Comprehensive Tilt CEO Ray Bitar in Ill Wellness and Near Destitute, Allen Cunningham Says

Comprehensive Tilt CEO Ray Bitar in Ill Wellness and Near Destitute, Allen Cunningham Says

Ray Bitar was forced to surrender $40 million after pleading guilty to charges related to his time as CEO at Full Tilt, but avoided a prison sentence that is harsh.

Poker pro Allen Cunningham says that former Comprehensive Tilt CEO Ray Bitar is struggling with health issues and hasn’t been living the life that is high all since his sentencing a year ago, despite what some poker fans may think. Those comments came into the middle of a forums thread discussing the main points of the assets that Bitar was forced to forfeit as part of his punishment for crimes regarding his time as head of the poker site that is infamous.

‘According to my sources Ray Bitar is unlikely to live no more than a couple years and is nearly penniless,’ Cunningham published in an answer the ‘conspiracy theorists’ who advised that Bitar faked his heart problems to get a more lenient deal year that is last. ‘He didn’t break free with anything. That should be worth more than a random nvger’s gossip when I had been member of group full tilt.’ [sic]

Guilty of Full Tilt Charges

Bitar ended up being sentenced April that is last to served after pleading guilty to costs of unlawful Internet gambling and conspiracy to commit bank fraud and wire fraud. That phrase additionally included the forfeiture of $40 million in assets that had been produced from his work at Full Tilt. At that time, Judge Loretta A. P Continue reading “Comprehensive Tilt CEO Ray Bitar in Ill Wellness and Near Destitute, Allen Cunningham Says”

Carl Icahn, Stephen Sweeney Go At It Over Atlantic City’s Gambling Future

Carl Icahn, Stephen Sweeney Go At It Over Atlantic City’s Gambling Future

Carl Icahn accuses New Jersey State Senate President Stephen Sweeney of selling out Atlantic City by supporting a north Jersey casino.

Business Carl that is mogul Icahn nj-new Jersey State Senate President Stephen Sweeney exchanged harsh words final Friday, with each accusing the other of selling out some portion of Atlantic City for their gain. The war of words started after Sweeney took part in protests with union employees from the Trump Taj Mahal, protests of which Icahn proved to become a target that is major.

Those protests were designed to fight back against a Trump Entertainment plan to break out of a contract and cut pensions and benefits for workers in order to cut costs and keep the casino open as we reported earlier this week.

The business states that the casino will have to close on November 13 unless many concessions are granted to it, including the cutbacks in worker benefits and $25 million in aid from the state, along with a tax assessment that is reduced.

Workers Blame Icahn

But Icahn became a major figure in the protests. The protesters demonstrated near the Tropicana, which is owned by a group led by Icahn, and numerous see him as the true threat to the benefits and wages made available from their current positions. In bankruptcy court, Trump Entertainment has required permission to turn its venue over to Icahn by converting the debt he holds in the company into ownership of the Continue reading “Carl Icahn, Stephen Sweeney Go At It Over Atlantic City’s Gambling Future”

Bet365 Online China Gambling Site Winning Big

Bet365 Online China Gambling Site Winning Big

Online wagering and gambling web site Bet365 is very active in Asia, despite the federal government’s attempts to block use of its skin sites.

Bet365 targets customers in China using a selection of methods designed to get around federal government restrictions here, claims a recent report by The Guardian. Based on that account, bet365 is the most successful online gambling companies in China, even though they don’t have any assets or presence that is physical the country.

It’s no secret that China is one of the most gambling that is lucrative in the globe. Its players from mainland China have helped make Macau the world’s biggest gambling hub, while wealthy Chinese VIPs help increase the bottom lines of gambling enterprises in Las Vegas and across the globe. But the government that is chinese a tight hold on what online gambling can be offered lawfully, with only a few limited bets being allowed.

Thriving in Market That Many Avoid

That doesn’t mean that some businesses won’t try to find their way to the market that is untapped nevertheless. While a few gambling that is major state they do not provide their services in China (the report specifically mentions William Hill, Ladbrokes, Betfair and Paddy Power as all saying they don’t take any wagers here), some do, and bet365 seems to be certainly one of the largest operators that are active in the Chinese Internet video gaming market.

‘There’s absolutely nothing the Chines Continue reading “Bet365 Online China Gambling Site Winning Big”

Alabama Bill Would Establish State Lottery and Legalize Casino Gaming

Alabama Bill Would Establish State Lottery and Legalize Casino Gaming

Republican Senate President professional Tem Del Marsh: ”Hundreds of Alabama dollars ‘re going to Mississippi, Florida, Tennessee and Georgia to play in their lotteries, their gambling enterprises,’ he says.

Gambling reforms are underway in Alabama as a result of the efforts of Republican Senate President Pro Tem Del Marsh, whose bill, SB 453, seeks to ascertain a state lottery along with legalize gambling at their state’s four greyhound tracks.

Del Marsh launched his push that is legislative just after research he commissioned himself concluded that gambling expansion could generate up to $400 million for the state.

The analysis, conducted by the Auburn University of Montgomery, additionally found that gambling expansion would create around 11,000 jobs in Alabama.

Del Marsh is promoting SB 454 as a viable alternative to the $541 million income tax hike proposed by Governor Robert Bentley.

‘ I say let the individuals of Alabama vote,’ proclaimed Del March. ‘The choice is obvious to me personally: would you like to raise taxes by $700 million or do require a lottery and casino gaming that will produce $400 million and create 11,000 new jobs without having to raise taxes? The individuals of Alabama should decide this concern for themselves, and nobody else.’

Alabama Dollars

The bill would see a lottery established by the newly-formed Alabama Lottery Corporation, plus the creation of the Alabama Lottery Continue reading “Alabama Bill Would Establish State Lottery and Legalize Casino Gaming”