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Whereas, for alleged involvement in online gambling, Alvin Chau clarified his stand, saying that his company in Macau had never advertised their online gambling operations based in other countries and never deployed the Suncity staff to do so in Macau or Mainland China.
Of fourth quarter, Nicole Ovadia, VP Forecasting & Analysis, BIA Advisory Services says, ¡°It¡¯s a very busy time for sports betting and, therefore, we expect to see a spike in ad spending by the major players in this space as they are vying for customers ¨C especially in the markets where sports betting is new.¡± John Casillo, an analyst at TVREV adds, ¡°Sports betting is seasonally-focused, with a specific emphasis on the fall and winter for the NFL.¡±
She highlighted other possible issues: How could the commission ensure players get any money left in their accounts returned? What would happen if an operator is shut down before the outcome of a bet it accepted is known? Should companies be required to put up a bond to ensure they can pay out all wagers if they don't secure a final license?
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