Blog

Sheikh loses Bahraini palace to bookmaker Spreadex after racking up gambling debts.

Posted by L Levin on July 27, 2011 at 9:32am

Bookmaker Spreadex is in line to receive a share in a Bahraini palace part-owned by royal family member Sheikh Hamad Al Khalifa after he racked up a quarter of a million pounds in gambling debts.

Spreadex moved to take a share in the palace through a ‘charging order’ granted by UK and Bahraini courts to the bookmaker, which is claiming £240,272.26.

http://www.thisismoney.co.uk/money/markets/article-2012850/Sheikh-loses-Bahraini-palace-bookmaker-Spreadex-racking-gambling-debts.html

E-mail me when people leave their comments –
Follow

You need to be a member of inter-market-analysis.com to add comments!

Join inter-market-analysis.com

Comments

  • L Levin July 27, 2011 at 10:30am
    A little mentoring from you WS and he would not be homeless
  • Aadil July 27, 2011 at 9:40am
    what a disgrace !! unbelievable !!
This reply was deleted.