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Marc Lasry another US Gambling Bust Victim
Friday April 26, 2013 : NEW YORK GAMBLING RING BUST CLAIMS ANOTHER VICTIM (Update)
Billionaire hedge fund manager declined ambassadorial appointment due to links with defendant
The New York Post reported Friday that billionaire hedge fund manager Marc Lasry has turned down a US ambassadorial post in France due to his association with an allegedly Russian organised crime gambling ring busted by federal agents last week.
Lasry manages the $12 billion hedge fund Avenue Capital, and is reportedly a friend of one of the major figures in the gambling bust, Illya Trincher, who was arrested with 34 others on a variety of charges arising from high stakes poker games and internet sports betting activity.
A source told the newspaper that Lasry had turned down President Obama's ambassadorial invitation shortly after the White House asked the FBI to investigate whether Lasry had any ties to criminal enterprises. During the probe, the FBI uncovered Lasry's penchant for high-stakes poker games, according to sources.
"Marc Lasry is a big-time gambler, in golf and poker. He's a 'master of the universe' type," a source told the Post. "It's not that he committed a crime, but it opens a can of worms."
Lasry, a long-standing Democratic Party supporter and fund raiser, apparently told investors in a letter this week that he had turned down the appointment but was grateful that he had been considered.
Back in 2011 Lasry and casino and hotel mogul Donald Trump were reported to be in talks with gambling companies with a view to starting an online poker enterprise. The talks did not appear to bear fruit and speculation died in 2012.
Gambling News :
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
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PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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