Patriots Owner Robert Kraft Becomes Media Target in Casino Stock Ownership Investigation

Patriots Owner Robert Kraft Becomes Media Target in Casino Stock Ownership Investigation

New England Patriots owner Robert Kraft is the target of a new investigation posted to sports news siteDeadspinthat claims the billionaire is in violation regarding the National Football League’s (NFL) ownership policies due to his investment in a hedge investment.

New England Patriots owner Robert Kraft (seen here with President Donald Trump at an NFL game in 2012) is being accused by one reporter of violating the league’s ownership policy for keeping interests in Caesars.

Kraft, worth a predicted $5.1 billion according toForbes, has a small stake (by his standards) in Apollo Global Management (AGM). Per SEC filings, the Kraft Group CEO holds 267,240 shares of AGM, a publicly exchanged company, currently valued at around $7 million.

Since Apollo presently retains a 30 % stake in Caesars Entertainment, because well as jobs in UK betting house Ladbrokes and casino games manufacturer American Gaming Systems,Deadspinauthor Bart Hubbuch says Kraft is in breach associated with the NFL’s gambling policy. The League strictly forbids owners from directly having casinos or gaming businesses.

The hedge fund says Kraft has been a director of its company since 2014 on the Apollo website. The billionaire is listed alongside nine other directors and officers that are executive.

‘Holding that position would appear to be a violation that is clear of NFL’s gambling policy. While the policy allows for owne

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Chinese Ping Pong Legend Suspended Over Gambling Debts with Sands Casino in Singapore

Chinese Ping Pong Legend Suspended Over Gambling Debts with Sands Casino in Singapore

One of the maximum players in the history of ping pong found himself in the worldwide spotlight this week, not for his accomplishments in table tennis, but instead for his apparent failures at the tables in a casino.

Kong Linghui ended up being like the Michael Jordan of ping pong, a likeness even up to the point in gambling troubles that he allegedly got himself.

Kong Linghui, advisor of the Chinese women’s ping pong team, ended up being summoned on Monday to return to China just as the 2017 World Table Tennis Championships were getting underway in Germany. He has been suspended from the group in the wake of the scandal over gambling debts.

Kong, a 41-year-old champion that is former one of the greatest players in the history of the game, was called in a lawsuit filed in Hong Kong that alleged he stiffed the Marina Bay Sands Hotel and Casino in 2015 on almost $720,000 in markers.

Alleged Debts and Gambling Regrets

On Tuesday, Kong posted on Weibo, a popular Chinese social networking website, to explain that the debts weren’t his. He said the casino was visited by him in Lion City, Singapore, with friends and family, and utilized his credit line so they could play while he ‘sat and observed.’

‘It is only until today after media reports have exposed the incident that I have learned some one had left some debt unsettled with the casino,’ he said in a declaration (as translated by Google) on

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