Sunday, May 28, 2023

United States Imposes Additional Sanctions and Export Controls on Russia in Coordination with International Partners

In coordination with the G7, Australia, and other partners, the United States is imposing new sanctions today on Russia for its illegal war in Ukraine. Today’s actions implement new commitments made at the G7 Leaders’ Summit and demonstrate our shared resolve to hold Russia accountable for its mounting atrocities in Ukraine.  These sanctions also reinforce the commitment the United States and its partners have made to taking action against those who aid the Kremlin in Ukraine by circumventing our sanctions and export control measures.

As part of these actions, the Department of State is imposing sanctions on or identifying as blocked property over 200 entities, individuals, vessels, and aircraft.  Today’s actions include designations of targets across Russia’s defense and related materiel, technology, and metals and mining sectors.  Our actions also include the designation of entities and individuals involved in expanding Russia’s future energy production and capacity. And we are continuing to target entities and individuals that have engaged in the systematic and unlawful deportation of Ukraine’s children and the theft and transportation of stolen grain from Ukraine.

Today’s actions also include designations of an international network of entities engaged in the procurement of components for the Russia-based entity responsible for the manufacture of the Orlan drone, which Russian forces are currently employing in their illegal war against Ukraine, and the Russia-installed puppet authorities in parts of Ukraine’s territory.

We are taking these steps in coordination with further sanctions being imposed by the Department of the Treasury today and additional export control measures announced by the Department of Commerce. The United States will continue to stand with Ukraine for as long as it takes.

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The Department of the Treasury is imposing sanctions on over 120 entities and individuals, including dozens of third-country actors connected to sanctions evasion activities.  Treasury  also is issuing a new determination identifying the architecture, engineering, construction, manufacturing, and transportation sectors of the Russian Federation economy pursuant to Executive Order (E.O.) 14024 which authorizes sanctions to be imposed on any person determined to operate or to have operated in any of those sectors.  Additionally, Treasury is issuing a determination pursuant to E.O. 14071, prohibiting the exportation, re-exportation, sale, or supply, directly or indirectly, from the United States, or by a United States person, wherever located, of architecture services or engineering services to any person located in the Russian Federation, in alignment with G7 partners.  The Department of Commerce is issuing two rules to expand the territorial reach and categories covered by its U.S. export control measures and add 71 entities to the Entity List to prevent Russia from accessing goods key to the battlefield.  Commerce is also issuing joint alert with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) to urge continued vigilance by U.S. financial institutions against potential Russian export control violations. For more information on today’s actions, please see the G7 Leaders’ Statement on Ukraine, the Department of State’s fact sheet, the Department of the Treasury’s press release, and the Department of Commerce press release.

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KeyStar Corp. Receives Tennessee Sports Betting License

KeyStar's ZenSports platform approved by the Tennessee Sports Wagering Advisory Council to begin offering wagers in the State of Tennessee.

KeyStar Corp® (OTC: KEYR) has announced that it has officially received a sports betting license to begin operating its sports wagering platform, ZenSports, in the State of Tennessee. The go-live date for ZenSports in Tennessee is set for early June.

The Tennessee Sports Wagering Advisory Council unanimously approved the decision 7-0.

ZenSports' mobile platform offers a traditional sports book where customers can bet against the house, as well as a peer-to-peer sports betting marketplace. With ZenSports' peer-to-peer marketplace, customers can create their own bets with their own odds and terms. Peer-to-peer bets can be shared with friends or via the app's mobile two-sided marketplace, right from their phone.

For now, KeyStar Corp. submitted its current sports betting license application in Tennessee just for its traditional sports book, but will be submitting an application for its peer-to-peer sports betting marketplace soon, and hopes to have that approved for operations in Tennessee by later this year.

"We are beyond thrilled to be approved for our sports betting license in Tennessee," according to KeySar CEO Mark Thomas. "The Tennessee sports betting market is one of the top 10 in the country, and the Tennessee Sports Wagering Advisory Council has been an absolute pleasure to work with these past 3+ months during our application process. This is an exciting time for both KeyStar and the sports betting community in Tennessee."

Tennessee will be the first state that ZenSports goes live in. KeyStar expects to gain early market share with its simple-to-use platform, 24/7 customer support team, instant processing of withdrawals, and robust bonus structure that other sports books don't offer. 

"Initially, ZenSports will be able to gain market share with our unique product and customer experience, along with our loyalty and rewards programs," said Thomas. "After potential approval of our peer-to-peer sports betting platform later in 2023, we expect those P2P features will continue to set ZenSports apart from our competitors, and provide a unique offering to sports betting consumers in Tennessee that gives them the ability to create their own bets." 

Tennessee processed $392.7M in sports betting handle and generated over $45.5M in revenue in March 2023 alone, consistently ranking Tennessee in the top 10 out of 36 states with legalized sports betting.

ZenSports is available for download in the App Store (iOS) and the ZenSports website (Android).

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "seek," "believe," "estimate," "expect," "strategy," "likely," "may," "should" and similar references to future events or periods. 

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.


For press inquiries, please contact:

KeyStar Corp.

Mark Thomas

[email protected]

Contact Information:
Mark Thomas
Chief Executive Officer
[email protected]

Original Source: KeyStar Corp. Receives Tennessee Sports Betting License
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