Sources say the federal probe is examining the possibility that current or former Las Vegas hotel employees acted as agents in the betting network, or paid off their own personal gambling debts to Nix with casino resources.
The shakeup comes six weeks after DailyMail.com reported that federal agents from California had visited Resorts World in connection with their widening probe of an illegal sports betting ring that catered to MLB and NFL players.
A big thank you
While on the subject of the Lake District, a big thank you to Margaret Dawson who helped me out of a scrape eight days ago - not once but twice. First, she kindly offered me and two other travellers a lift to Windermere when our connecting train from Oxenholme was cancelled.
It invests in listed companies operating out of some of the world's most embryonic economies - in many cases countries that have not quite yet made it to emerging market status. Its biggest country holdings are in Saudi Arabia, Indonesia and Thailand.
Robert, from Newarthill in Lanarkshire, says it was heartening to see so many banks grace the town's high street - given the large-scale closure of branches over the past couple of years (1,150 and rising).
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After the 2008 financial crisis, the fund he ran at the time (L&G UK Alpha) also outperformed over the next two and a bit years, delivering a return of 173 per cent compared to the average for rivals of 85 per cent. Although the past is no indication of the future, Penny says the upside potential in the next 18 months to three years is tremendous, with three-figure returns possible.
Bank branches can prosper and Penrith is proof!
Reader Robert Wilson has just come back from a rather splendid holiday in Keswick, Cumbria. Although blown away by some of the Lake District scenery, the 76-year-old former local newspaper editor was also taken aback by the vibrancy of nearby Penrith's high street, above.
'What goes around comes around,' she said, thanking me for the anthurium plant I had bought for her by way of appreciation from the garden centre opposite my B&B. Do unto others as you would have them do unto you.
'I was pleasantly surprised,' he told me last week. 'I expected to see the odd branch with a 'for sale' or 'to rent' sign outside. But nothing of the sort.' He now wonders whether it is the UK's most bank and building society-friendly town.
Penny says running a UK investment fund, holding a heavy dose of small to medium-sized companies, has been a challenge in the past couple of years. Investors have been net sellers of the market, depressing share prices, especially among smaller and mid-cap companies.
It has no deposit bonus instant access cash Isa, a staple financial product. Customers wanting a cash Isa must instead either opt for a fixed-rate offering, or a restricted access account that can only be managed online. It also offers no business banking - a bugbear with many small firms when the society is the only remaining financial institution in town.
Nevada gaming laws prevent casinos from working with any convicted illegal gambler. The Nevada Gaming Control Board said in February that Sattler's allegations were unsubstantiated, and cleared Sibella of wrongdoing.
But his view is that at some stage, the tide will turn - and when it does the share prices of many stocks outside the FTSE 100 will bounce back spectacularly. If so, his patience (and that of his fund's investors) through the tough times will be rewarded.
It means an eclectic portfolio that embraces the likes of Shell and Barclays as well as more exciting stocks such as Alternative Investment Market (AIM) listed leisure company XP Factory and financial tech specialist FD Technologies.
'So look at this, nobody wanted to believe me, and look what happened,' Sattler told DailyMail.com in a text message. 'This piece of s**t is out on the streets, and Resorts World needs to issue a public apology to me.'
Federal agents are specifically looking at allegations that employees used comps and promo chips to pay off personal gambling debts to Nix, the Nevada Current first reported, and sources confirmed to DailyMail.com.
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