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.
Fulltilt Poker Owed 20Million By Poker Pros
02/03/2012 : POKER PROS COULD OWE FTP AS MUCH AS $20 MILLION
Lawyer tells online poker publication that due diligence has unearthed some interesting debts
Significant sums of money - between $10 and $20 million - are allegedly owed to embattled Full Tilt Poker by poker professionals like Phil Ivey, Mike Matusow, David Benyamine, Erick Lindgren and others according to a lawyer involved in the acquisition of FTP by the French company Groupe Bernard Tapie.
GBT attorney Behnam Dayanim told the respected publication Poker News that the debts were discovered during GBT's due diligence procedures associated with the acquisition negotiations.
"The due diligence process has indicated to us, or resulted in us understanding that the financial situation of the company is worse than we had anticipated, and there are a few significant obstacles that we need to sort out in order to get to closure," Dayanim told Poker News.
“We do not want to litigate a whole bunch of individual cases against professionals post-acquisition so we are trying to negotiate but we have not been making a lot of progress."
The lawyer used a fruity analogy in clarifying the situation to Poker News, saying:
"The analogy that I like to use is that if you think of the target as a shiny apple. At the start of the diligence process, you expect that there are going to be some bruises on that apple, but after you finish your diligence, the problem here is that there are more and deeper bruises than we had anticipated. The professionals’ obligations to the company are a larger and deeper bruise than we had hoped, and we have had less success than we had hoped in trying to brush off that bruise.
"Is this the issue that the deal will turn? I can’t say that, but it is a substantial issue. Without resolving it, it’s difficult to see a path forward to completion."
Asked whether the players involved had responded to the indebtedness question, Dayanim said that he could not comment on individual cases, but made a general comment that reactions have varied.
"In some cases, professionals or their attorneys have responded to at least discuss the matter, while others have not. As of yet, with very few exceptions, none have expressed a willingness to resolve the matter. The reason for immediate attention has resulted in some encouraging signs, but we’ll have to wait and see."
The lawyer said that GBT was still involved in the due diligence process.
The full Poker News interview can be read here:http://www.pokernews.com/news/2012/02/groupe-bernard-tapie-attorney-ivey-benyamine-other-pros-owe-11939.htm
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
Gambling News :
William Hill Chairman Not Stepping Down -
There are no plans for Gareth to step down. He is leading the CEO search process, which is well advanced, and is working with Philip Bowcock to deliver the key priorities for the business.
Canadian Lottery Looking at Online Gambling -
The reaction of other provinces is not known, but the Newfoundland and Labrador government was apparently less than enthusiastic about the prospect, which it did not regard as a priority.
Red Riding Hood Online Slot Launched -
The game, which has already attracted much preview interest, is part of the developers Fairytale Legends series, which the company plans to expand with further titles in 2017.
Super Heroes Slot Launches -
When the feature is triggered, two of the heroes appear on each side of the screen to boost winnings. During free spins, heroes are triggered on every spin, with their super powers growing stronger each time.
Playngo in Deal With Betclic Everest Group -
Swedish online gambling games developer Play’n GO has signed an agreement with the Betclic Everest Group that will see its full suite of games rolled out across the French group’s online casino brands.
2016 Italian Poker Tour main event in Malta -
After besting a field of 775, many of them respected aces, Austrian poker pro Ismael Bojang claimed the main prize of Euro 101,940 over the weekend in the eighth edition of the Euro 1,100 buy-in Italian Poker Tour main event in Malta.
Betradar in Deal with OPAP -
Sports betting data and analytics provider Betradar has inked a live betting supply deal with the major Greek licensed retail and online gambling operator OPAP.
2016 888poker Make It Big Tournament -
A relatively unknown Hong Kong poker player, Ka Him Li (21), claimed victory after a two-way chop in the main event at the inaugural 888poker “Make It Big” live poker festival at the Aspers Casino in London over the weekend, earning the top prize of GBP 45,300.
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.