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Trump Entertainment Settles With Betfair and Ultimate Gaming

Friday December 5,2014 : TRUMP ENTERTAINMENT SETTLING WITH ONLINE GAMBLING ASSOCIATES
 
Ultimate Gaming and Betfair named in court documents.
 
The bankrupt land casino owner Trump Entertainment Resorts has filed court documents announcing settlements with Betfair and Ultimate Gaming - two former partners in internet gambling ventures in New Jersey under the Trump Plaza and Trump Taj Mahal brands.
 
The documents indicate that Betfair - former partner in the Trump Plaza initiative - will retain the customer base data and will continue to hold a $700,000 unsecured claim against Trump Entertainment in its ongoing bankruptcy case.
 
It is not known what Ultimate Gaming received; it has claimed around $1.5 million from Trump.
 
Billionaire investor Carl Icahn, principle creditor for Trump Entertainment, has approved the settlements as part of a deal in which he will acquire the company in return for canceling $286 million of its debt that he holds.
 
However, that agreement is contingent on Trump Entertainment being awarded state and local tax breaks and the cooperation of a worker's union

When we went to press Friday there was no record of comment on the settlement by either Betfair or Ultimate Gaming.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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