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E-processing whiz personal debts totaling over A$ 50 million
2/4/10 - The spectacular fall from grace of a high-living, 25-year-old Aussie e-processing whiz was in the Australian media again this week as it was disclosed that Daniel Tzvetkoff had declared bankruptcy in January 2010 with personal debts totaling over A$ 50 million.
The young businessman, once known for his Sydney mega-mansion and very expensive luxury cars, owes the funds to a handful of creditors including international Internet gambling giant, Kolyma Corporation, which has submitted its claim to Tzvetkoff’s bankruptcy trustee.
Tzvetkoff's BT Projects - now in liquidation -- is owed A$2 million, while a company titled Yellow Wattle is owed A$4 million, although there are reports of documents that show Yellow Wattle is owed A$38.46 million by BT Projects.
Tzvetkoff, who made millions through his internet billing company Intabill Inc, a subsidiary of BT Projects, now works as a consultant, and still resides in the Sydney mansion, bought through his company Asiana Holdings Pty Ltd for $27 million.
The company subsequently moved into receivership and the property, along with the unfinished house, was sold at a A$10 million discount.
Last month, Tzvetkoff said that his decision to file for bankruptcy was due to the 'mounting pressures' of legal costs relating to Supreme Court actions linked with the Intabill debacle, in which Kolyma Corporation is suing BT Projects, Tzvetkoff and his alleged partner Mr. Sciacca for A$52 million.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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