Star Entertainment loses license after unsuitable investigation
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Star Entertainment has been declared unable to safe administration of its Sydney on line casino after a damning investigation exposed neatly-liked failings within the firm’s operations.
The NSW on line casino regulator this day suspended procuring and selling in Star shares because it considers the formulation forward for the operator’s licence.
What’s going to happen to Star’s more than 70,000 shareholders, who comprise invested $4.7 billion in joint ventures with the NSW and Queensland governments? As of February this twelve months, Star had $2.178 billion in gathered losses and declared a closing capital of $2.5 billion, which now appears to be like to be to be at threat of being wiped out as shares had been placed on a “procuring and selling quit”.
The regulator’s chief commissioner Philip Crawford commented on the exclaim:
It has fully very as of late grew to turn into its attention to addressing concerns that may want to had been a priority sooner than.
A 2d investigation has discovered the firm restful fails to meet the mandatory standards of responsible governance. Star’s Sydney remains suspended after an earlier investigation discovered extreme lapses in anti-cash laundering and terrorism controls. No matter this, the on line casino has continued to feature below a manager appointed by the regulator.
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Shares in GameStop doubled on Monday after “Roaring Kitty”, the man at the heart of the stock market frenzy surrounding the video gaming chain three years ago, resurfaced on social media.
Trading of GameStop was halted several times as its shares surged to their highest levels in more than a year when New York opened for trading.
Keith Gill, the influencer known as Roaring Kitty and former marketer at an insurance firm, posted on X for the first time since 2021. He shared a sketch of a gamer leaning forward, as if things were getting serious – and followed up with a stringof clips from movies and TV shows.
In one clip from the Pirates of the Caribbean franchise, Captain Barbossa, having unexpectedly returned from the dead, remarked: “So tell me, what’s become of my ship?”
The posts triggered a surge in GameStop shares, which rallied by as much as 110% during early trading on Monday. They slipped back, and ended the day up 74%.
Gill’s videos on YouTube, and posts on Reddit, where he is known as DeepFuckingValue, placed him at the front of an army of meme-toting day traders who tried to mount a rebellion against Wall Street – and the financial titans dominating the market.
Their bid to engineer a “short squeeze”, whereby the hedge funds that bet against GameStop were left scrambling to shore up their balance sheets after its shares surged, was transformed into a Hollywood movie last year. Paul Dano played Gill, who was the central character in Dumb Money.
Gill himself has largely kept his head down, however – and steered clear of social media – until now. His posts on Sunday evening and Monday unleashed a torrent of speculation around his plans.
Shares in GameStop have fallen dramatically since their extraordinary peak in early 2021, at the height of the so-called “memestock” trading frenzy, when a string of companies were boosted by viral memes.
Questions have been raised, too, about the strength of GameStop’s business, which has endured a series of high-profile departures from its management team. In March, the chain cut an unspecified number of jobs to reduce costs and reported lower fourth-quarter revenue.
Kathleen Brooks, research director at XTB, noted that the stock had rallied despite a “horrible” first quarter. “Monday’s move in GameStop rounds off a good month for the company,” she said. “Its stock price has surged more than 60% in the past month, fueled mostly by demand from retail traders.”
Roaring Kitty “seems to be the most likely suspect for the renewed interest today … but I would be careful not to characterize the participants in this phenomenon as investors”, said Art Hogan, chief market strategist at B Riley Wealth.
“There’s no fundamental change in any of the companies that are popularized in this phenomenon.”
Monday’s rally spread beyond GameStop to other top memestocks. Shares in AMC Entertainment, the movie chain, rose 78% while Trump Media, the former president’s media business, rallied before losing steam, to finish the day up 1%.
Mendeecees Harris’ faithfulness to Yandy Smith was recently questioned. As reported by The Shade Room, during Alexis Skyy’s livestream, a male friend alleged the 45-year-old was cheating.
Mendeecees seemingly responded to the rumors on Instagram. He wrote, “I don’t even play on the internet however leave me alone. First and last time.” In addition, he went viral earlier this month after expressing “commitment” is how he maintained his marriage.
The couple shared much of their life on reality television. According to Fandom, they first gained notoriety as cast members on ‘Love and Hip Hop New York.’ However, when the show ended, they joined the ‘Love and Hip Hop Atlanta’ cast. Additionally, Yandy and Mendeecess subsequently moved to Georgia.
Let’s take a look back at the reality couple’s love and relationship over the years.
How Did Yandy Smith Meet Her Hubby?
Yandy and Mendeecess shared how they met on VH1’s ‘Love and Hip Hop’ YouTube channel. The pair shared that they were introduced at the airport after an artist, Yandy managed, asked her to book Mendeecess a flight. He said that he was pleasantly surprised after laying eyes on her.
Yandy and Mendeecess were married on May 25, 2015. ‘Love and Hip Hop’ cast members attended. Additionally, fans gushed over the beautiful decor. However, it was later revealed the pair never submitted the marital paperwork. In 2017, Smith opened up about the matter to Bossip.
Mendeecees’ Prison Sentence
According to Hot 97, in 2015, Mendeecees was sentenced to eight years in prison on drug trafficking charges. The prosecution stated he conspired to distribute both cocaine and heroin in The Big Apple. Yandy’s man served four years in prison. He was released in 2020 after entering in January 2016.
The couple later revealed how difficult the experience was on VH1’s ‘Couples Retreat.’ The businesswoman stated that she felt like she was “doing time” with him. Mendeecees expressed how he wished she would have emailed more. However, Yandy argued that they spoke daily. Additionally, she stated she was handling the daily duties of her job and motherhood.
The couple also renewed their vows in a beautiful beach ceremony on the reality show.
Amid their romance, Yandy gave birth to their youngest children, Omere and Skylar. Additionally, Mendeecees has two boys, Mendeecees Jr. and Aasim, from previous relationships.
Wish the couple many more drama-free days of wedded bliss!
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