News Article: Eugene Melnyk lawsuits:too many to count...

[Do Make Say Think]

Maybe he just kept dragging it out and finally the Casino said that's it. The bank not saying anything .. well not sure. The casino would take the draft to their bank and their bank would tell them the bad news after trying to process it. That probably happened within a few days of them being issued. It may be up to the Casino to pursue it.

So the casino allowed the debt to float? That seems highly unlikely unless Melnyk said "I have a new arena coming!"... I very much like where this is going!

 

[Mingus Dew]

So the casino allowed the debt to float? That seems highly unlikely unless Melnyk said "I have a new arena coming!"... I very much like where this is going!

Well if he’s a high roller then it’s a relationship issue. You don’t want to piss off the guy dropping millions in your casino until it becomes absolutely necessary.

 

[Do Make Say Think]

Well if he’s a high roller then it’s a relationship issue. You don’t want to piss off the guy dropping millions in your casino until it becomes absolutely necessary.

Yes, the most likely explanation is usually the best one.

I just like imagining Melnyk holding off casino hitmen by telling them he'll have a new arena soon, only to overplay his hand with his business partners, the municipality and the crown corp and have nothing left to fall on.

It really feels like the vultures are circling.

 

[The Lewler]

Well if he’s a high roller then it’s a relationship issue. You don’t want to piss off the guy dropping millions in your casino until it becomes absolutely necessary.

This is the thing, casinos want to be sure you can pay before they advance you this kind of credit limit.

Which is why I believe he was a known whale to them, so they weren't really concerned about this amount of money initially.

edit: As an aside, it makes me really curious what Eugene plays. Mohegan does have a big horse betting setup.

 

[Peptic Balcers]

If he issued bank drafts from TD bank and the bank did not honor their own bank drafts, is this not a serious act of fraud? I think this gets a lot more serious than just bouncing a cheque from a bank account.

This is the inside info we really wanted

 

[Sens of Anarchy]

Yes, the most likely explanation is usually the best one.

I just like imagining Melnyk holding off casino hitmen by telling them he'll have a new arena soon, only to overplay his hand with his business partners, the municipality and the crown corp and have nothing left to fall on.

It really feels like the vultures are circling.

Maybe Melnyk is rich enough that this is just a million dollar annoyance ... that he can fix inside an hour and it all goes away. He likely can still pull that off.
If he has not burned his connections at the Casino he can probably even get a retraction from the local paper.

 

[Do Make Say Think]

Maybe Melnyk is rich enough that this is just a million dollar annoyance ... that he can fix inside an hour and it all goes away. He likely can still pull that off.

But then, why wait if he has the money? Wouldn't it make more sense to just pay the debt off ASAP?

 

[Sens of Anarchy]

But then, why wait if he has the money? Wouldn't it make more sense to just pay the debt off ASAP?

Thats as far as I can go on this .. Entering the world of why Eug behaves in certain ways is way way out of my wheel house

 

[The Lewler]

Maybe Melnyk is rich enough that this is just a million dollar annoyance ... that he can fix inside an hour and it all goes away. He likely can still pull that off.

I have no problem whatsoever conceding that Melnyk is absolutely rich enough to make a million dollar casino issue go away.

But.. he allegedly hasn't for some totally understandable reason I'm sure. So... for all of us now.

 

[danielpalfredsson]

How did his bank draft not go through? I thought we were supposed to be loaded with draft picks.

 

[armani]

How did his bank draft not go through? I thought we were supposed to be loaded with draft picks.

The bank got Melnyked. Melnyk sells picks for money.

 

[L'Aveuglette]

The things Melnyk has to do to continue paying Bobby Ryan's salary man....

 

[West Coast Eagles]

The only thing I can think of is whatever bank the draft is from went bankrupt or the draft's were fraudulent. If it was fraudulent I would have suspected the bank to be filing a lawsuit as well? This is straight up weird.

 

[2CHAINZ]

Save on salary, save on signing bonuses, lose trades because of money, don't pay gambling debts. I have never been more optimistic about FYOUS.

 

[slamigo]

I honestly think he just doesn’t give a crap. He probably has an existing relationship with this casino and they pissed him off so he found a way to stop payment. I’m willing to bet that he probably expected this law suit and doesn’t care. It’s how he argues with other adults.

 

[Icelevel]

We have to remember that Eugene melnyk is a god and there is nothing that he can’t take care of with a snap of his fingers. No one can stop him and he will rule forever. He is a legend.



(In his mind)

 

[Fandlauer]

The next time Melnyk is crying about being outgunned by other teams and being unable to afford signing bonuses, I'll be sure to remember the million bucks he pissed away at a f***ing casino.

 

[Micklebot]

I can't wait for the "is it time to forgive Eugene Melnyk?" article and corresponding thread... Not sure @ianmendes would touch that one though.

 

[Raze The Stray]

Pffft, Bill Wirtz had $1,000,000 in gambling debt.

 

[Upgrayedd]

But then, why wait if he has the money? Wouldn't it make more sense to just pay the debt off ASAP?

Just like when he "bought" the team I guess for a song and dance and began piling debt on rather than paying the team off quickly and setting up a plan to make real money in the future, the guys decisions just dont make sense. Thank the lord none of these lawsuits can be compensated by way of Senators draft picks!

 

[BonkTastic]

The only thing I can think of is whatever bank the draft is from went bankrupt or the draft's were fraudulent. If it was fraudulent I would have suspected the bank to be filing a lawsuit as well? This is straight up weird.

If drafts are altered or damaged, that would be another reason a bank wouldn't honour them.

Or... if Melnyk claimed they were stolen?

 

[bert]

If the fans showed up to games, he could pay his gambling debts. Be better fans.

Classic!

 

[AchtzehnBaby]

This team was supposed to be moving on... first Wolanin... now this shit show.

This is a real bad story unfolding.

I just upgraded my seat belt to a racing harness. (not to be mixed up with harness racing)

5 -point belt required from here on in.

B U C K L E - U P

Please save the team Gary B

 

[West Coast Eagles]

If drafts are altered or damaged, that would be another reason a bank wouldn't honour them.

Or... if Melnyk claimed they were stolen?

Unsure on the damaged but makes sense. Altered = fraudulent to me, so agree.

Lol if he used them then said to the bank they had been stolen. I can imagine it like the credit card fraud prevention calls -
"A draft for 200 thousand was used at a casino at 11.57pm, press 1 if this was you.
A draft for 200 thousand was used at a casino at 11.59pm, press 1 if this was you."

 

[Masked]

If I were to go to Sens games this year, I'd probably get this hat for those occasions - https://www.capstoreonline.com/mohe...arena-connecticut-flex-fit-red-white-hat-cap/