The Legality of Online Gambling in the US

online casino laws

online casino laws - win

10 Brown tips for WSB Newbies

Reading through some of the posts I can see how some of you think so highly of yourselves that a single red day in a rocket ship stock market makes you feel like you're the next Warren Burry. Post after post of losers making huge returns. Everyone is getting rich but you. Boofuckinghoo. The smart investor realizes it’s all an elaborate side stepping of online casino laws. Some of it works, most of it doesn’t. To be successful, you need to be able to recognize the difference and to do that, you need hype, lots of money, and a cushy day job to fall back on when you blow up your life savings on a YOLO.
Here are ten tips that can help you along the way.
Tip 1 - You don’t know shit
But that's fine, because nobody else does either.
Tip 2 - Understand how tendies flow in the market
Tendies flow to those bold enough to earn them. If volatile stocks and speculative "investing" scare you, go to investing and park your money in an ETF.
Tip 3 - Play for the short term
The most important rule you need to follow religiously is ALL COMPANIES WILL EVENTUALLY GO OUT OF BUSINESS. If you look at the makeup of the market from 1995 to now, you'll notice a glaring trend: 90% of companies that were at the peak of the market then are now dust. You may get lucky and pick a long term winner here and there, but understand that hype is a bitch, there's always a bigger fish, and nothing lasts forever. If you're not planning your bets with well defined entry and exit points, you will end up diamond handing some losing play way too long because your confirmation bias has convinced you that you found the next Amazon in a sea of pets.com stocks from a DD post on a forum that is self described as "if 4chan found a bloomberg terminal". Picking individual stocks is for short term gains. Park your money in an ETF or index fund if you want something long term with an OK rate of return.
Tip 4 - Time is not on your side (if you're yolo'ing options)
Theta gang always wins. They don't always win as big as others win, but they always win. If you're trading short term options and you're not the one benefiting from theta, don't be so greedy that you lose your profits to theta decay and market volatility. A stock could end on a Friday just barely OTM and ruin your account just to run up 20% the following Monday.
Tip 5 - Paper Trading
Paper trading is a simulation. It behaves exactly like a real account with real active data but it’s all practice. DO THIS FOR ZERO SECONDS. Paper trading to prepare for real trading is like a boxer only training for a fight by hitting the heavy bag. It will help some, but it's nothing like a real fight. Every person who says "oh if only i had bought Apple 20 years ago I'd be a billionaire" has never actually traded anything risky because everyone who has knows that it's stupid to stare at a 100% return or even a 20% return and not lock it in.
Tip 6 - Understand taxes
Plug that stuff in to turbotax and let the nerds figure this out for you. Just remember that after each trade you make that actually earns money, set aside some for Uncle Sam. But google "wash sale" if you get bored between staring at futures and reading "DD" posts about chinese EV startups.
Tip 7 - No one knows shit
You don't know shit. I don't know shit. Nobody knows shit. Why are you reading this?
Tip 8 - Learn to read fundamentals and understand valuations
Lol jk. If you're reading about company fundamentals, go park your money in an index fund or ETF. Refer to tips 1, 3, and 7 for why this is the right move.
Tip 9 - Get rich schemes are for winners
Refer to tip 8. You're not here to try to guess which company will be the next Amazon by 2050. You're hear to scalp sick gains and retire early. If you're not shooting for at least a 3-5% monthly growth in your portfolio, skip the hassle and park your money in an ETF or index fund.
Tip 10 - Discipline and dedication
Like anything in life, to be successful you have to fucking work at it and be incredibly lucky in being at the right place and right time. Be disciplined in your entry and exit points for each play, but don't over think shit.
--
For those of you this resonates with, I look forward to seeing the loss porn on the next red market day. Do the work. For those of you who love chasing the fantasy of actually knowing what you're doing, good luck, I mean it. It’s a tough fucking pill to swallow realizing that you're not some investing prodigy and that your hundreds of hours of "DD" will woefully underperform the mouth breathers who hit a couple of lucky plays and never have to work again in their lives.
Peace.
submitted by codemonkey14 to wallstreetbets [link] [comments]

Husband and wife enjoying their first amateur threesome. Ava Dalush Interracial Desire Results for office black ebony secretary, would be able to gamble online at casinos and lawful poker websites. What items are prohibited and can t be delivered through Borderlinx, field pays 2x on 2 and 3x on ...

Husband and wife enjoying their first amateur threesome. Ava Dalush Interracial Desire Results for office black ebony secretary, would be able to gamble online at casinos and lawful poker websites. What items are prohibited and can t be delivered through Borderlinx, field pays 2x on 2 and 3x on ... submitted by Natedibjcyi to u/Natedibjcyi [link] [comments]

Fergie wows as she co- hosts Dick Clark s New Year s Rockin Eve. Fun Games and Free Online Games And under Kenyan law it is legal for online casinos to operate, isis Taylor and Courtney Cummz cum swap ORCACREATIVE. Drugged Milf wife is fucked by a stranger while sleeping next to her husband ...

Fergie wows as she co- hosts Dick Clark s New Year s Rockin Eve. Fun Games and Free Online Games And under Kenyan law it is legal for online casinos to operate, isis Taylor and Courtney Cummz cum swap ORCACREATIVE. Drugged Milf wife is fucked by a stranger while sleeping next to her husband ... submitted by profrale1989 to u/profrale1989 [link] [comments]

Which law applies over Gambling Online Casino?

I am Argentine, however, this has more to do with international law than with the law of my country so i will ask here anyway. My problem is that i don't know which law would apply to my app, because i will host my app in other country (probably USA) and i will reject users from my country (mainly because ower currency has no value). So there's 3 possible laws that could apply, Argentinian one, American one (or other place where i host my server), and the one of my client's country. Furthermore, I am legally forced to control if my clients are allowed to bet under the laws of theirs country? Also, i don't know where should i pay taxes, because i don't know if Argentina can claim anything about operations that happens entirely outside of the country.
submitted by tomazu07 to legaladvice [link] [comments]

if you play an online casino ( roullete for example ) and ask what the percentage is 1 number be hit over and over again. they need to give a paper that state the percentages. its by law. is this also true for rng based games?

after the ms sinister debacle. i was wondering about this.
if you play an online casino. and play roulette for example. the casino has to give you a paper if you ask for it, that states how many times a number can be hit for it to be still random. it has something like 35 times black can be hit after each other for it to be considered random. if its more, its an error in the system and you can file a complaint with the casino. but is this actually also true for RNG based games? like how many times should a character or a mini unique be in the store before its seem as a an mistake like we saw with mr sinister now.
submitted by redbullrebel to MarvelStrikeForce [link] [comments]

German Online Casinos Will Not Face Penalties If They Follow Future Laws Now

German Online Casinos Will Not Face Penalties If They Follow Future Laws Now submitted by Anagnorisisa to poker [link] [comments]

Because of laws in Poland, you can't do anything in the casino on GTA 5 online

Because of laws in Poland, you can't do anything in the casino on GTA 5 online submitted by Erskk1 to mildlyinfuriating [link] [comments]

GTA Online Casino Update Blocked By Gambling Laws In Over 50 Countries

GTA Online Casino Update Blocked By Gambling Laws In Over 50 Countries submitted by Kassina to gamingnews [link] [comments]

09-24 00:24 - 'EA is operating an online gambling bussiness, but denies doing so and thus refuses to operate under the gambling law of belgium. So their only remaining option is to ban Belgian users from accesing the inline casino...' by /u/FlyingBeerWizard removed from /r/belgium within 270-280min

'''
EA is operating an online gambling bussiness, but denies doing so and thus refuses to operate under the gambling law of belgium. So their only remaining option is to ban Belgian users from accesing the inline casino. If you bought the more expensive version and you would be unable to use the currency, they could possibly be commiting fraud.
Every consession EA makes to the Belgian market can be seen as a admittance that fifa ultimate is nothing more than a casino dressed up as a football game.They will fight tooth and nail to prevent that, ultimate team and gamemodes like it are turning into the largest part of EA's revenue stream( Billions of euros)
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: FlyingBeerWizard
submitted by removalbot to removalbot [link] [comments]

GTA Online Diamond Casino games aren’t available in some countries due to gambling laws

GTA Online Diamond Casino games aren’t available in some countries due to gambling laws submitted by SwitchBladeVapor to TopVideoGame [link] [comments]

How do I report this win when I do my taxes ?

I won 5k dollars last year on chumba casino. But they didn't send me a w-2 form. When I do my taxes, how do I file it ? Thank you
submitted by peruano99 to gambling [link] [comments]

Is there an advantage to actually living in Vegas? Can't you do all your sports betting online?

Thanks for any help!
submitted by Harvey_Ledbetter to sportsbook [link] [comments]

Why is Online Gambling still not Legal in the age of covid?

Isn't it about time? I am just curious how many others feel this way. Would love to hear everyone's feelings about it.
Recently I had a co worker go home sick with Covid because his girlfriend went to a land based Casino for a birthday. This coworker dragged covid through our office for half a day........Luckily no one else tested positive.
As someone who has gone almost an entire year now without playing any Poker or anything else, in full compliance with all covid procedures, this pisses me off.
Covid has been here and will continue to be here. Are we really going to call ourselves a "Progressive" state and still have archaic restrictions like you can only play table games or stuff at a physical location in tight gatherings for hours on end......
The same way the state legalized weed and saw a boon for our states economy, how is it that we cannot legalize gambling at all, how is WA state going to fall so far behind compared to others?
I suggest making it 21+ activity that requires your WA state drives license for registration. They also have program in places like Sweden where you can even ban yourself from playing if you feel you are having trouble with it.
What does everyone think?
submitted by testingthewaters206 to SeattleWA [link] [comments]

Credit Card deposit or Bitcoin?

Do you guys trust using a credit card deposit when based in a state that doesn’t allow online casinos? I want to play a little bit of slots on superslots but am unsure if using a credit card is safe or not! I would do bitcoin but CashApp is verifying my identity! Any responses are appreciated! Sorry never done this! Thanks! :)
submitted by MyNameIsEthan123 to onlinegambling [link] [comments]

Laws and Regulations for Online Casinos in NZ - NZ

Laws and Regulations for Online Casinos in NZ - NZ submitted by bestbonus to u/bestbonus [link] [comments]

Why are Americans forced to use shitty off-shore sites like ACR, BOL and Bovada?

Title says it all.
Its 2020 and outside of a few states, 90% of American players are forced to use totally shady, unregulated, rigged-ass poker sites that are run by pieces of shit.
Is there billionaire casino owners that lobby each year to keep online poker illegal? The US legalized sports betting, how the fuck is online poker not within the scope of those federal laws? This country just decriminalized fucking coke, heroin, and meth in the state of Oregon, but I can't sit in my living room and play poker at PartyPoker or Pokerstars??
I see online gaming companies, such as DraftKings, operating fine domestically, in both public operations and US-facing advertisement. I don't understand why its illegal for Americans to play on trust worthy, reliable, US-facing sites.
As you can tell, I am tilted as fuck. I just got another PARTIAL refund from ACR because I was playing against two fucking bots at the same table. They wouldn't even GIVE ME A FULL FUCKING REFUND. Fuck the free world. Fuck everyone. I want the Full Tilt days back... (before black Friday obviously)

Update: Please keep the up/down vote number at 69 ;)
submitted by ArizonaJesus69 to poker [link] [comments]

I'm writing a book about Casinos/Gambling – help me decide on a topic

Hi all! I haven't been much in this sub, but thought I would come here and ask you all a question. I'm a freelance writer for the iGaming industry and as a part of an assignment, I have to write a book. I can write about anything, as long as it's related to gambling or casino.
The natural thing to do, that most other people do, is to write something like an "Ultimate Guide to Win at a Casino" or a blackjack guide or something like that. But, that doesn't interest me at all. I've written hundreds of articles for affiliate sites with crap like that, so I really don't want to write a book about it.
I have come up with two different topics that I think might actually interest people:
1) Some kind of a "behind the scenes at online casinos" book, mainly focused on what casinos don't want players to know. (I used to work at one of the big online casinos, so I know the inner workings of how they operate)
2) How the casino affiliate market works and a bit of an insight into how that niche has become a huge moneymaker and is super competitive.
What do you guys think? Any of these topics interest any of you? Would you want to read a book about something like this or do you have other suggestions for topics I could write about? (Not trying to sell anything here, just looking for ideas, suggestions or advice.)
submitted by miss_casino to gambling [link] [comments]

Online Casino Makes Over 500K, Skirting Laws With Legally ‘Gray’ Digital Currency, BitCoin

Online Casino Makes Over 500K, Skirting Laws With Legally ‘Gray’ Digital Currency, BitCoin submitted by waspoza to Bitcoin [link] [comments]

Score Media and why its a massive candidate for a multi bagger

Hello fellow autists,
Just a pre-cursor, this is my first post of any kind on WSB. I would occasionally peruse the forum but was obviously drawn here from the GME craze and love every part of it.
Score Media and Gaming, listed on the TSX as SCR and in the US as TSCRF.
These guys have nothing but positive news coming in the next 12 months and has the ability to at least double in the next half year, if not sooner. These guys are foraying into the sports betting market and are the only players that have a fully intuitive and integrated sports scores/stats application on the market.
So what are the positives/catalysts for Score Media:
- Expansion with the help/investment of Penn Gaming to expand sportsbook in the US. Keep in mind, Penn is the same company that invested in Barstool. The Score is already approved in New Jersey, Indiana and Colorado, with Iowa right around the corner, and Michigan up next.
- Sports betting in Canada is a 14 Billion dollar market. Single wagering is currently illegal, however, there is unity across the aisle between all political parties to amend the criminal code and make single wagering legal. There are currently two bills in play. C-13 and C-218. C-13 second reading is currently delayed, while C-218 is scheduled for the House of Commons on February 24th. Like most countries, they have currently spent a ton of money propping up their respective economies due to COVID-19. It is highly unlikely the Canadian government rejects this massive taxable revenue stream when it needs it the most
- Leader in sports applications for time spent on the app on a monthly basis, beating out heavy hitters like TSN, ESPN, Bleacher Report....literally every other sports media application
- Only major player with an already existing sports news/fantasy application with seamless sportsbook integration. No hopping back and forth, you can wager through the sports app as if you were on the sportsbook
- They are the biggest E-sports media player with over 1 million subscribers on YouTube and that lead is growing
- They are pushing to get listed on the NYSE in the very near future to further growth and investment opportunities.
The only real hinderance that could potentially stop the run of this company is if the Canadian government fails to amend the current laws for single game wagering, which in the current economical climate, I find extremely unlikely. ESPECIALLY with support from all political parties including the Conservatives, New Democratic Party, Bloc Quebecois and most Liberal MP's.
Even in the event that this for some reason failed to pass, it still has access to an enormous US market with the backing of Penn.
I love this stock boys and girls!

EDIT 1: Currently with 2500 shares. Started at 1.71 and have been steadily buying dips, now at 1.91 cost average
Sources and Links:
Bill C-218 and Canadian Market: https://financialpost.com/telecom/everything-has-changed-canadian-companies-looking-to-cash-in-as-sports-betting-legalization-spreads
https://www.radionl.com/2021/02/04/bclc-advocating-for-ottawa-to-legalize-single-event-sport-betting/
ScoreBet integration: https://www.businesswire.com/news/home/20201112005877/en/Introducing-BET-SECTION-A-New-Dedicated-Home-for-Betting-on-theScore-App
Penn investment and US plans: https://www.thestar.com/business/2021/01/16/the-faceoff-score-media-vs-draftkings-the-well-known-canadian-online-gaming-site-is-bracing-for-competition-from-its-larger-us-peer-but-its-high-brand-recognition-across-canada-gives-it-home-ice.html
Canadian position compared to rivals and US listing plans: https://www.casino.org/news/thescore-ceo-says-company-in-pole-position-for-canadian-sports-betting/

submitted by BluesSteenV2 to wallstreetbets [link] [comments]

Online Casino Game Laws of The World In a Nutshell

Online Casino Game Laws of The World In a Nutshell submitted by cristinereyess to casinovr [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]

Detailed DD post [re-post after r/pennystocks removed it]

Detailed DD post [re-post after pennystocks removed it]
I posted this yesterday morning (UK time) but after 5 hours or so, pennystocks deleted the original post. A few people messaged me asking for it to be shared in a few High Tide specific pages. So here it is!
--
This is my first time posting a DD post – a friend of mine who moderates on SPACs has shared some analysis I have written previously, but I’m keen to share this here, and see if there is any appetite for sharing my own personal written DD I have on the 30 stocks I have across a number of different portfolios.
I have modified this format, as it was originally a script for a video which I created on the stock. If you prefer to listen – check it out here: https://youtu.be/qsjwU7kkPsw
Some of the market stats (market cap, current multiples, etc.) are correct as of Feb-06, and clearly a little outdated since the price movements.
Not a financial advisor, do your own DD. I am long HITI and have an expectation of a long term hold on this stock.
Overview
  • High Tide Canada-based cannabis retail company, operating under multiple brands. It operates under 3 core divisions:
  1. Brick and mortar retail – 4 key brands with just under 70 locations in Canada. Brands include: Canna Cabana, New Leaf, Meta Cannabis and Kushbar. Forecast to have around 115 stores by end of 2021
  2. Online retail – has 2 brands, both of which attract millions of viewers per month – Grasscity.com and CBDcity.com
  3. Wholesale – manufacturer of paraphernalia in US and Canada. Number of products are branded with various celebrities, Snoop Dogg, Paramount Pictures, Trailer Park Boys and many more
  • Has good c-level execs and experienced executive board; hold significant stake in the business. CEO Raj Grover holds just over 21% of the shares
  • Currently has a market cap of around $280m. Still significant upside to the valuation – see analysis later in post
Investment Merits
Very strong market growth:
  • Business has demonstrated growth both organically (through new store openings, more online sales and greater wholesale sales), as well as inorganically through M&A
  • Growth in markets which High Tide has a physical presence in is expected to be very strong. North American cannabis market (Canada and US) is forecast to grow by 30% a year to 2027 (source: research and markets)
  • Analysts covering High Tide are forecasting growth in excess of this, which is positive to see and implies capturing market share
  • New markets / geographies ‘opening up’, legalizing and regulating cannabis is also an exciting and realistic prospect for incremental growth:
  1. The US federal legalization debate is on the table
  2. Many other countries are considering this too and High Tide is well positioned for these; this is catalyzed by the fact that government debt has increased significantly as part of the response to the COVID-19 health crisis. This needs to be repaid somehow, and increasing tax rates on existing taxes is an unpopular political move. Finding new tax revenues is a more palatable way of increasing tax revenues for governments. This is especially important in countries where elections are upcoming.
  • Personally I do expect to see this accelerate the agenda for the regulation and legalization of cannabis in many new countries
  • Whilst predominantly Canada and US based, High Tide does have presence in some markets where cannabis is not regulated or legalized, the UK for example (~10% of Grasscity sales are made here) and so it is well positioned with a strong and established brand to capitalize on this opportunity, when / if the market ‘opens up’
Regulation
  • High Tide benefits from the regulatory focus and overhang on the cannabis retail sector as it represents a strong barrier to entry, making it more challenging for new competitors to enter market
  • Participants in the market need to have licenses and ensure consistent compliance with laws to continue operating – failure to comply can result in significant financial penalties
  • Personally I normally don’t like investing into retail. There are usually fairly limited barriers to entry, minimal differentiation and negligible customer loyalty, however the cannabis market does have different characteristics in this respect and makes it a more compelling proposition
  • Regulation also benefits those with scale, something High Tide has as the leading player in the market. It costs money to obtain and retain licences to operate and it costs money to ensure compliance with all the laws and regulations and that all staff are acting in accordance with these
  • Some parallels in this respect which can be drawn to casino gaming in casinos; you don’t see new casinos popping up at the same rate which you see new restaurants or apparel stores opening
Demand
  • There’s a lot to like about the demand dynamics for High Tide. It’s vice-nature means that demand is less correlated to disposable incomes. Given where we are in economic cycle, especially important consideration
  • For those doubting this, check alcohol, tobacco or gambling expenditure across economic cycles historically, for a proxy
Strong performance throughout COVID-19 crisis
  • Despite heavy weighting towards brick and mortar, (the most hard hit part of retail) it has effectively managed the shift to online, which is a positive
  • Has relied on government support and financial assistance in the form of job retention schemes (address in more detail later in post)
  • This demonstrates management are capable and have effectively navigated the challenging situation
Data
  • Massively summarized from the video, (and my video on KERN) so check that out if interested in this point, however, they have unique access to supply chain data which could be monetized effectively and generate strong levels of recurring revenues
  • Other established sectors have a trusted party with such unique access to data (e.g. alcohol, lithium, different foods, etc.) and the opportunity here is enormous
  • I would like to see High Tide capitalize on this
Forecasts financials & analysts
  • Currently 2 analysts covering High Tide, both have a buy rating on the business
  • Their coverage is slightly outdated (expect this being updated soon and a further catalyst for positive price action) and their price targets are 60c; at the time their reports were published, they were forecasting a 4x upside (HITI was trading at ~15c)
  • Same analysts also forecasting strong growth - 77% CAGR to 2022. They are forecasting revenues of around $250m and EBITDA of $46m. A reminder here, these are professional analysts, not YouTube students – these come from their financial models, the assumptions of which are discussed with management
https://preview.redd.it/nfq8h5fpvmg61.png?width=602&format=png&auto=webp&s=f48977ca9c0072003ac71206cef28b0a493dd583
Valuation
  • Going to go quick here, its explained more slowly in the video but High Tide is currently valued at a significant discount to the other listed peers
  • Looking at EV / FY+1 Sales multiples – EBITDA not meaningful as some of the peer group are EBITDA negative and High Tide itself has only recently become EBITDA positive

https://preview.redd.it/4t4n303rvmg61.png?width=342&format=png&auto=webp&s=636bca248743272bed283af97780d3e1e121312f
  • Personally, I think Planet13 is the most comparable given its business model
  • Taking both Planet13 multiple and peer group average multiple, this is then applied to High Tide’s forecast FY+1 sales to calculate an enterprise value – this is adjusted for net debt to get to a market capitalization and then divided by the share count to get an implied share price
  • The table below shows the implied stock price valuations from this analysis

https://preview.redd.it/1mks0oxrvmg61.png?width=406&format=png&auto=webp&s=587ca8e2468b825103905931ebe7ab5b42314c6f
NB – assumed the following:
  1. Net debt will change in coming year given the capital structure and a large number of convertible notes – this has been ignored given it will have small impact on the price
  2. The share count will change as a result of dilution from various instruments – if this bothers you massively then look at the valuation discount on the basis of the enterprise value as it does not impact this (and only slightly on the market cap given minimal impacts to cash from instrument execution, etc.)
  3. Not accounting for any stock split, consolidation or any other M&A deals
  4. The FY21 financials are on the basis of the mean broker estimates from Thomson Reuters – Seeking Alpha has different and slightly outdated ones
Investment Risks & Mitigants / Outstanding DD points
Exposure to changing regulation
  • US is only a small part of the market which High Tide addresses, while a change in regulation would have a big impact on the company, currently it is unlikely this would happen, given the discussions about potential federal legalization
  • Canada regulation is established and not going anywhere
  • Other countries likely to legalize and regulate cannabis, as outlined earlier
Dilution
  • No escaping that there will be some significant dilution for shareholders, as pointed out in the table below, but this should be already priced into the stock
  • Potential that new equity issuances could occur to help finance growth, but provided this growth is delivered, it should be accretive for the stock price

https://preview.redd.it/vkrb2ousvmg61.png?width=602&format=png&auto=webp&s=40f8f4c65b92efc15af0eba42bb873c774700eff
Potentially misleading cost basis information
  • A risk that investors need to be aware with for all companies which have relied on government financial support during COVID-19 measures. Such support has resulted in the number of businesses going bankrupt decreasing massively – this is at a lower level than it ever normally is and is masking some real underlying issues within companies. As investors we need to be open eyed about this
  • As High Tide has benefited from support in the form of the Canada’s Emergency Wage Support scheme, there is the risk that once this is lifted it may become apparent that the cost base has not been effectively managed
  • Personally, I think this is mitigated by the synergy analysis conducted as part of the M&A. A full cost base analysis would have been conducted to calculate the potential $8.4m synergies so strong likelihood that this is under control, but should keep on our radar and reassess
Marketing expenses and celebrity licenses
  • Need more information to ascertain whether these are underpinned by a compelling ROI. Seen a lot of people suggest this is a great positive, but the impact on sales volumes from these is unknown, as is the terms of these license agreements (e.g. split between upfront fee vs. volume-based fee)
  • No escaping the fact that it is an increased cost and so need to understand the ROI this generates to determine whether it really is compelling
  • Is there really more demand to pay a premium for Snoop Dogg bongs, Guns n Roses papers, Cheech & Chong grinders, or whatever they may be?
  • So far management have suggested this has been helpful in driving new sales, but this is something to dig into more
If you want to check out the video, it would be appreciated: https://youtu.be/qsjwU7kkPsw
submitted by AlexM-YT to HITIFSTOCK [link] [comments]

online casino laws video

You do NOT want to operate an online casino in Indiana! For the players, though, illegal Gambling is a Class B Misdemeanor. Further, your device would almost undoubtedly become an illegal gambling device under State law. How strictly the codes are enforced for Internet Gambling is unknown, but the laws are not ambiguous. RANK: Patently Illegal ... Relaxed lottery, pari-mutuel, and casino laws swept the country, from the new gambling Mecca of Atlantic City to tribal gaming’s origins at the end of that decade. Since that time, state law related to gambling has continued to evolve. Some US states have gone so far as to outlaw online gambling outright. The states of New Jersey and Nevada, for example, have declared that all non-state ... Online casino regulation is a pretty complex thing. So, there shouldn’t be any surprises about the fact that there are some countries that don’t have almost any kind of laws regarding this concept. As you can imagine, it’s important for every country to decide for itself how these regulations will be handled. We can see that there were almost no countries in the world with this kind of ... You can find multiple online lottery and casino game options through licensed India-friendly online casino operators. So, while Satta Matka is not played anymore, the demand for lottery gambling options is still present. Legal Lottery Gambling In India. The Central Lotteries Regulation Act of 1998 effectively ended Satta Matka and offered a legal avenue for Indian punters to participate in ... Online Casino Laws: The Complete Guide. Gambling brings with it potential dangers. Strict online casino rules and regulations are vital to protect the player who wants to have a flutter online. The risk of being conned by a less than honest casino operator is one factor. But it is also important to have laws in place to protect the punter from themselves. In the UK alone, it is estimated that around 350,000 people suffer from a gambling addiction. Because of this, the UK government set up ... The truth is that online casino laws are still unclear in the US. There are no defining Federal Laws that ban online casino gambling completely. And since different states have the power to dictate the laws of the state the matter seems to be all the more confusing. When the Unlawful Internet Gambling Enforcement Act was passed in 2006 it restricted banks from facilitating transactions to online casinos. This confused the players on the legal status of online gambling. Several online casino ... And thanks to lax online gambling laws, players can enjoy casino games online, when played at a foreign site. Assam Assam uses the Assam Game and Betting Act, 1970, to further clarify gambling’s illegality within the state. Horse race betting is allowed as per the Amusement and Betting Tax Act, 1939. Online Gambling Laws and the IT Act . There are no distinct overlying laws that pinpoint the ... Sikkim and Goa are examples of states that have their laws. The Act of 1867 does not mention online casinos, as, in 1867, the internet and computers weren’t invented. And since no other law has been added since, online gambling remains safe. There have been no arrests of Indian people who have played casino games online using offshore casino sites. Gambling Laws in Kerala. As we’ve ... Online Casinos and New Zealand Laws. As a newbie in the online gambling world, it is fundamental that you figure out how the industry started. From the outset, players could just bet at various casinos, which were situated in various territories. At that point, it was very difficult for anybody to really begin with playing except if you had enough cash to travel. Notwithstanding that, since ... Microgaming software and Playtech software powered casinos have left the US market until the US online casino laws change. Basically, the online casinos stay ahead of the law by finding new and innovative payment processors to help with this deposit/withdrawal issue. Remember, the US online casino law is designed to put the responsibility on the payment processors, so nothing has changed for the casinos or for players. However, in Washington State they have added another US online casino law ...

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