Online games are harming children through gambling and other features, say Lords

Electronic Arts
Electronic Arts

Online games are harming children through the inclusion of gambling and other features, according to a major new report.

Regulators should score new games on the amount of harm they could cause to children and any that score too highly must be not be approved for sale, the report from the House of Lords’ Select Committee on the Social and Economic Impact of the Gambling Industry warns.

It recommends that the Gambling Commission establish the system for testing games, amid fears over the problems that “loot boxes” represent in encouraging children to gamble.

Experts have repeatedly warned that there is not enough protection for children from the feature, and that it could lead to gambling addiction and other societal problems if it is not tackled.

Current testing criteria of new games “astonishingly” do not consider the addictiveness or potential harm that could be caused, the Committee’s report said.

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Olympic Casino’s asset grab unnerves European junk bond investors

By Yoruk Bahceli

AMSTERDAM (Reuters) – A sleight of hand by the owner of an Estonian gaming company is alarming investors worried that tactics used by private equity firms in the United States to shift assets away from creditors are coming to Europe.

Olympic Entertainment, owned by private equity firm Novalpina Capital, told bondholders on June 18 it had moved some assets – all its online operations and a Lithuanian business – into an entity not bound by its credit agreements, according to an email seen by Reuters.

The company, which operates the Olympic Casino brand, distributed shares in the separate entity to a parent company controlled by Novalpina, the email said, effectively paying the London-based firm a dividend.

Olympic Entertainment, which had 114 casinos at the end of 2018 in Estonia, Latvia, Lithuania, Slovakia, Italy and Malta, did not respond to requests for comment.

Olympic’s asset shift means holders

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What’s Next for TV Markets? Survey Highlights Reduced Delegations, Year-Round Online Events

Click here to read the full article.

As the industry gets used to working within the virtual space, U.K. media consultancy K7 Media has surveyed 40 clients — made up of some of the biggest international TV distributors, broadcasters, and production studios  — to learn more about their experience with these new virtual events and the role trade shows will play in the ‘new normal.’ K7 Media’s head of strategy Girts Licis looks at what’s next for TV markets and conferences.

As it became increasingly clear that physical events would be unable to go ahead as planned, we noticed everyone — from existing event organizers to publishers and analysts — rush to establish an online footprint.

There’s no doubt the industry has adapted well to ‘attending’ events online, with 55% of clients surveyed reporting watching or listening to an online session curated by a TV event. Highly anticipated annual markets,

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An Online Bank With a Full Range of Products

Ally Bank has been around for over a century — but you probably didn’t hear about it until the last decade.

The bank started out in 1919 as GMAC, General Motors’ finance division. But in 2009, the company rebranded as Ally Bank, an online-only banking institution that offers everything from checking and savings accounts to home and auto loans to investment accounts.

Our in-depth Ally Bank review paints a full picture of the institution but specifically focuses on its checking and savings accounts. This review also includes information about Ally’s money market accounts, CDs, loans and investment options, as well as a review of Ally’s mobile app, level of convenience and customer service.

In this review:

What Is Ally Bank?

Ally Bank is an FDIC-insured online-only banking institution offering an array of accounts, including its Online Savings and Interest Checking. You can also open a Money Market account or invest

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A Democratic Money Blitz Is About To Swamp Susan Collins

After Maine’s Republican Sen. Susan Collins voted to confirm Supreme Court Justice Brett Kavanaugh, Senate Majority Leader Mitch McConnell made a promise during a Fox News interview: “Senator Collins will be well funded, I can assure you.”

Maybe not well funded enough.

On Thursday, Maine House Speaker Sara Gideon, the most likely Democratic challenger to Collins, revealed she raised a whopping $9 million in the second quarter. Oh, and Gideon is set to receive an additional $3.5 million or more after she (presumably) wins the Democratic primary in the middle of July. A Federal Election Commission report filed that night showed Gideon with $5.5 million in the bank as of June 24.

Gideon’s financial advantage over Collins, who reported $5 million cash on hand, doesn’t guarantee a victory over the three-term Republican, who not long ago remained astronomically popular in the state and is trying to frame the race as

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Twitch and gamers pay tribute after star’s death

Tributes have been paid to video games streamer Byron Bernstein, known as Reckful, who died on Thursday.

Mr Bernstein was a well-known and loved e-sports player and had 960,000 followers on streaming site Twitch.

His brother Gary Bernstein confirmed that Reckful had taken his own life, aged 31.

Twitch said Reckful was a “streaming pioneer” and that it was “devastated” to hear of his death.

Mr Bernstein had built his following in part by playing World Of Warcraft.

When his death was reported on Thursday evening, fans held virtual memorials inside the game.

Before his death, he had been working to create his own video game, called Everland.

In January, he shared a video on YouTube in which he talked

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Schwab (SCHW) Completes Acquisition of Wasmer Schroeder

Charles Schwab SCHW completed the acquisition of Naples, FL-based Wasmer, Schroeder & Company, LLC. The deal, announced this February, will strengthen Schwab’s position in the brokerage industry.

Following announcement of the deal closure, shares of Schwab gained 1.1%.

Wasmer Schroeder is an independent investment manager of fixed-income separately managed accounts. Its team of more than 60 employees, including roughly 30 investment professionals, has significant experience in the fixed-income markets.

The deal is expected to enhance Schwab’s fixed-income capabilities and expand its approximately $90 billion in separately managed accounts. Also, the company will be able to meet increasing client demand for income in retirement.

However, the financials of the transaction have not been disclosed yet.

At the time of announcement of the deal, Rick Wurster, executive vice president of Schwab Asset Management Solutions, stated, “Wasmer Schroeder’s professionally managed portfolios and investment capabilities will help Schwab deliver on a wide range of

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Tributes paid after gaming star’s death

Tributes have been paid to video games streamer Byron Bernstein, known as Reckful, who died on Thursday.

Mr Bernstein was a well-known and loved e-sports player and had 960,000 followers on streaming site Twitch.

His brother Gary Bernstein confirmed that Reckful had taken his own life, aged 31.

Twitch said Reckful was a “streaming pioneer” and that it was “devastated” to hear of his death.

Mr Bernstein had built his following in part by playing World Of Warcraft.

When his death was reported on Thursday evening, fans held virtual memorials inside the game.

Before his death, he had been working to create his own video game, called Everland.

In January, he shared a video on YouTube in which he talked

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NC not doing enough to protect immigrant farmworkers from coronavirus, advocates say

Reported coronavirus cases are rising among seasonal farmworkers living in migrant worker housing, a group setting like nursing homes that the state is watching.

On Tuesday, 128 new COVID-19 cases across four farms were reported through June, according to the N.C. Department of Health and Human Services.

That was more than double the 49 cases previously reported by The News & Observer. They bring the total number of infected farmworkers living in the camps to 177.

Six farms had active outbreaks in June compared to five active outbreaks reported in May. DHHS defines an outbreak as more than two cases but is only reporting them at facilities with at least 10 residents.

The cases reported are among seasonal immigrant farmworkers from Mexico who come to work in the United States on a temporary visa and live in grower-provided housing. Other infected workers who live in private residences not on farm

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15 Hidden Fees To Watch Out For in Retirement

If you want to guarantee a happy, stable retirement, it’s important to start saving — and investing — now. Unfortunately, hidden fees can wreak havoc on even the smartest investment strategies. Along with consulting fees, you might find yourself dealing with fees to trade, fees to advise and even high taxes. Watch out for these 15 hidden fees so you can avoid wasting your money in retirement.

Last updated Jan. 20, 2020

1. Advisory Fees

While financial advisors need to eat and pay rent just like anyone else, the rhetoric they use to express how much you’re being charged might be hard to decipher. Advisors often talk in “basis points,” which simply means tiny fractions of a percentage point. For example, 1% comprises 100 basis points, and 50 basis points are equal to 0.5%.

Depending on your investment, advisory fees can be some of the highest fees you’ll pay.

How

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