Action 24\/7<\/a>, currently has its license suspended since Thursday after lottery officials became aware of numerous deposits made to the sportsbook using stolen credit cards.<\/p>\nDanny DiRienzo, who handles sports betting investigations for the lottery, told TELC officials that the sportsbook representatives did not report the suspicious activity for more than a week after they first detected it. DiRienzo said the lottery learned about the matter on March 17.<\/p>\n
Initially, the sportsbook reported on its Twitter feed that its site was shut down for maintenance. However, on Friday, it posted a statement on Twitter criticizing the lottery\u2019s action.<\/p>\n
The sportsbook has come under fire from state officials because of connections to Advance Financial, a lending company. Advance, according to its website, offers short-term \u201cflex\u201d loans at annual interest rates of 279.5 percent. In January, lottery officials approved Advance Financial locations to serve as places where bettors could deposit money into their Action 24\/7 account.<\/p>\n
Tina Hodges\u2019 LinkedIn page shows her as both the president of Tennessee Action and CEO of Advance Financial.<\/p>\n
Last month, two Tennessee state senators filed a bill that would prohibit such practices. Senate Bill 1029<\/a> is scheduled for a hearing in the Senate State and Local Government Committee next Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"For the second time in less than a year, the Tennessee Education Lottery Corp. is looking for a new sports betting director. A spokesman for the lottery confirmed to Casino.org Tuesday that Danielle Boyd is stepping down as its vice president of sports gaming operations. Danielle gave notice on the 16th for another opportunity, and […]<\/p>\n","protected":false},"author":45,"featured_media":168319,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13699,1074],"tags":[],"acf":[],"yoast_head":"\n
Tennessee Lottery Sports Betting Executive to Leave Next Week<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n