Those who check out gambling industry news from time to time have no doubt heard of former Bodog owner Calvin Ayre. The self-made billionaire and flamboyant playboy has been the subject of many magazine cover stories while his problems with the US government have received just as much attention as his business skills and partying lifestyle.
And throughout all of the turmoil that Ayre has faced, he has never really seemed fazed by the threat of litigation against him and he’s even taunted the US government in the past through the media. However, there are plenty of poker players and gamblers on his site that are very scared at the prospect of not being able to access their money (or even lose it) amid more serious investigations into the company and Ayre.
Just recently, the US government seized $24 million from bank accounts that have been servicing Bodog over the years. And this may only be the beginning as the feds are warning that there is going to be a huge investigation into the company. And even though Ayre has distanced himself from the company, he too would face criminal actions since he owned Bodog for so long.
Some of the banks that have had Bodog money taken from them include major chains like Wachovia, Bank of America, and SunTrusts Banks. This creates further worry in poker players and gamblers who use the BodogLife.com site as there is a very real possibility that their money could be put on hold or be frozen while further investigations would take place of Bodog and the bank accounts it has used.
An even worse scenario would be if the US government was able to take away much more money from Bodog or even shut it down entirely. This would create the possibility that players could lose a lot, if not all of their money. However, this would be the extreme scenario and I certainly hope that the people who play poker there wouldn’t lose their money as it would definitely hurt the industry quite a bit.
I wonder what’s going to happen with everything in the next year or so. I don’t like the way it looks right now though.
Yeah, Bodog is looking like a risky room as of now but hopefully things will bet better with Calvin Ayre out of the picture.