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2025-01-13 Source: Dazhong
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luvvcalista ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators have handed out $40,000 in fines to two sportsbooks and a tech company for violations that included taking bets on unauthorized events, and on games that had already ended. In information made public Monday, the New Jersey Division of Gaming Enforcement fined DraftKings $20,000. It also levied $10,000 fines on Rush Street Interactive NJ and the sports betting technology company Kambi. According to documents released by the state, Rush Street accepted 16 bets worth $1,523 in Nov. 2021 on a college basketball game between the University of North Carolina-Asheville and Tennessee Tech University after the game had already concluded with a UNC victory. Kambi told the enforcement division that a trader had failed to manually remove that game from its betting markets, saying it had stopped receiving messages from its own sports data provider due to a network connectivity error. Kambi said it has updated its guidelines and retrained its traders to prevent a recurrence. Kambi, which is based in Malta, did not immediately respond to a message seeking comment Monday. Rush Street declined comment, and DraftKings had no immediate comment Monday. DraftKings stopped using Kambi in 2021. In March 2022 Rush Street took seven bets totaling just under $2,900 on three Magic City Jai Alai games after the results were already known. Kambi told the division it experienced a connectivity issue that allowed the bets to be accepted after the games were over. An explanation of what Kambi did to address the situation was blacked out in documents released by the division. A month earlier Rush Street took 13 wagers worth $8,150 with pre-match odds on a Professional Golf Association match after the event had already begun. In this case, Kambi told the division a newly hired trader failed to enter the correct closing time time for bets on the event. The trader and a supervisor underwent retraining. DraftKings was fined for taking bets on unapproved events including Russian basketball for nine months in 2020 and 2021. It eventually voided over $61,000 in bets and returned the money to customers after being directed to do so by the state. In this case, Kambi told the division it misidentified this particular Russian basketball league as one that was approved for wagering in New Jersey. DraftKings told the state it did not catch the error, either. In 2020, DraftKings accepted 484 wagers on unapproved table tennis matches. Kambi incorrectly enabled the events for wagering without conditions required by the state, the division said. In Feb. 2022, the division said DraftKings took pre-season NFL bets involving specific players but did not give the state specific information on what information was to be included in the bets, drawing 182 wagers worth nearly $7,000 that were later voided and refunded to customers. Follow Wayne Parry on X at www.twitter.com/WayneParryACCaptain Fred Braman, USN (Ret), Chronicles Epic Sailing Adventures In Still Too Old Not To Go



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America's Own Assad: Egypt Under Sisi Has 70,000 Political PrisonersBALTIMORE (AP) — Nendah Tarke's 24 points helped Towson defeat Morgan State 64-60 on Sunday night. Tarke added seven rebounds for the Tigers (4-2). Tomiwa Sulaiman scored 10 points and grabbed six rebounds. Christian May scored nine. The Bears (3-5) were led in scoring by Wynston Tabbs with 19 points. Kameron Hobbs had 13 points and Ahmarie Simpkins finished with nine points, three steals and two blocks. Towson went into halftime leading Morgan State 35-26. Tarke scored 14 points in the half. Towson used a 7-0 run in the second half to build an 11-point lead at 58-47 with 5:51 left in the half before finishing off the win. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .

Avior Wealth Management LLC reduced its stake in shares of Southern Copper Co. ( NYSE:SCCO – Free Report ) by 16.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,028 shares of the basic materials company’s stock after selling 198 shares during the period. Avior Wealth Management LLC’s holdings in Southern Copper were worth $119,000 at the end of the most recent reporting period. Several other large investors have also bought and sold shares of SCCO. Los Angeles Capital Management LLC boosted its stake in Southern Copper by 1,300.4% in the second quarter. Los Angeles Capital Management LLC now owns 443,285 shares of the basic materials company’s stock valued at $47,760,000 after buying an additional 411,630 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Southern Copper by 11,510.5% in the third quarter. International Assets Investment Management LLC now owns 189,716 shares of the basic materials company’s stock valued at $21,944,000 after buying an additional 188,082 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Southern Copper by 421.6% in the first quarter. Lazard Asset Management LLC now owns 155,265 shares of the basic materials company’s stock valued at $16,538,000 after buying an additional 125,496 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Southern Copper in the second quarter valued at about $11,142,000. Finally, Van ECK Associates Corp boosted its stake in Southern Copper by 30.2% in the second quarter. Van ECK Associates Corp now owns 297,536 shares of the basic materials company’s stock valued at $32,057,000 after buying an additional 68,944 shares in the last quarter. 7.94% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Several analysts recently weighed in on SCCO shares. Morgan Stanley raised their price objective on Southern Copper from $97.00 to $100.00 and gave the company an “underweight” rating in a research note on Thursday, September 19th. Scotiabank dropped their target price on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a research report on Tuesday, October 15th. Finally, Citigroup increased their target price on Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a research report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $90.63. Southern Copper Stock Performance Shares of SCCO stock opened at $99.74 on Friday. The stock has a market capitalization of $78.35 billion, a PE ratio of 25.68, a PEG ratio of 1.04 and a beta of 1.18. The business’s 50 day simple moving average is $110.24 and its 200 day simple moving average is $109.04. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. Southern Copper Co. has a one year low of $70.63 and a one year high of $129.79. Southern Copper Dividend Announcement The company also recently disclosed a — dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 6th were given a dividend of $0.62 per share. This represents a dividend yield of 2.1%. The ex-dividend date was Wednesday, November 6th. Southern Copper’s dividend payout ratio (DPR) is presently 72.09%. Southern Copper Company Profile ( Free Report ) Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead. See Also Want to see what other hedge funds are holding SCCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern Copper Co. ( NYSE:SCCO – Free Report ). Receive News & Ratings for Southern Copper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Copper and related companies with MarketBeat.com's FREE daily email newsletter .

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