Last January, Federated Sports + Gaming entered the poker scene by launching Epic Poker Tour, a tournament series that attracts some of the world's best poker players.
Last Wednesday, a little bit more than a year after the launch of Epic Poker Tour, the company has announced on its website that it has filed for Chapter 11 bankruptcy.
In a letter posted on the Federated Sports + Gaming website[...] Read more » Creators of Epic Poker League files for bankruptcy
Joined: Apr '09
Location: Portugal
Age: 44 (M)
Posts: 4827
They announced bankruptcy but they want to keep this project alive so they are reorganizing themselves… Does this means there were problems between partners? Can’t find another explanation for this.
Joined: Aug '08
Location: Canada
Age: 43 (M)
Posts: 658
This League was the laughing stock of the poker world.
They blew thru all there sponsor money in guarantees and then promised to have a 1 million $ freeroll. Which is likely why they are filing for bankruptcy. Because some players qualified and they "rescheduled" the game but now they broke its def "rescheduled" for never. Some people think Annie Dukes business plan may have depended on Howie L to float her some cash to make this "league". Since she used her sponsorship money up on incentives maybe howie was gonna promote the freeroll? idk. All i know now is they think they gonna be rich as thieves pushing this crap on Facebook.
They lying scoundrels and lost alot of cred in the poker world when they went south with that freeroll. Guys were playing big events just to qualify and now have nothing but pee pee in hand...
Joined: May '08
Location: Lithuania
Age: 39 (M)
Posts: 10090
epic bankruptcy...probably mistakes were made in management level- really not a very epic league at all, not enough commercial interest in it, not enough publicity, questionable decisions (like the mentioned freeroll) i guess they just were epic managers...good luck anyway
Joined: Jan '11
Location: United States
Age: 59 (M)
Posts: 3361
I've always been a believer that a good, hard working management team that has established a good business plan and establishing goals that can be met one step at a time can run a profitable business. I'm not saying I could do it since it takes a team that's willing to sacrifice the first 5 years before anyone is allowed to live like they're wealthy then, you learn what one is entitled to. Hope you pull through it!
