all the time. It's part of the evolution. Sometimes they cause more severe symptoms, sometimes lesser. From the evolutionary and survival standpoint, viruses want to cause less severe symptoms for the host so they can have a chance to spread wider.
https://armenpress.am/arm/news/1039856.html

Armenian scientists will study the COVID strain

CDC chief Bakunts: Armenia will have the ability to study the genetic mutations of the coronavirus. Active work is underway to invest in research resources. Meanwhile, we can submit a virus sample to a WHO laboratory to conduct a study for us.
https://armenpress.am/arm/news/1039962.html

families with newborn children receive mortgage subsidy

450 families have so far taken advantage of a government subsidy program that helps with purchasing apartments. ֏526 million will be paid as part of this 2020-2023 program. It is part of a recent initiative to boost the birthrate.
Two other aid programs went into effect in mid-2020. Provincial families received a downpayment subsidy equalling 5% of the total price. Another one subsidizes insurance payments.
The same family can apply for all three programs, and there is no age limit for parents.
https://factor.am/327385.html

diaspora-government cooperation expands: iGorts

iGorts is a program that recently recruited 48 highly skilled diasporan Armenians to visit Armenia and work at 19 various government agencies. Three more volunteers have arrived today to begin their work: Shila Palyan from Canada, Zaven Ayvazyan from Russia, and Anahit Mikaelyan from Cyprus.
https://www.armtimes.com/hy/article/204211

Yerevan to install 32 more elevators in apartment complexes

Arabkir district is the next recipient. Hundreds of units were installed in 2020. They replace the decades-old elevators that have become dangerous and poopy. The new elevators come equipped with running water and flush so you can drain your crap /s.
https://armenpress.am/arm/news/1039954.html

have you been buying stuff right and left lately?

...because trade turnover increased by +34%, and the number of printed receipts by +7%, during this year's New Year's holidays.
֏91 billion was spent between December 29-31, which is ֏23 billion more.
https://www.armtimes.com/hy/article/204195

would your majesty be pleased to take a salt bath?

Nerqin Getashen will have a halotherapy "salt bath" center to help alleviate certain conditions. It's the first in Gegharquniq province. There will also be rooms for aromatherapy (oils), ogyxenotherapy (oxygen cocktails), and massage.
The owner claims it helps boost immunity and alleviates breathing, allergy, and insomnia issues (take the claim with a bath of salt).
https://armenpress.am/arm/news/1039974.html

first Yezidi theater to open in Armenia

"шəp' y əBин" or "war and love" will be the first performance in a newly opened Yezidi theater in Ejmiatsin. It's part of a «Եզդիների կողքին» cultural initiative. The crew had planned a major performance about Yezidi national legend but the 44-day war began and some were drafted.
The crew ended up performing the "шəp' y əBин" during the war. It's about the importance of Yezidis in Armenia, and their love for the country. The January 17th performance will be dedicated to Yezidis who died fighting.
The performers aren't professional actors but they received acting training on-the-fly. "It seems to work because their enthusiasm is great. A very good team has been formed," said the producer.
https://armenpress.am/arm/news/1039941.html

Aram Khachaturian House-Museum will resume "Musical Thursdays"

This year's first classical concert is dedicated to Ruben Babayan, "the BFF of Armenian musicians."
https://armenpress.am/arm/news/1039916.html

Netherlands college will donate large quantities of school supplies

Several thousands of desks, chairs, furniture pieces, computers, lockers, etc. are being loaded in containers to be shipped to Armenia.
The Hermann Wesselink college is renovating its building with new items so they decided to donate the old stuff to Armenian kids. This will be enough to equip 15 provincial schools.
https://factor.am/327135.html

donations to Artsakh & recovering soldiers

www.1000plus.am (recovering soldiers & their families)
www.HimnaDram.org (for Artsakh & Armenia)
www.ArmeniaFund.org (U.S. tax-deductible)

archive of older posts

Armeniapedia's archive of my daily news threads:
http://www.armeniapedia.org/wiki/Daily_Anti-Corruption_Reports

disclaimer

All the accused are considered innocent unless proven guilty in the court of law, even if they "sound" or "appear" guilty.
submitted by ar_david_hh to armenia [link] [comments]

gambling tax revenue by state video

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pansions, gambling revenue plays a small role in state budgets, ranging between 2.0 and 2.5 percent of state own-source general revenues in the typical state. Only a few states, including Nevada, Rhode Island, and West Virginia, have much higher reliance on gambling revenue. State and local government gambling revenues have softened This state makes the most tax revenue from sports betting — and it’s not Nevada Published: Nov. 23, 2019 at 12:29 p.m. ET This statistic shows the national tax revenue from commercial casinos in the United States in 2019, by state. Gambling taxation represents a significant share of State Governments’ own-tax revenue. In 2002-03, State governments collected nearly $4 billion in revenue from gambling, representing 11 per cent of State taxation revenue (ABS 2004a)1and 0.55 per cent of GDP. Licensed lawful gambling organizations pay gambling taxes and/or fees on non-linked bingo, raffles, paddletickets, electronic-linked bingo, tipboards, sports-themed tipboards, and electronic and paper pull-tabs. (See Minnesota Statutes, Chapter 297E.) The lawful gambling industry includes manufacturers of games and gaming equipment, distributors who sell games and gaming equipment, and The state’s nine land-based casinos generated $1.5 billion in total gambling revenue, down 44% from the prior year. Against that backdrop, online wagering was a lifeline. State lotteries’ scratch-card tickets generate the most tax revenue. Meanwhile, online and mobile casino gambling and poker betting has grown in popularity. While many Internet gaming sites are unregulated, legal online/mobile gambling exists in 4 states and is expected to be legalized in other US states in the coming years. In Australia, a hefty amount of each state’s tax revenue is sourced from resident gamblers’ windfalls — with a total tax take by the states of around $5 billion annually. Victoria has the highest tax dependence on gambling, at 13%, and Western Australia has the lowest, at 4%, according to a report on gambling by the Productivity Commission. This statistic shows the gross gaming revenue of casinos in the United States, by state, in 2019. The debate continues about whether gambling really provides states with substantial revenue. But one thing is settled. Regardless of how much, or little, money wagering brings into state coffers, it's here to stay. And Super Bowl Sunday is one reason more states are allowing sports betting within their borders, an option hey were given thank to the 2018 Supreme Court decision.

gambling tax revenue by state top

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U.S. Supreme Court rules to legalize sports betting - YouTube

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gambling tax revenue by state

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