Monthly Archives: February 2016

Dan Bilzerian in for $1.2 Million Cycling Prop Bet, Lance Armstrong Still a Wild Card

Dan Bilzerian, the part-time poker player with more than a few million in the bank, hit the headlines last week after a crazy prop bet between the Instagram King and hedge fund manager/venture capitalist Bill Perkins. The bet is for $1.2 million, and says that Bilzerian has to complete a cycling circuit from L.A. to […]

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Intertain CEO stepping down following independent committee report

Canadian online gambling operator Intertain Group is looking for a new CEO following the release of an independent review of the company’s activities.

On Monday, the Toronto-listed Intertain announced the completion of its Independent Committee review, which was launched following the December release of a report by “self-described short-seller” Spruce Point Capital Management.

Spruce Point’s report criticized lucrative incentive payments to Intertain’s two top executives and effectively suggested Intertain was a Ponzi scheme that was misleading shareholders regarding the company’s underlying performance and future earn-out obligations related to its numerous acquisitions. The report triggered a massive sell-off of Intertain shares, which lost one-third of their value before trading was temporarily suspended.

Intertain appointed an independent committee to investigate Spruce Point’s allegations, and announced earlier this month that the committee had found “no basis for concern” in the report’s claims.

Intertain CEO stepping down following independent committee report

Canadian online gambling operator Intertain Group is looking for a new CEO following the release of an independent review of the company’s activities.

On Monday, the Toronto-listed Intertain announced the completion of its Independent Committee review, which was launched following the December release of a report by “self-described short-seller” Spruce Point Capital Management.

Spruce Point’s report criticized lucrative incentive payments to Intertain’s two top executives and effectively suggested Intertain was a Ponzi scheme that was misleading shareholders regarding the company’s underlying performance and future earn-out obligations related to its numerous acquisitions. The report triggered a massive sell-off of Intertain shares, which lost one-third of their value before trading was temporarily suspended.

Intertain appointed an independent committee to investigate Spruce Point’s allegations, and announced earlier this month that the committee had found “no basis for concern” in the report’s claims.

Powerball prize reaches $236 million; Ohio Lottery results for Sunday

Powerball is making another run, with the jackpot reaching $236 million after no tickets matched the winning numbers from Saturday’s drawing. It remains a long way from the record $1.6 billion prize last month, but it’s still a hefty payday if someone hits on the next drawing, which is Wednesday.

Powerball prize reaches $236 million; Ohio Lottery results for Sunday

Powerball is making another run, with the jackpot reaching $236 million after no tickets matched the winning numbers from Saturday’s drawing. It remains a long way from the record $1.6 billion prize last month, but it’s still a hefty payday if someone hits on the next drawing, which is Wednesday.