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C.A.P. FOUNDER CONFIRMS SHAREHOLDINGS OF PARTNERS
The founder and major shareholder of Affiliate Media Inc., and Casino Affiliate Programs, Lou Fabiano, has issued a statement clarifying the ownership structure of the companies currently involved in the control dispute.
"Warren [Jolly] is 30% share holder. I own 40% and the third share holder is Raj Lahoti not Arjun Jolly," said Fabiano.
"Raj is not related to Warren though they have been acquaintances for years. Mr. Lahoti has no faith in Mr. Jolly’s management skills or the direction he has been taking the company and requested he be left out of the business completely and expressed an interest in selling his shares a few months ago," Fabiano added. "Unfortunately for all three of us Warren’s actions have greatly devalued the brand value of CAP and Affiliate Media Inc. and will continue to do so as long as he behaves as a thief and rogue rather than a business partner."
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Gambling News :
Pokerstars Bahamas Main and High Roller Results -
The inaugural PokerStars Championship Bahamas saw two big winners crowned this weekend when Christian Harder won the main event for $429,664 and Luc Greenwood took home $779,268 after taking down the $25,750 High Roller event.
High Hopes For Pennsylvania Online Gambling -
Pennsylvania state politicians have wasted no time in getting back to work in the new legislative season, and there is renewed hope for a gambling expansion bill that includes online gambling and daily fantasy sports.
NJ Warns No Federal Online Gambling Ban -
New Jersey Senator and gubernatorial candidate Raymond Lesniak warned that any attempt to overturn a 2011 Department of Justice opinion that the federal Wire Act exclusively governs sports betting would be met with a hard-nosed reaction from his state.
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