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League investigating players who made gaming investment

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By PFW staff

A group of at least 25 NFL players could face discipline from the league because of their investment with an Alabama bingo and entertainment operation. The league is investigating.

Jason Cole of Yahoo! Sports reported that players including Bengals WR Terrell Owens, Redskins WR Santana Moss and Jets WR Santonio Holmes could be forced to divest from the operation.

According to Cole, the players invested approximately $20 million total in a project now known as Center Stage, which was set to open late this month or in July. Boxer Floyd Mayweather already has asked for his money to be returned to him.

The project was shut down in February 2010. A source told Cole that the players are being told that "it's going to re-open."

Jeff Rubin, a financial advisor who represented around 60 players at one time, is trying to salvage the project.

"If it were to be determined that an NFL employee had made an investment in violation of league policy on gambling-related activities, that individual would be directed to withdraw the investment and it would be reviewed for potential discipline," NFL spokesman Greg Aiello said.

Aiello confirmed to The Associated Press that an investigation by the NFL is ongoing.

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