The Offshore Wire Forum > Offshore Gambling Information > Offshore Sportbooks > Is this Royal's darkest hour ? |
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drunkguy
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Date Joined Mar 2005
Total Posts : 877
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Posted 4/4/2005 5:23 PM (GMT -4) |
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I believe this story was released by Sting/G911 years ago, either nobody cared then or nobody believed him
Roberto is also obviously in a conflict-of-interest situation if he was involved in the sale |
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TOW
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Date Joined Mar 2005
Total Posts : 1352
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Posted 4/4/2005 5:51 PM (GMT -4) |
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Explanation is very simple Walk. When documents were signed I was under a non disclosure agreement. Same as when I left on December 7th 2003. Obviously this requirement is no longer in place since the legal entity retaining the rights over non disclosure is in liquidation. As far as i am concerned I can attest that during the period August 2nd 2003 - December 7th 2003 ( while I was at the helm of the Company ) there were no slow pays and other creditors were current. |
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bigboydan
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Date Joined Mar 2005
Total Posts : 2845
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Posted 4/4/2005 7:22 PM (GMT -4) |
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well roberto, if anyone knows what the real story was back then and might be right now. odds are you would know better than the rest of us here or no ? |
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TOW
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Date Joined Mar 2005
Total Posts : 1352
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Posted 4/4/2005 7:40 PM (GMT -4) |
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Will,
I know you better than that. We may disagree at times but I know you're an honest reporter of what goes on in the industry and I'm honored to have you posting here.
I believe there has been a slight misinterpretation of the news posted on TOW earlier today. I would be more inclined to say that this scenario foresees a firesale, not a bailout. I am aware of the content of the offer, which is definitely not a bailout. The ball is in Royal's court. They have to decide what to do : stir the ship right, keep it this way or sell. Only time will tell what their decision will be. |
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TOW
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Date Joined Mar 2005
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Posted 4/4/2005 8:12 PM (GMT -4) |
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Drunkguy,
I honestly pray for an happy ending. Too many things going on behind the scenes at this point in time to predict which will be the final outcome. I have faith. |
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TOW
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Date Joined Mar 2005
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Posted 4/5/2005 4:59 PM (GMT -4) |
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Will,
I believe there is a major flaw in your question......let me say it this way : I've never seen the owner buying himself out.
To their credit I must report that they are trying hard to catch up on slow pays. Players are still very nervous but the fact that scattered payments are going out is a relief to many. |
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drunkguy
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Date Joined Mar 2005
Total Posts : 877
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Posted 4/5/2005 7:03 PM (GMT -4) |
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Bookmaking has always been an industry of TRUST between book and player
especially in the post-up era, when you are sending off your money before even losing it
That is where Royal is really screwing themselves here...I have to think that everything would have been a lot easy if they just said who owned the place right off the bat
Yes, you might have had some players leave because of that association, but guess what? Now they are gone anyway on the rumors, but now you are also losing a lot of other players who maybe don't care about ownership but want out because they are scared off by this whole debacle
we have Tej with "no ownership", "20% ownership", "full ownership", depending on who you talk to
If players can't trust them to be up-front about an issue like this, how are they going to trust them enough to send a few dimes to them, trust them to pay off large bets, etc?
never mind that whole gun issue, the "Showdown at the C.R. Corral" is more than enough to scare off the average joe. |
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TOW
Founder

      
Date Joined Mar 2005
Total Posts : 1352
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Posted 4/5/2005 9:06 PM (GMT -4) |
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Oldie,
I have edited a couple of words and the direct reference to a player you made in your post. Towforum doesn't appreciate useless conflicts between posters. We encourage factual discussions.
Remaining within the aforementioned domain ( facts ) I would invite you to be consistent with your private statements. Enough said. |
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TOW
Founder

      
Date Joined Mar 2005
Total Posts : 1352
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Posted 4/5/2005 9:14 PM (GMT -4) |
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Oldie,
I would like to build a place where serious discussions may take place in harmony, and I am certain you will be easily able to adapt to this simple rule. You can be a tremendous source of information given your direct experience with many books. Towforum wants the best Oldie can give. |
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sheva
Registered Member
       
Date Joined Mar 2005
Total Posts : 176
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Posted 4/6/2005 3:07 AM (GMT -4) |
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Well, if thats the way you act in forums, I suggest (in a friendly way) that you stay out of this forum. It is crearly not what Roberto whats in this forum, and this we/you have to respect.
Just my opinion, I have no personally problems with you what so ever! |
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slash
Dispute Arbitration Panel Member

      
Date Joined Mar 2005
Total Posts : 246
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Posted 4/6/2005 6:25 AM (GMT -4) |
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Shut up Old... Nobody gives a shit about your opinion anyway. Robbie from APEX is still a great guy, remember??? LOL |
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