Reply to thread

Message

[QUOTE="OzExorcist, post: 1942686, member: 23910"]
The amounts make Greenstein's loan look pretty trifling - Ivey reportedly still has millions in outstanding loans: [URL]http://www.subjectpoker.com/2011/07/ivey-benyamine/[/URL] (old story, but figures unlikely to have changed in the interim).

From what I remember reading direct from Barry and others at the time this story first broke, it sounded like it was mostly a convenience thing: it was just easier to "borrow" a few hundred thousand from the site owners rather than try to get that much deposited in any kind of hurry.
 
Personally I don't think there's anything wrong with the concept per se, provided it's done with the site's own money and not player funds like Full Tilt was obviously doing. B&M casinos do similar stuff all the time (whether it's really appropriate to hold B&M casinos and online sites to the same standard is another question, I guess).
 
As to why Full Tilt would [I]want[/I] to do it... who knows? I'm guessing they probably figured a guy like Barry (and others like Ivey - not so sure what they were thinking with Benyamine :P)was good for the money and they were happy to do what it took to stimulate nosebleed action on the site.
[/QUOTE]

Verification

Search

Reply to thread

About CardsChat

Our Community

Our Site

Follow us