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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
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 -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
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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