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Former Party Gaming Founder Russel DeLeon in the News This Week

Wednesday February 18,2015 : FORMER ONLINE POKER MOGUL WITHDRAWS SUPPORT FROM ENVIRONMENTAL ACTION
 
Russel DeLeon pumped millions into court action against Chevron.
 
One of the founders of the Party Gaming online gambling empire, Russel DeLeon, was in the headlines this week after withdrawing his financial support for an environmental action against the Chevron oil company.
 
Bloomberg news service reports that DeLeon has accused the lead plaintiff's lawyer in the pollution case - now entering its third decade - of misleading him regarding the underlying facts.
 
DeLeon became involved in the case through the plaintiff's lawyer, Steven Donziger, a friend from his days at Harvard Law School, and started providing financial support in 2007. Bloomberg reports that over the next six years DeLeon ponied up around $23 million as the plaintiff and Chevron fought it out in legal exchanges involving very large sums of money.
 
A $19 billion victory for the plaintiff in 2011 was followed by accusations from Chevron that Donziger had been successful through "fraud, coercion, and fabricated evidence." The oil company launched an action against the lawyer in a New York federal court, accusing him of turning the environmental suit into a massive extortion scheme.
 
The oil company won the case in March last year, overturning the $19 billion benefits obtained earlier. Donziger has appealed this judgement, but his professional and financial supporters have been alarmed by developments and have in some cases distanced themselves from his efforts.
 
DeLeon is apparently the latest to do so, allegedly retreating under pressure from Chevron, which sued him personally in Gibraltar for allegedly financing the crooked legal campaign.
 
In a statement on the issue last month, DeLeon said that after reviewing the court's findings on Donziger's activities he has concluded that "representatives of the [Ecuadorian] plaintiffs, including Steven Donziger, misled me about important facts. If I had known these facts, I would not have funded the litigation."
 
It appears that DeLeon's generosity was not motivated solely by altruism; the report notes that in return for his financial support, DeLeon had been promised a 7 percent share in any benefits flowing from the case.
 
In his statement, DeLeon said: "I no longer seek or wish to receive any financial benefit from this matter, and I have therefore decided to relinquish my entire interest in the litigation to Chevron."
 
In return, the oil company agreed to drop its suit against DeLeon, who agreed to provide Chevron with information and documents related to the pollution case.
 
"We are pleased that yet another long-time supporter has ended his association with this scheme," R. Hewitt Pate, Chevron's vice president and general counsel, said in a prepared statement. "Chevron will continue to hold accountable those who associate themselves with this fraudulent litigation."
 
However, a spokesperson for Donziger said that DeLeon had only backed away from the issue under legal pressure from Chevron, has not "disavowed" the case and "...knows the charges against us are fabricated by Chevron."
 
The spokeswoman also intimated that DeLeon's percentage of the action could now be sold to other "investors" who believe Donziger's appeal could be successful.

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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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