New York, United States of America (USA)- Four-time Grand Slam singles champion, and the highest-paid female athlete, Naomi Osaka, has partnered with billionaire basketball sensation, LeBron James, to open a media company.
The media company, Hana Kuma, which translates to flower bear, in partnership with James’ SpringHill, and entertainment, marketing and products company, will produce stories that are culturally specific but universal to all audiences.
Speaking to New York Times, James said Osaka’s grace and power on and off the court made her a good match for SpringHill, which exists to empower athlete creators.
“We don’t take for granted the position we are in to lend a helping hand, in this case to Naomi, to help empower her to do even more great things,” said James.
The production company is the latest project from 24-year-old Osaka and her long-time agent, Stuart Duguid. The duo also have a sports agency named Evolve, which signed Australian tennis player Nick Kyrgios as the first member of their roster on Monday.
“There has been an explosion of creators of colour finally being equipped with resources and a huge platform. In the streaming age, content has a more global perspective. You can see this in the popularity of television in Asia, Europe, and Latin America that the uniqueness can also be universal.
My story is a testament to that as well. I am so excited about what we are building at Hana Kuma. We will bring stories to life with this goal in mind, to make unique perspectives feel universal and inspire people along the way,” said Naomi.
The first project with Hana Kuma credits will be a New York Times Op-Doc about Patsy Mink, the first woman of colour elected to Congress. Hana Kuma is also working on unspecified documentary content for Epix, a premium cable channel now owned by Amazon.
Vinclum cheat investors of $1.5m — with lure of $16m profits
Alleged Vinclum Corporation fraudsters conned their creditors of more than $1.5m, a sum which was to be used to leverage $16m in an investment scheme that never took place.
Robert Allen, then director of Vinclum Corporation, Toronto, together with Daniel Carrasco, Wojciech Karcinski (often referred to as Peter Karcinski) and several other individuals employed by the Vinclum Group, allegedly persuaded their investors to wire funds for the scheme.
Allen and his associates reportedly convinced one financial services director to part with an initial $250,000.00, which in several stages would eventually generate profits of $16m. A second party, acting on behalf of six clients, invested a further $1.25m in the scheme. The funds would be used for the purchase of DLCs (Documentary Letters of Credit).
A DLC is a frequently used banking instrument in international trade. It instructs an issuing bank to pay a seller, normally in connection with the export of goods, with the bank acting as an intermediary in the transaction. The holder may be able to borrow against a future payment, at a loan-to-value ratio of up to 50%. Allen and the Vinclum Group were said to have connections with international banks that would facilitate a legal scheme to exploit this instrument.
Under the scheme, when a $4m DLC was redeemed, it generated cash of $2m. These funds would be used to purchase a larger DLC of $32m, which would generate $16m in cash, which would then be distributed between the alleged fraudsters and the victims.
The victims wired the funds with the belief that DLCs would be bought and monetized. However no such DLCs were purchased in relation to the agreement, it is claimed.
Despite repeated requests, and assurances by the Vinclum Group that the funds would be returned, no refund has been received.
A motion for injunction has been filed to freeze the assets of the accused while fraud investigations are underway.
More Charges Dropped Just Days Before Trial Against Activists Who Exposed Animal Cruelty at Excelsior Hog Farm
What: Press conference & start of four-week trial for the Excelsior 4When: Monday, June 27, press conference at 9am, trial at 10am Where: BC Supreme Court, 32375 Veterans Way, Abbotsford, BC
Is The Canadian Online Gambling Industry Regulated?
Like in many western countries, gambling is a popular pastime for many Canadians. Throughout Canada’s evolution, it has strived to give its citizens the freedom of gambling across the provinces. Thanks to this, casinos in the country have grown and thrived over the years, from land-based casinos to the more modern online gambling sites.
Interestingly, government-sponsored sites have also joined the online trend. While other nations globally move from one extreme to the other in terms of their stand on gambling, Canadian lawmakers have generally used an even-handed approach despite the attraction of quick and easy money.
Generally, the country’s laws are flexible while simultaneously protecting the public’s welfare.
History of Canada’s Gambling Laws
The ‘90s marked a new age for the gambling industry in Canada because of the computer and internet boom. The first online casinos also launched during this era, and you no longer had to risk gambling in unlicensed casinos in Sweden if you could not access legal casinos. Avid gamblers could simply go online, although they were much fewer in number.
The first reason for this was only a few people owned computers. There was also a concern about the absence of online casino regulations. As the industry expanded, governments began establishing rules to control the sector. Today, traditional and online gambling is prevalent in the country since accessing casinos is much simpler now than before.
Is the gambling sector legal in Canada?
Online gambling had been illegal for years in Canada until quite recently. Now, it is legal in Canada in different forms. All the ten provinces and the three territories have the premise to set their own rules. The minimum legal gambling age in Canada is 19, apart from Alberta and Quebec, where players are only allowed to gamble upon turning 18.
All casinos, lotteries, racetracks as well as other gaming establishments must abide by the rules stipulated by their territory or province of operation. As previously mentioned, some forms of gambling are legal in parts of Canada and illegal in others. The country has two gambling laws; the First Nations Law and the Provincial Law.
The latter accords each territory or province control over gambling activities within its jurisdiction. Subsequently, some provincial laws are stricter than the federal regulations.
Today, many Canadians enjoy gambling online, from sports betting and live tables to traditional games like slots. Now that it is legal, you can safely access any reputable and legal casino online and physically.
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