FantasyDraft Bails Out Fantasy Aces, Will Pay Player Balances

FantasyDraft Bails Out Fantasy Aces, Will Pay Player Balances

FantasyDraft will rescue the client balances associated with the stricken and Fantasy that is bankrupt Aces, its CEO announced on Monday regarding the RotoGrinders DFS forum.

FantasyDraft CEO Steve Krombolz stated his company is stepping in so that they can save the ‘lifeblood of this industry.’ The vast majority of Fantasy Aces customers will be paid in money, while larger balances are topped up with FantasyCash.

FantasyDraft was in the verge of acquiring your website month that is last it pulled out of the offer citing ‘issues identified during our homework.’ It in fact was a move that quickly propelled Fantasy Aces towards chapter 5 bankruptcy.

Bankruptcy filings soon unveiled the truth that is messy Fantasy Aces’ situation: the organization had failed to segregate player funds from the operational costs and owed its customers $1.3 million.

An account listed in the filings as ‘Players Account’ included just $2,419. Even though the ongoing business listed assets of $1.8 million, that may be liquidated to pay creditors, it also said it had liabilities of $2.96 million.

In short, Fantasy Aces could not pay its customers.

99.6 Percent to Receive Money

‘As members regarding the DFS community committed to doing things the right way, we feel you, the players,’ wrote Steve Krombolz, CEO and Co-Founder of FantasyDraft that we need to do our part to protect the lifeblood of the industry.

‘So, we’ve decided getting involv Continuer la lecture de « FantasyDraft Bails Out Fantasy Aces, Will Pay Player Balances »

Raiders Were ‘Picking Adelson’s Pocket’ Through Stadium Deal, Says Spokesman

Raiders Were ‘Picking Adelson’s Pocket’ Through Stadium Deal, Says Spokesman

Sheldon Adelson withdrew a $650 million commitment to help build a stadium in Las Vegas for the Oakland Raiders after becoming frustrated with all the team’s overreaching needs and mixed signals towards him during negotiations.

Mark Davis and Sheldon Adelson, pictured here in happier times, are no further working together on the $1.9 billion ‘Las Vegas Raiders’ stadium project. Adelson spokesman Andy Abboud had some harsh words for the Raiders this week.

This is based on Andy Abboud, vice president of federal government relations and community affairs for LVS.

Abboud told the Las Vegas Review-Journal, a magazine owned by his employer, Adelson, that the straw that is final if the Raiders took a proposed stadium rent contract to the nevada Stadium authority without informing the Adelsons.

The lease made no mention of this Adelsons as being a partner, a turn of activities Abboud describes as ‘stunning.’

‘I’m still trying to puzzle out just what the hell these were thinking,’ Abboud stated. ‘Had they told anybody in advance in the offer anymore,’ should they had shown anybody that’s been taking part in this technique at all that document, we would have said, ‘What within the hell have you been thinking? that they were going to dump that document, even when that they had told us, ‘We don’t desire you »

Commitment Dilemmas

Four days after the meeting with the authority, on January 30th, Adelson pulled t Continuer la lecture de « Raiders Were ‘Picking Adelson’s Pocket’ Through Stadium Deal, Says Spokesman »

Brandon Steven, 2010 WSOP Main Event Top-10 Poker Player, Subject of Federal Investigation

Brandon Steven, 2010 WSOP Main Event Top-10 Poker Player, Subject of Federal Investigation

Kansas businessman and well-known poker player Brandon Steven is under surveillance by the US Department of Justice (DOJ), and he apparently wants the world to know about it.

Millionaire Brandon Steven is one of the best poker players who doesn’t consider it his profession, but his casino and gambling activity has now put him at the center of a DOJ probe.

Media outlets in Kansas have published a letter this week provided by Steven that clearly shows his involvement in a federal investigation. According to the document, the DOJ’s District of Kansas office revealed to the businessman that a telephone line he’s been utilizing was wire tapped for 30 days between May 14 and June 13, 2015.

Steven says the federal probe relates to his involvement with trying to build a casino in southeast Kansas, as well his routine playing of high-stakes poker. He explained to the Wichita Eagle that he’s fully cooperating and has committed no wrongdoing, nor have any charges or allegations been levied at him.

Steven is certainly no stranger to the poker circuit. He’s amassed over $3.1 million in live tournament earnings since 2006, and finished 10th at the 2010 World Series of Poker (WSOP) Main Event for a win of $635,011. His distinguished poker resume includes 14 WSOP cashes.

No Crime Committed

The DOJ letter doesn’t assert any criminal misconduct, but simply informs Steven that he’s been watched.

‘This notice Continuer la lecture de « Brandon Steven, 2010 WSOP Main Event Top-10 Poker Player, Subject of Federal Investigation »