The owner of the US-based Epic Poker League, Federated Sports and Gaming, is committed to finding a “constructive way forward” after filing for Chapter 11 bankruptcy in February.
The company, which launched the league last year at the Palms casino Resort in Las Vegas and is led by former World Series of Poker commissioner Jeffrey Pollack, announced that it had filed for reorganisation, stating that it aimed to move forward with the league and its other initiatives. Among these are the Global Poker Index, epicpoker.com, the Epic Poker game on Facebook and the Heartland Poker Tour.
The company said it would most likely accomplish this by entering into an agreement with another firm that “shares our passion and vision” – a process that it had already begun before initiating the filing.
However, an article by Card Player last week alleged that the company’s reoganisation plans had been rejected by the bankruptcy court. This was something the company strongly denied, stating that the article was “inaccurate” and that no reorganisation plan had been rejected.
It also said that Epic Poker had not “shut its doors,” as was claimed in the article, and that its top executives were not receiving any compensation.
“We continue to be focused on finding a constructive way forward and will provide an update to the community about our progress once we have substantive news to share,” the company said.
Federated Sports and Gaming said it was its intention to complete Season One of the Epic Poker League but could not say when event four or the Season One Championship would be staged.
