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The Offshore Wire Forum > Offshore Gambling Information > Offshore Sportbooks > Is this Royal's darkest hour ?   Forum Quick Jump
 
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Walk of Life
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   Posted 4/4/2005 6:27 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
Oh c'mon BBD... the man needs no strokes...tongue
 
Roberto:

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 much as I would like to go deep into the issue, I must admit I can't bust your balls over a non-disclosure contractual agreement.

Sad case what has happened at Royal, in my view it has been bad business decision, after bad business decision... one of top of the next one.

It's almost like a book could be written on how to kill a cash cow in 3 years and make money off of it. You will excuse my sense of humor, I've always been a prick.

I only hope the industry will still see one more bailout, this time by a company that won't be in need of being bailed out themselves, a couple of years after.
 
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bigboydan
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   Posted 4/4/2005 6:22 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
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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   Posted 4/4/2005 4:51 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
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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drunkguy
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   Posted 4/4/2005 4:23 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
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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Walk of Life
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   Posted 4/4/2005 3:39 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
Roberto;
 
It's a dark hour indeed. The publication of Tej owning Royal was a blow too severe to endure, even for Kevin.
 
In all seriousness I want to ask and with no intention of being caustic:

Why did you keep the fact that Tej had become part of the ownership of Royal?
 
As much as I understand, you were the one who set up the sale for Tej to come in almost 2 years ago. Why would you not mention it before, knowing exactly this was a time bomb? Did you not think that at the moment of this being brought to the public light, it would most definitely take Royal down in flames?
 
Will you now step up to occupy a prominent position in this bail-out scene? Very commendable if so, but why would you conceal information like this from the very players you will now try to help?   
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TOW
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   Posted 4/4/2005 3:22 PM (GMT -5)    Quote This PostAlert An Admin About This Post.
The unfolding of latest events may indicate this being the case. It is saddening to witness new slow pay reports increasing by the hour, embarassing to hear the sound of silence instead of the expected explanations from the book's management.
 
We cannot think of any logical explanation of what is going on in these hours. Our utmost concern goes to players funds. While certain of Royal's ownership financial reserves, the mounting problem doesn't seem to be adressed with the switness required by players' concerns.
 
Despite this gray scenario we have found new hope in learning that one of the most prominent offshore bookmakers is ready to save the book. His committment stands as the brightest of the stars in the darkest night.
 
We invite all owed players to post in this thread.
 
 
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