Plum TV Exec to Pay $1.2 Million Debt

Written by:
Aaron Goldstein
Published on:
Mar/23/2011
Jerry Powers

Following much press, a Plum TV executive has said he will drop a case he has against Connecticut’s Mohegan Sun.  Jerome “Jerry” Powers was appealing a decision by a state court ruling he must pay a $1.2 million gambling debt.  Powers attempted to fight the ruling with a claim that a state court could not make decisions involving sovereign nations.   

The New York Post broke the story earlier Wednesday that Powers would pay the monies owed.

Originally he claimed that the casino extended him an “illegal” unlimited line of credit, which caused the exec to lose the funds.

"Jerry is currently in settlement discussions with Mohegan Sun to drop his appeal and pay his gambling obligations in full," a spokesman for Plum TVtold Media Ink.

Plum is a lifestyles network broadcast in “high wealth” niche markets like the Hamptons in Long Island, Aspen and Powers home town of Miami Beach. 

The Post also noted that the Plum TV board met with Powers last week to discuss ended the legal pursuit.  

- Aaron Goldstein, Gambling911.com

 

Gambling911.com has been serving the gambling community with news around the clock since September 2000.

Follow us on Twitter for all the latest breaking gambling news

Follow us on Facebook.  Become a fan here.

Gambling News

Maine Vote on Sports Betting Coming Shortly

Maine Vote on Sports Betting Coming Shortly

Maine legislators say they are 95% there but it is the other 5% they need to hash out, at which point sports betting could soon become a reality in the New England state.  Seven bills have been reduced to one.

Become a Bookie

How to Become a Bookie From Scratch

Becoming a bookie isn’t as difficult as you may think. In this guide, I will assume that you are starting from scratch and provide you with the steps to get started. There’s a lot to learn if you want to run a successful operation, but I don’t want to overwhelm anyone.

Sports Betting News: Disney Now Owns Share of Draftkings?

Sports Betting News: Disney Now Owns Share of Draftkings?

One small part of the massive deal between the Walt Disney Company and 21st Century Fox included the stake in daily fantasy sports and sports betting company DraftKings, Legal Sports Report confirmed on Monday.

Sports Betting Forums: Top Discussions

We tap into the hottest discussions on the sports betting forums and social media.  Hot now: Disney Takes Stake in Draftkings, Negreanu Talks Game of Throne Finale, Bitcoin Profiled on 60 Minutes, More

Holzhauer Returns

Top Gambling Stories: Holzhauer Returns, High Court Ends Kenya Gambling Ad Ban

One of the most prolific gambling and sports crazed nations, Kenya, will no longer ban gambling ads, at least for now, and professional sports betting Holzhauer returns to Jeopardy Monday

Syndicate