73°F
weather icon Clear

Full Tilt Poker founder Bitar surrenders in N.Y.

The founder of Internet poker company Full Tilt Poker, whose U.S. operations were shut down after criminal charges were brought last year, has pleaded not guilty in New York.

Raymond Bitar, who is originally form Los Angeles, was arrested Monday as he arrived at Kennedy Airport.

A magistrate judge ordered him held until a $2.5 million bond could be secured.

A prosecutor called Bitar a flight risk after his return from Ireland to face charges brought a year ago. He said Bitar faces decades in prison if convicted of conspiracy and wire fraud charges.

Don't miss the big stories. Like us on Facebook.
THE LATEST
 
Will Strip resort closures change the hotel market?

Simple laws of supply and demand might make observers think that losing two resorts within three months would have a significant effect on the Strip market.

 
Why South Point owner bought land near resort for $5.5M

South Point owner Michael Gaughan recently purchased 4.3 acres of undeveloped land near the Las Vegas resort, and he plans to get it developed quickly.

 
MGM topples food donation goal, surpassing 5M meals

MGM Resorts International,has passed its goal of providing 5 million meals to the Las Vegas community and to other cities it operates resorts in well before 2025.