Federated Sports & Gaming files for bankruptcy

Federated Sports & Gaming files for bankruptcy

Thursday, 1 March 2012

Yesterday, Federated Sports & Gaming, the parent company of the Epic Poker League, filed for Chapter 11 bankruptcy, which means they hope to reorganise and keep their assests – namely the league itself and the Global Poker Index.

Jeffrey Pollack posted a letter on the company website, stating that “there is no easy way to say this but Federated Sports & Gaming filed for Chapter 11 bankruptcy.

“This reorganization filing is an important first step in that direction and our goal is to keep the Epic Poker League and all of our key initiatives – including the Global Poker Index, epicpoker.com, the Epic Poker game on Facebook, and the Heartland Poker Tour – moving forward with a continued spirit of innovation.”

Annie Duke sent a letter to all Epic Poker League players, explaining their intention to continue with season one of the league, including the promised million dollar freeroll. She did, however, say that there was no definite timescale for the events.

One man not surprised by events was Daniel Negreanu who Tweeted, "a poker world without Howard/Annie in it is definitely much closer to paradise. Time reveals the shady..."

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Tags: Epic Poker League, Jeffrey Pollack, Annie Duke, Daniel Negreanu