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Tobey Maguire settles poker lawsuit

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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Gambling News :

Fortuna Entertainment H1-2016 Numbers - Fortuna Entertainment, the Central and Eastern Europe-facing gambling group in the news earlier today with its platform deal with Playtech has posted its H1-2016 numbers, claiming improvements across core metrics.

TOnyBet Launch In Lithuania going Well - NYX Gaming Group Limited announced Thursday that it has launched its NYX Open Gaming System, or OGS, to TonyBet for the regulated markets of Lithuania, Estonia, Denmark and UK.

VGambling gets Licensed in Antigua - Antigua-licensed VGambling Inc has reported that it is well advanced in its preparations to launch into the online gambling market with a dotbet website that will also offer eSports gambling internationally, with the exception of the United States.

Esports Fan Base Grows Faster then DFS - The social following of eSports is now larger than the National Football League, National Hockey League, and Major League Baseball and trails behind only the National Basketball Association.

2 New PokerStars global live tours - Amaya Inc’s PokerStars has announced sweeping changes to its live event sponsorship roster with the consolidation of all existing live tours in to two new PokerStars global live tours, the PokerStars Championship event and the PokerStars Festival event.

UK Advertising Standards Authority Goes after Betstars - A banner on the home page of the complainant, and BetStars account holder, offered “Money back up to £/$/€10 if your first spin and bet loses. Bet now ...".

PariPlay third content supply deal in a week - Under the terms of the deal, Omnislots will integrate a full suite of PariPlay casino games, across mobile and desktop, boosting an inventory that already carries Microgaming, NetEnt, Amatic, Endorphina and BetSoft Gaming titles.

Fortuna Entertainment In Deal With Playtech - The Central and Eastern European online gambling group Fortuna Entertainment Group N.V. announced Thursday that it has signed a contract with online gambling software and games provider Playtech plc for the supply of a multi-channel betting and gaming platform.

2017 KPMG E-Gaming Summit - Held at the Villa Marina in Douglas and beginning at 9am, the event will feature over 30 expert speakers and panellists from the world of eGaming.

Jungle Jim Slot - Online gambling software and games provider Microgaming has announced that its latest online slot is ready for launch, a 5 reel, 25 pay-line game titled Jungle Jim.

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