Epic Poker League
Bankruptcy
Bankruptcy
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On 29 February 2012, Federated Sports \+ Gaming announced that they had filed for Chapter 11 bankruptcy. At the time of the bankruptcy, the EPL had over $5m in debts to creditors, with financial assets of under $200,000\. The majority of the debts were reported as being to Pinnacle Entertainment and All in Production, which were owed around $2m each.

At the time of entering into Chapter 11, both of the commissioners, Jeffrey Pollack and [Annie Duke](/wiki/Annie_Duke "Annie Duke"), stressed that the filing was a "reorganisation, not a liquidation," which would allow them to keep both the Epic Poker and GPI score assets. However, this did not happen in practice, and the assets of Federated were sold at a bankruptcy auction in June 2012 to Pinnacle. Subsequent to this, no further EPL events have been planned.


Did the bankruptcy have any impact on the poker industry as a whole?