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Now let¡¯s grapple with the cold, hard reality of trying to turn a profit. Assume a $1 bill represents each vertical ¡ª one for sports wagering, one for casino gaming. The industry standard hold for online sports wagering is 7%, which means our company will gain one nickel and two pennies for every dollar wagered on a sporting event on our site.

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Cheung¡¯s phone had substantial evidence to support online gaming activities via Universal e-City app found by the Macau police while investigating his phone. Cheung admitted he was ¡°not aware¡± of it, and the same was downloaded as requested by another defendant Si Tou Chi Hou.
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