Despite Annie Duke’s assurance that the filing of Chapter 11 by Epic Poker League’s (EPL) parent company, Federated Sports + Gaming (FS+G), is just a restructuring of its finances, information is coming to light showing that FS+G is in a lot more trouble than she is letting known. According to a report posted by Wicked Chops Insider (WCI), who obtained court records of FS+G’s bankruptcy filing, the company owes nearly USD $4 million to its creditors and there are over 100 of them listed.
As expected, this news caused a major spark on TwoPlusTwo forum with many players berating Duke for allegedly duping players, quickly comparing her to her brother Howard Lederer, who is currently in the hot seat for the Full Tilt Poker debacle.
Posters claim that FS+G was already aware that they were below the financial red zone in December, yet Duke led its members to believe that the reason for the rescheduling of the upcoming events was, instead, to accommodate players’ requests.
More fire was thrown into the pit when poster pacecar86 added a link regarding a court case filed between All In Poker Production, the parent company of the Heartland Poker Tour (HPT) and FS+G. To recall, FS+G acquired HPT in mid-June of last year.
It seems this relationship didn’t last very long because in late October, just four months after the acquisition, HPT filed a case against FS+G in a North Dakota District Court for non-payment. At this time, there are no details of whether or not the case is still ongoing or if it has been settled.
With all this new information, it will be very interesting to see how Duke can restore her reputation as well as EPL’s future in the poker community.
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