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Category Archives: Gambling

Phil Mickelson once spent nearly $2M to pay off a gambling debt … – New York Post

GamblingBy Insolvency GuardianMarch 31, 2017

Pro golfer Phil Mickelson dropped a good five percent of his salary on gambling debts in 2012, it emerged in Manhattan federal court on Thursday. In Sept. 2012, Mickelson forked over close to $2 million for gambling debts to professional gambler Billy Walters, according to documents presented at Walters insider trading trial on Thursday. That…

Man guilty of murder in gambling debt case – Cincinnati.com

GamblingBy Insolvency GuardianMarch 27, 2017

Donald Dawson-Durgan(Photo: Provided/Hamilton County jail) A 39-year-old Forest Park man was found guilty late Monday of killing a man he worked for, in an incident prosecutors said stemmed from gambling debts. Prosecutors said Donald Dawson-Durgan was desperate for money in the days before he shot and killed 64-year-old Anant Singh last year. Dawson-Durgan helped Singh…

Mickelson to Take 5th If Called in Gambler Case, Lawyer Says … – Bloomberg

GamblingBy Insolvency GuardianMarch 27, 2017

Professional golfer Phil Mickelson wont be called to testify at gambler Billy Walterss insider-trading trial because hed invoke his Fifth Amendment right against self-incrimination, a defense lawyer told a judge. The disclosure came at a sidebar conference between lawyers and the judge as they discussed whether the golfer would testify. Mickelson has become a titillating…

Vegas gambling issues falling on deaf ears within NFL – NBCSports.com

GamblingBy Insolvency GuardianMarch 26, 2017

Getty Images When it comes to the potential practical consequences of putting a professional football team in Las Vegas, the NFL isnt completely ignoring the situation. It seems, however, that not nearly enough people are taking the situation as seriously as they should. Per a source with knowledge of the situation, some are indeed sounding…

Vegas Party Followed Plea Deal in Gambler’s Insider-Trading Case – Bloomberg

GamblingBy Insolvency GuardianMarch 23, 2017

A day after signing a plea agreement with federal prosecutors in New York last year, former Dean Foods Co. chairman Tom C. Davis went to Las Vegas to party. Davis is the governments star witness at the insider-trading trial of gambler Billy Walters. Walterss lawyer, Barry Berke, has spent more than a day grilling Davis, depicting him as…

Unemployed ex-gambling addict has £30k of debt but uses his benefits to splurge £2500 on washing machine and top … – The Sun

GamblingBy Insolvency GuardianMarch 23, 2017

TONIGHTS episode of On Benefits & 40 Grand In Debt sees an unemployed dad-of-three with £30,000 of debt decide whether or not coming off benefits is worthwhile. David, 29, from Hartlepool and girlfriend Rebecca have £30,000 worth of loans and bills to pay off, but half of their Job Seekers Allowance goes on paying off…

Even In Nevada, Get It In Writing May Not Be Far From The Mark: Desert Palace v. Michael – The National Law Review

GamblingBy Insolvency GuardianMarch 22, 2017

Wednesday, March 22, 2017 A recent ruling by U.S. District Court Magistrate George Foley, Jr. serves as a reminder the get it in writing tends to be good advice.  The case involves a casinos attempt to enforce a $3 million gaming debt incurred by one of its patrons.  This patron executed a credit agreement but…

Vegas Gambler’s Pal Recounts Innocent Start to Insider Plot – Bloomberg

GamblingBy Insolvency GuardianMarch 21, 2017

They were friends for more than 20 years, bonding over sports, golf, gambling and business. But now, former Dean Foods Co. chairman Tom C. Davis is telling a Manhattan jury a story that could send his former pal, Las Vegas gambler Billy Walters, to prison for almost a decade. Davis, 68, took the stand Tuesday and…

Pathological Impulsivity: Is a Drug the Reason? – Medscape

GamblingBy Insolvency GuardianMarch 20, 2017

Case Presentation A 30-year-old woman with a history of severe depression comes to the clinic with her family because of concerns about recent frequent gambling. The patient also mentions that she has severe credit card debt because of recent frequent online and outlet mall shopping binges. Before this year, she had not previously gambled. She…

Is any bet a sure thing under Irish gambling law? – Irish Times

GamblingBy Insolvency GuardianMarch 20, 2017

Irish law states very clearly that gambling debts cannot be enforced. The rule applies not just to gamblers seeking payment, but also to casinos, bookies and online gambling services seeking to collect debts. This was reinforced in a judgment at the Circuit Civil Court on Monday in which a casino was not compelled to pay…

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