No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
Intrade liquidation 50 Cents on the Dollar
Saturday April 6, 2013 : BAD NEWS FOR INTRADE PUNTERS
Just 50 cents on the dollar offered to ward off liquidation.
The financially troubled betting firm Intrade, which served as a predictions platform for elections and non-sports-related events before coming short amid allegations of financial irregularities and suspicious multi-million dollar payments to deceased founder John Delaney now faces liquidation, according to a report Friday in the New York Times and Bloomberg business news.
A month ago Intrade halted trading and froze the client accounts on its books.
In an attempt to salvage the company, Intrade director Ronald Bernstein has now apparently communicated with the firm's clients revealing that the current shortfall in funds on the books is $700,000.
He has proposed that those owed accept 50 cents in the dollar immediately, based on their currently frozen accounts, waiving the balance and accepting the company's rather nebulous assurance that every effort will be made to ensure they are full compensated at an unspecified date in the future.
Bernstein claims that the shortfall resulted from unspecified actions by two other parties, whom he did not name.
“We are now very confident about the reasons which caused the current circumstance of the company; however, for legal reasons we are not yet at liberty to document them to you,” Bernstein write in his communication.
“I can confirm that the company, if it is able, intends to vigorously pursue two substantial monetary claims against two distinct parties for an aggregate amount greater than $3,500,000.”
Clients are faced with a rather stark choice; Bernstein says: “If the company is not able to rectify this cash shortfall position very quickly, the company will become insolvent and therefore is very likely to go into liquidation.”
The 14-year-old Intrade web site functioned as a gambling hub for both professional and amateur investors, letting customers buy and sell contracts tied to the outcome of a future event. It had often been cited for its predictive abilities on matters ranging from the outcomes of American presidential elections to the probability of developments like an Israeli airstrike against Iran.
Last month, the company announced that it had halted trading after auditors found potential financial irregularities involving more than $2.6 million in payments to Intrade’s founder, John Delaney, and other unnamed third parties. In 2011 Delaney passed away in an attempt to reach the summit of Mount Everest.
Intrade also found itself under fire from the Commodity Futures Trading Commission in the United States, which filed a complaint accusing the company of offering contracts outside traditional exchanges and without regulatory approval, and of filing false forms with regulators.
Thus far Bernstein has managed to persuade Intrade's 40 largest clients to opt in to the 50 percent deal; the rest of the client list has until April 9 to decide, and in the interim Bernstein is in discussions with other parties who may be prepared to make investments and assist in keeping Intrade alive.
Gambling News :
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.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.