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Intabill Crashes Owing 80 Million
The meteoric rise and fall of high-living Australian financial entrepreneur Daniel Tzvetkoff is being recorded this week in the Australian media as news breaks that his BT Projects (Pty) Ltd firm has been placed into liquidation owing a stunning A$80 million in debts.
Twenty-five-year-old Tzvetkoff, who at his peak was worth about tens of millions of dollars, watched helplessly as his company was placed in voluntary liquidation with KordaMentha's John Park.
The move means Tzvetkoff's corporate empire in Brisbane has collapsed. His Intabill company, a subsidiary of BT Projects, has sacked its workforce, the head office has gone and Tzvetkoff's range of exotic cars have been sold. The young entrepreneur's luxury Gold Coast home, bought for $29 million, is reported to be on the market, too.
Australian reports indicate that in April, Intabill laid off 96 employees with Tzvetkoff blaming market conditions and increased loan funding costs. Now all staff have gone. All staff entitlements, including superannuation, are believed to have been paid.
Tzvetkoff's downfall came about as a result of large debts to US online poker houses, the Courier-Mail newspaper reports. Four major international online poker houses – Full Tilt Poker (Kolyma), Poker Stars, Absolute Poker and Golden Poker – are thought to be owed about A$80 million.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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