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Fantasy Aces Files for Bankruptcy, Can't Pay Players

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

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

Alarmingly for players, it seems pokies online free spins from the bankruptcy filing that the ongoing company is not able to pay a lot more than $1 million of players' funds, and so it has co-mingled customer money with its working expenses.

'The Fantasy Aces team truly regrets to announce that individuals aren't able to sustain our web site and business operations effective January 31st 2017, filing for protection under Chapter 7 bankruptcy law,' the business told its clients on Wednesday.

'After spending over a year trying to secure long-lasting capital, including recent negotiations with two notable organizations which subsequently neglected to shut, we are left having an unresolvable monetary burden. We have unfortunately exhausted every possible option that is financial no success,' the California-headquartered DFS company concluded.

Will Regulated Jurisdictions Prosecute?

Consumer protections therefore the need for operators to segregate player funds was a major driving force behind states using steps to regulate the DFS indust

The Mail Order Bride-to-be Irregular acting and also direction mar Charles Mee's terrific new stage show, inspired by Molière's The Fictional Invalid. First impressions aren't regularly ideal. The initial 10 minutes of Charles Mee's The mail order brides had me persuaded I...

North Korea Deals a Last Hand to Kim Jong Un's Casino-Loving Half-Brother, Assassinated in Malaysia

North Korean dictator and anti-gambling hardliner Kim Jong Un's more fun-loving half-brother Kim Jong-nam was headed to Macau, presumably for a gambling junket, when he was reportedly assassinated on Tuesday at the Kuala Lumpur International Airport in Malaysia.

North Korea's Kim Jong Un hasn't publicly addressed the assassination of his decade older half-brother this week in Malaysia, but all signs point to the dictator being involved in the murder. The brother, known to be a gambler, was headed to Macau when he was accosted by a woman and killed.

Though details of the murder are still developing, the latest reports claim two women approached the exiled North Korean, with one placing a cloth containing a suspected poison over his face. Jong-nam died on the way to the hospital at the age of 45.

Malaysian police say they've arrested one of the women, and note she's a 28-year-old holding a Vietnamese passport.

Heir Abhorrent

The oldest son of Kim Jong-iI, the notorious supreme leader of the Democratic People's Republic of Korea (DPRK), Jong-nam was well-known for leaning towards much-frowned-upon Western frivolities like casinos. None of that flew well with his famously harsh and merciless sibling-in-command.

North Korea has strict laws against gambling, as it does regarding any practice that might lead to a bit of fun or enjoyment for its citizens. There are, however, two casinos i

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