If Noah Stephens-Davidowitz over at Subject Poker is to be believed Cereus’ liability to players far, far, far exceeds cash on hand. How far? Try $54 million in liabilities vs. $5M – $6M in cash.
When I came to Thailand a little over two years ago one of the biggest motivating factors in that decision was that I really didn’t see much going on in the industry that seemed especially meaningful or challenging that I hadn’t done before. So I decided to take some time off and take a step …
If Full Tilt’s response to the Phil Ivey lawsuit has done anything it is that it has made people hate Full Tilt even more. In just one paragraph Full Tilt has managed to obliterate their reputation in the industry. Sure, a lot of people were pissed at them before they got into a pissing contest …
Recently TonyG said on Quad Jack’s that the management team at Full Tilt Poker has to go. He said that Ray Bitar was the worst CEO in the industry. Actually he had far more racy words but suffice it to say that he doesn’t think too highly of how Ray Bitar has handled the Black …
Over the last couple of months since Black Friday Full Tilt has repeatedly stated that they can’t say anything due to the DOJ indictments. I partially addressed how odd this sounds in my post Full Tilt’s Money Woes. Full Tilt is acting like they have a gag order in place but none has been announced. …