Epic Meltdown: Poker League Now $8 Million in the Hole
Published on:
Apr/09/2012
The disastrous Epic Poker League is sinking faster than the Titanic, minus the life rafts.
CardPlayer.com reports that EPL’s parent company’s bankruptcy filing lists liabilities of $8 million, not the $5 million previously asserted.
The company managed to earn just $37,052 in income over a 14 month period while racking up $7,892,242 in total liabilities, CardPlayer.com noted.
The league had entered into an arrangement with CBS Sports to televise the series of poker tournaments, however, the last leg was recently scrapped.
The Epic Poker League filed for bankruptcy protection during the final week of February.
- Aaron Goldstein, Gambling911.com
