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Gambling Affiliates: CAP Fighting Continues
The affiliate marketing-oriented dispute over who has control of Casino Affiliate Programs surfaced again this week when competitor and chief exposer Gambling Portal Webmasters Association published seperate interviews with the two principle characters involved in the troubled companies, CEO Warren Jolly and isolated founder and President Lou Fabiano.
Little that is new emerged from the interviews; the bitter accusations and counter-accusations that have appeared on various online gambling message boards were repeated but are at least now on record in complete first-person interviews.
Fabiano appears to place most of the blame for the CAP crisis on Jolly, whilst Jolly admits to some of the charges - including lying about the controversial CardSpike issue that ignited the CAP meltdown - but says that Fabiano was a full and consenting party to most of the decisions reached at Affiliate Media Inc.
Nevertheless, the interviews make for interesting reading in terms of historical background to the Jolly, Lahoti and Fabiano interaction and certainly raise intriguing questions of apparently lax corporate governance and deeply disputed areas of executive responsibility and authority.
Subjectively speaking, it is difficult to envisage a corporate structure where a 30 percent partner can seize de facto control, transfer assets and millions in cash and isolate a 40 percent partner, all without some checks and balances kicking in. A continent may have seperated Fabiano in Florida from Jolly and the main office in California, but this should not preclude practical business precautions against a company being allegedly "hi-jacked."
Neither Jolly or Fabiano come out of the process looking good as the deceptions and poisonous corporate differences are once again aired in an affair that appears destined for an acrimonious court appearance. In fact Fabiano confirmed that, telling the interviewer: "I've retained counsel and I'm waiting to receive direction on this... So there are criminal and civil actions being pursued vigorously."
Perhaps the full story will only emerge in court in a case that continues to attract the attention of the industry.
In the meantime, affiliates are indicating that business continues at CAP with Jolly calling the shots and promising a fairer and more transparent and ethical approach to business. That must surely be a damage control priority for any company in this invidious position.
The formation of the Gambling Affiliate Programs body does not appear - at least publicly - to have progressed any further than the announcement that 60 programs intended to "take back control" of their affairs, and in any event this new industry player has shown few moves that would endear it to the affiliates themselves.
3 Top Bitcoin Poker Sites -
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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