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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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Brewers Challenge Pirates for Wild Card -
The Pittsburgh Pirates are currently second in the National League’s wild card race, and they will challenge the third placed wild card contender, the Milwaukee Brewers (79-73), this weekend in a head-to-head series starting Friday. It won’t be easy as Milwaukee has been a mainstay atop the NL Central division until recently.
NJ SportsBetting Fee 0.25 percent fee on every bet placed -
In a letter written by New Jersey State Sen. Jim Whelan (D-Atlantic) and Assemblyman Vincent Mazzeo (D-Atlantic) to NBA Commissioner Adam Silver, a 0.25 percent fee on every bet placed and channeled to professional leagues such as the NBA, NHL, NFL and MLB was proposed.
Pokerstars Migrating To Pokerstars UK -
PokerStars.fr has notified UK customers of the migration of their accounts to PokerStars UK on October 1, 2014. This measure reportedly also applies to PokerStars.com accounts.
ECOGRA UPDATES SELF-REGULATORY REQUIREMENTS -
Independent online gambling regulatory adviser and testing agency eCOGRA, an organisation accredited by twelve different European regulatory jurisdictions, has announced the latest updates to its self-regulatory requirements
GBGC legal Challenge To UK Place of Consumption tax -
According to Olswang International legal firm, the Gibraltar Betting and Gaming Commission (GBGC) will have its legal challenge against the soon to be imposed UK Place of Consumption tax heard by the British High Court on Tuesday 23 and Wednesday 24 September 2014.
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