Grewal says in video statement he has repaid millions in debt, is rethinking resignation – The Globe and Mail

Video frame grab of Raj Grewal. Raj Grewal, the Liberal MP whose frequent, high-stakes gambling at an Ottawa-area casino triggered a police investigation, broke his week-long silence on Friday evening, saying he accumulated millions of dollars in debt, all of which has been paid back and can be traced. In an 11-minute video statement, Mr.…

Gionee Nears Bankruptcy As Chairman Loses Cash At Casino [REPORT] – ValueWalk

1820796 / Pixabay Gionee, a little-known smartphone maker in China, is on the verge of bankruptcy, and if media reports are to be believed, the chairmans gambling habit may have played a role in pushing the company towardbankruptcy. Gionee chairman admits to gambling The Chinese-language website Jiemian claimed recently that Gionee Chairman and founder Liu…

Sports Gambling Is Evolving More Rapidly Than We Expected – Forbes

Professional and collegiate sports have historically feared one practice most heavily over anything else: gambling. The threat has been that if an athlete, official or coach became ensconced in major gambling debt, they might accept a bribe from a gambler to alter their performance. Fan confidence in Professional and collegiate sports have historically feared onedanger…