Epic League finances more strained than at first thought

Filed under: Casino News |

Court docuements indicate millions in debt

The Wicked Chops poker information site did some digging on the bankruptcy filing of Federated Sports and Gaming (FS&G) and its Epic Poker League over the weekend, unearthing court documents which indicate that the company is seriously indebted.

Creditors on a list of 118 include employees, production, marketing and publicity companies and the Disabled Veterans of America.

Wicked Chops reveals that there is an outstanding $2 million loan from Pinnacle Entertainment, along with $1.97 million still owed to All In Production (Heartland Poker Tour) for the remainder of their not-fully-executed acquisition.

FS+G had $15,000 in cash on hand when it filed for bankruptcy last Tuesday.