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Marc Lasry another US Gambling Bust Victim

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 :

$700K worth of Power Series Mega Sats every week - These amazing Power Series Mega Sats hit the partypoker lobby on Sunday 25th March so log in, buy-in and see if you can win one of the near $700,000 worth of tickets on offer this week.

Pinnacle Goes Live With Microgaming Quickfire - Founded in 1998, Pinnacle is a respected industry leader, delivering sports betting, casino and educational betting-related content to customers worldwide.

PokerLion Joins Microgaming Poker Network - PokerLion roars into life on the MPNís Indian Poker Network. Microgaming welcomes PokerLion to the MPNís growing Indian Poker Network.

Danske Spil Bingo Moves to Microgaming - The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.

Quickfire live on Strendus - Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.

$2 Million Added to partypoker Guarantees - Almost $2 Million Added to Guarantees During First Ever Super Sunday

Quickfire content live on BetatHome - Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.

Microgaming has donated £30,000 between four charities - Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.

Entertainment Betting Odds: 90th Academy Awards - The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.

New era of poker in Baltics with The Kings of Tallinn - The Main Event at the festival has already attracted big names like Juha Helppi and Kimmo Kurko. These two are Finlandís all-time poker tournament winners.

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