Posted: 6/16/2011 10:05:24 AM
Well, we finally did receive an update last night.
Nothing surprising here, but the deal we last heard was being negotiated several days ago is definitely dead as everybody suspected.
We were not given a reason, but since that deal is no longer an ongoing issue, I guess it is OK to mention that the partner in that failed deal was Heritage/Bet Horizon.
Since nobody will believe anything we say anyway, I suggest you ask them for any comment regarding the negotiations and what sort of deals were on the table and why it went sour.
To the guys at Heritage, who I like and was hoping would pull this off, I'm sorry for dumping this on you but unfortunately the situation is what it is.
Regarding any future deals, we are not absolutely clear on that situation either, but it was indicated to us that they have received legal advice to lay low for a little while, which is why they haven't been in contact recently.
The original idea was to make a quick and quiet deal for the players and try to keep the matter as below-the-radar as possible, so as to not insult the DOJ with whom they will be negotiating soon enough.
When that situation turned into a three-ring circus with maximum coverage on all sides, it was decided that proceeding down that path at this time would make matters even more public and therefore not be a smart legal move.
Personally, I would rather get a deal done now, but I'm not position to tell anybody to ignore their legal advice.
So... now we are officially in the waiting mode.
Hopefully once things die down a bit, maybe they can reach out to other potential partners, or maybe even begin negotiating with the DOJ to release the funds.
In the meantime, now we need to begin our campaign to pressure th American government to stop stealing the money of innocent American players.