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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.
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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