Fantasy Aces Files for Bankruptcy, Can’t Pay Players

Fantasy Aces Files for Bankruptcy, Can’t Pay Players

Fantasy Aces’ situation appears to be alarming for its customers who are unable to withdraw their funds. If the stricken company has co-mingled clients’ funds with running costs, then the states that have regulated DFS have a duty to prosecute.

Daily fantasy sports (DFS) operator Fantasy Aces filed for bankruptcy this week after having a last-ditch rescue attempt by competitor Fantasy Draft fell through.

Alarmingly for players, it appears from the bankruptcy filing that the ongoing company struggles to spend a lot more than $1 million of players’ funds, and that it has co-mingled customer money with its running expenses.

‘The Fantasy Aces team truly regrets to announce that we aren’t able to sustain our web site and business operations January that is effective 31st, filing for protection under Chapter 7 bankruptcy law,’ the business told its clients on Wednesday.

‘After spending over a year trying to secure long-term capital, including recent negotiations with two notable companies which subsequently failed to close, our company is left by having an unresolvable burden that is financial. We have unfortunately exhausted every feasible option that is financial no success,’ the California-headquartered DFS company concluded.

Will Regulated Jurisdictions Prosecute?

Consumer protections additionally the significance of operators to segregate player funds was a major driving force behind states taking actions to regulate thContinue reading

Atlanta Casino Drive Gains Powerful Lobbyist, Golden Nugget Owner Ready to Bet on Georgia

Atlanta Casino Drive Gains Powerful Lobbyist, Golden Nugget Owner Ready to Bet on Georgia

Two identical Atlanta casino bills have actually been introduced to both chambers regarding the state’s General Assembly, and gambling organizations across the nation are readying for the fight that is legislative hiring high-profile lobbyists.

It is tough to find fertile non-gaming regions in the US, specially in major metropolises. An Atlanta casino bill seeks to bring gambling that is land-based Georgia, much to the delight of billionaire Tilman Fertitta.

Probably the most name that is recent join the push for casinos in Georgia is former Mississippi Governor Haley Barbour. The Republican whom served two terms leading The Magnolia State has filed lobbyist paperwork in Atlanta to represent the interests of Las Vegas-based Wynn Resorts.

Barbour joining the discussion is essential due to play australian pokies online free his friendship that is long with Georgia Governor Nathan Deal (R). State lawmakers have actually been pressing to legalize gambling that is commercial Georgia for more than a year in order to increase tax revenue.

Deal has opposed such legislation in the past, but recently hinted he’d be open for a discussion should the casino law mandate that most the profits help education, plus the impact wouldn’t directly hurt hawaii’s lottery system.

The Peach State sold $4.556 billion worth of lottery tickets in 2016 though Georgia doesn’t currently have land-based tribal or commercial gambling, nor pari-mutuelContinue reading

William Hill Brings Pari-Mutuel Betting Play Free Pokies Online to Horseshoe Council Bluffs Casino

These utilized to guide away from any association with gambling, lest their reputation had been marred. Swedish activities betting and casino operator, Cherry AB revealed today it promises to unify its iGaming catalog underneath the newly-acquired ComeOn! brand. The venue shall be William Hill’s 109th location across Nevada. Being one of the biggest British gambling operators, William Hill’s operations are definately not focused play free pokies for fun solely to its homeland. The 2 operators planned to complete the wagering that is special ahead of the Kentucky Derby, a promise they was able to fulfill.

A special area that is simulcasting been built beside the property’s casino flooring. Holmgren’s decision ended up being welcomed by Jonas Wahlander, Chief Executive of the Malta-based online gaming operator. The free games pokies operator that is maltese-based award-winning B2C propositions and solutions within a number of different sectors of the online gaming industry, including various pokies for free sports betting, lottery, poker and casino items.

As announced, it features two movie walls and an activities club. The organization entered the not a lot of US market that is betting mid-2012 by buying three sportsbook brands in Nevada, the sole United States state where full-scale sports betting is legal. Pari-mutuel wagering is one of the few kinds of wagering permitted in states across the nation. An agreement was reached that no other brand name alternative was as much as par with ComeOn.

Him being during the nation’s helm is seen by many being a silver liner for the recreations betting push. William Hill has additionally established recently so it would expand the launch to its Nevada operations of some other recreations gambling location. Cherry AB ended up being created in 1963 and it is among the fastest grContinue reading