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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.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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