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Calling In Fulltilt Poker Loans To Pros
Saturday August 4,2012 : CALLING IN THE FULL TILT POKER LOANS
Ray Bitar's spreadsheet on loans to poker aces could run into millions
In the wake of the Pokerstars takeover of Full Tilt Poker the story of generous loans made by the failed online poker operator to a number of high profile players/stakeholders...and when the new owner will call them in...is gaining traction in news media this week.
Groupe Bernard Tapie, the erstwhile front-runner to acquire FTP, revealed earlier this year that its due diligence checks had uncovered a number of generous loans totalling over $18 million that had been dished out to favoured players by FTP's CEO Ray Bitar.
Respected pro Barry Greenstein confirmed that he was one such recipient, and that he would be repaying the $400,000 he had been loaned once the ownership question was clear. Other recipients of Bitar's generosity were not so forthcoming.
The loans issue was further revitalised when it was revealed in recent documents pertaining to the Pokerstars takeover that Bitar had delivered up to Pokerstars an Excel spreadsheet detailing the disbursements.
Neither the amounts involved nor the names on the spreadsheet have been made public, but inevitably leaks have led to claims on poker message boards that top players like Phil Ivey, Mike Matusow, Erick Lindgren and David Benyamine are involved.
Leading message boards like twoplustwo sport long threads of mainly speculative posts regarding the FTP loans from ordinary players who have been waiting impatiently for payment for the past 15 months, and therefore have a lively interest in how FTP monies were spent... and how much will be recouped by the new owners.
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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