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Monday, November 28,2011 : SPIDEY SETTLES POKER LAWSUIT (Update)
Settling cheaper than fighting the case
Hollywood A-Lister Tobey Maguire has reportedly settled a lawsuit brought against him and others by the bankruptcy trustees of Brad Ruderman a hedge fund investor, who is currently in jail for a ponzi scheme.
Ruderman allegedly led High Stakes Texas Hold'em underground poker sessions, that included well known celebrity players Maguire, Nick Cassavetes, Leonardo DiCaprio, Ben Affleck, Matt Damon and Gabe Kaplan, losing millions of dollars of investor money.
Court documents indicate that Maguire has agreed to pay $80 000 of the claimed $311 000 in winnings to settle the lawsuit, noting that he had also lost $170 000 to Ruderman and although he "strongly disputes that he violated any laws, rules or regulations in regard to participating in the poker games", that fighting the case would prove to be more costly.
Fourteen of the twenty-two people named in the suit have reportedly settled their cases for a total of around $1.2 million.
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Yahoo Launches Texas Hold’em portal -
The online search giant Yahoo! has seized the initiative and launched a Texas Hold’em portal on its website, according to a report in the business publication Forbes.
GalaCoral and Inspired Extend Deal -
UK online and land gambling firm Gala Coral has confirmed that it has extended its licensing provision for virtual sports betting to its mobile offering following an agreement with Inspired Group.
Mega Gems Slot Launches -
Both Bejeweled and slot fans will be attracted to BetSoft Gaming's new 3D online slot, a five reel, 10 pay-line aesthetically appealing game they have titled Mega Gems.
Adam Silver speaks out About Online Betting -
Whilst most US national sports leagues appear to have their heads buried firmly in the sand when it comes to recognising the public appeal of online gambling and sports betting outside the restrictive Professional and Amateur Sports Protection Act, one executive stands out as a realist....Adam Silver of the National Basketball Association.
Pokerstars Fucking Over Players With Increased Fees -
#pokerstars #poker Further revving up players already concerned about the imposition of margins on foreign exchange financial transactions , online poker giant Pokerstars announced hikes in rake and tournament fees Thursday.
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