Apollo Management and TPG Capital were ready with their buyout at 8am after the UIGEA was passed. Apollo Management used California Public Employees Retirement System (CalPERS) to purchase Caesars. They obtained the funding by giving kickbacks to people with ties to the fund. TPG capital used the same tactics to try and purchase an Enron energy company in Oregon. They gave millions to child molester Neil Goldschmidt to have his wife who worked for Oregon get $300 million to fund it.

Apollo Management is made up of the crew from Drexel Burnham Lambert which employed Michael Milken in the 90's. Many of their associates are banned from the SEC for life. Michael Milken's son is also employed by the company that Apollo just bought: http://www.bloomberg.com/news/2011-0...ture-fees.html

Michael was indicted :http://en.wikipedia.org/wiki/Michael_Milken
a federal grand jury indicted Milken on 98 counts of racketeering and fraud. The indictment accused Milken of a litany of misconduct, including insider trading, the concealment of the real owner of a stock, a practice known as stock parking, tax evasion and numerous instances of repayment of illicit profits. The most intriguing charge was that Boesky paid Drexel $5.3 million in 1986 for Milken's share of profits from illegal trading. This payment was represented as a consulting fee to Drexel. Shortly afterward, Milken resigned from Drexel and formed his own firm, International Capital Access Group.[6][9]

This was one of the first times RICO was used against an individual with no ties to organized crime.

Michael does have many ties to the Russian and Italian mob. http://www.investorvillage.com/smbd....sg&mid=7719337

From Michael's own website:http://www.mikemilken.com/fincareer.taf?page=wynn


Steve Wynn was financed by Milken and considers him his mentor. See Youtube vid: http://www.youtube.com/watch?v=gk1G_O3UQRo

Leon Black who was Milken's lieutenant at Drexel went on to create Apollo Management. David Bonderman from TPG Capital also has close ties to Milken: http://www.milkeninstitute.org/event...GC11&SPID=4911


Michael has been indicted and has history of concealing partnerships/stocks. It appears that the b&m casinos are not in competition with each other, but rather exist as a monopoly. They want a complete monopoly by getting rid of the online poker rooms. I'm not sure if Michael really owns the casinos or if his mafia clients do?

Here is Steve Wynn being interviewed by 60 minutes about money laundering and mafia ties:
http://www.youtube.com/watch?v=2RMqOdfvTwk

TPG capital and Apollo group have a history of bribing politicians and they are behind the recent DOJ indictments. Eric Holder worked for Chiquita representing them for funding terrorist organizations before the DOJ. Leon Black has heavy ties to Chiquita since his father ELI Black ran Chiquita under different name before he jumped out of a sky scraper after being linked to government bribes himself.

I think poker players should stop asking for regulation because that is what Caesars and Wynn want. They will use it to stifle competition like with the bill they just passed which only lets currently licensed casinos run online gambling.

Sorry for long post but that's shortest post I could do to expose this.

I am shocked to hear that a LV casino mogul has ties to organized crime.

but thank god they won't associate themselves with a shady criminal enterprise like PokerStars

Stephen Weinberg is gonna Weinberg

Whoda thunk it?

It is possible that this is why PS has liquidity with its funds frozen. This statement is just speculation at this point.

Have you never seen the movie Casino?

SMH

i was referencing gary loveman's denouncement of pokerstars etc here: http://www.youtube.com/watch?v=aXaCnsH8cmY

I'm perfectly aware that Vegas is run by the mafia. I'm getting into specifics and names. The title says Ties to organized crime - not - "breaking news".

The reason for this post is to expose TPG Capital and Apollo management and Michael Milken in particular. It is also to call out the Nevada Gaming Board for letting this happen.

I'm in process of creating a Boycott of Caesars and all the companies ties tio the lobbyist who where instrumental in attaching UIGEA and manipulating DOJ.

OP, who is this no name Michael Milken that you exposed? I know I've never heard of him. Probably no one has. You're a real sleuth. It sounds like you did the digging and figured this monster out. Alert the authorities.

Oh sorry didn't understand. That's the interview that really got me me motivated to start a boycott. Loveman is on major publicity campaign to have legislation passed to regulate online poker. He succeeded yesterday with that Nevada bill that was passed.

Yes he wants to get rid of the online poker rooms and has a case of "chirping chips" in that interview. It's not hard to get your way when the people that own your company are bribing officials.

Yes many people are aware of Milken, but few know hes involved in all the casinos in Las Vegas. The casino license holders are violating NRS 463.170: Qualifications for license... that states: The Commission (must be) satisfied that the applicant is: (b) A person whose prior activities, criminal record, if any, reputation, habits and associations (emphasis added) do not pose a threat to the public interest of this state or to the effective regulation and control of gaming.

Glen, I have much more research done and will be posting more in time. The agent I spoke with at the Nevada Gaming control board was unaware of Michael Milken. I have to post obvious info for those that don't know his history.

Yes Nitty, seems like you are actively involved in poker discussion.