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Major League Baseball (MLB) is likely to review its stance on sports gambling, as Commissioner Rob Manfred continues their conversation on gambling.

Showing up this week during the Yahoo Finance All Markets Summit in New York City, Manfred said during a conversation titled ‚The Business of Sports‘ that his league is reviewing the pros and cons of sports betting.

‚Sports gambling occurs. Whether it’s legalized here or perhaps not, it’s happening out there,‘ Manfred explained. ‚Are we better off in a world where we have nice, strong, uniform federal regulation of gambling that protects the integrity of sports? Or are we better off closing our eyes to that and letting it get on as illegal gambling?‘

Manfred hasn’t wholly turn out in support of legalizing sports gambling, though his comments come close.

Super Opportunity

The sports betting debate that is legal been on the front pages thanks to last weekend’s wildly successful Super Bowl. Also President Trump joined the conversation, saying that he might ’sit down with all the commissioners . . . to get their input.‘

The big game that saw the New England Patriots top the Atlanta Falcons in dramatic fashion generated accurate documentation handle at Nevada sportsbooks. Americans pl (mehr …)

FantasyDraft will rescue the consumer balances for the stricken and bankrupt Fantasy Aces web site, its CEO announced on Monday on the RotoGrinders DFS forum.

FantasyDraft was in the verge of acquiring the site last month before it pulled out of the offer citing ‚issues identified during our due diligence.‘ It was a move that quickly propelled Fantasy Aces towards chapter 5 bankruptcy.

Bankruptcy filings quickly revealed the truth that is messy Fantasy Aces‘ situation: the company had unsuccessful to segregate player funds from its operational costs and owed its customers $1.3 million.

An account listed in the filings as ‚Players Account‘ included just $2,419. While the company listed assets of $1.8 million, that may be liquidated to pay creditors, it said it had liabilities of $2.96 million.

In quick, Fantasy Aces could not pay its customers.

99.6 Percent to Receive Money

‚As members associated with the DFS community focused on doing things the correct way, we feel that people need to do our component to safeguard the lifeblood associated with the industry, you, the players,‘ wrote Steve Krombolz, CEO and Co-Founder of FantasyDraft.

‚So, we have decided to obtain involved. (mehr …)

The Philippines is pushing forward with plans to tighten anti-money laundering (AML) controls in its casino sector.

The nation’s casinos, which are lightly managed by state-run operator-regulator PAGCOR, are exempt from the guidelines of its Anti-Money Laundering Act of 2001.

But the cyber heist regarding the Federal Reserve Bank of February this past year, drew the relaxed nature associated with the Philippine system to the globe’s attention and severely embarrassed the country, leading to urgent calls for modification not only from lawmakers inside the Philippines but in addition from the World Bank.

On 5th, hackers flooded the Fed Bank with requests for transfers totaling almost $1 billion from an account owned by the Bangladesh Bank and used by the government of Bangladesh february.

Around $101 million had been successfully withdrawn before suspicions were raised. Some $20 million with this sum ended up being quickly traced to Sri Lanka and recovered. The rest had been transferred to Philippine bank RCBC and, from there, $46 million found its method, via a remittance company, to the casino industry that is philippine.

Time for Change

Representative Ben Evardone, president associated with (mehr …)