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Caesars Entertainment Corp. Offers $4 Billion to CEOC Creditors, as Bankruptcy Drama Continues in Chicago

Caesars <a href="https://princebaitandmarine.com/caesars-entertainment-corp-offers-4-billion-to-87/#more-5073" class="more-link">Click here to read more »</a>

Gambling Lawsuit Dismissed Against American Pharoah Owner

Gambling Lawsuit Dismissed Against American Pharoah Owner

American Pharoah owner Ahmed Zayat ended up being relieved to have a lawsuit over gambling debts dismissed in federal court.

American Pharoah will run for horse race’s first Triple Crown in 37 years on Saturday, and his owner will have a way to enjoy it with no fear of a major lawsuit hanging over the proceedings.

A federal judge dismissed a $1.65 million gambling lawsuit against Ahmed Zayat, one which accused him of having run up those debts by betting on activities through an offshore casino.

Zayat stated that the lawsuit, brought by Howard Rubinsky, had been ‘a fraudulence.’

‘It’s total fiction,’ Zayat stated. ‘It’s a lie that is total. It is really a situation of blackmail by way of a unlawful.’

Statute of Limitations Exceeded

Those comments landed Zayat with a libel suit on the top of this gambling claim. But this indicates as though Zayat was ultimately vindicated.

According to United States District Judge William J. Martini, Rubinsky’s claim dated back to 2005, as he first hired an attorney and investigator in an endeavor to recover the debt. That designed that the lawsuit fell not in the six-year statute of limitations for the instance in New Jersey.

Rubinsky had hoped that Martini would rule that the situation had originated from 2008, when Rubinsky said he had received texting from Zayat promising to repay the amount of money he owed.

But, Martini ruled that it was clear in those text messages that Zayat wa Click here to read more »

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