03/04/2012 : EPIC LEAGUE FINANCES MORE STRAINED THAN AT FIRST THOUGHT (Update)
Court docuements indicate millions in debt
The Wicked Chops poker information site did some digging on the bankruptcy filing of Federated Sports and Gaming (FS&G) and its Epic Poker League over the weekend, unearthing court documents which indicate that the company is seriously indebted.
Creditors on a list of 118 include employees, production, marketing and publicity companies and the Disabled Veterans of America.
Wicked Chops reveals that there is an outstanding $2 million loan from Pinnacle Entertainment, along with $1.97 million still owed to All In Production (Heartland Poker Tour) for the remainder of their not-fully-executed acquisition.
FS+G had $15,000 in cash on hand when it filed for bankruptcy last Tuesday.