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Matusow Owes Forrest $1.8m

16 September 2014, By: Pokerjunkie.com
It appears Mike "The Mouth" Matusow is welching on paying off a weight-loss bet with Ted Forrest while PokerStars appears just weeks away from being approved for a New Jersey iGaming license.
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It appears Mike "The Mouth" Matusow is welching on paying off a weight-loss bet with Ted Forrest while PokerStars appears just weeks away from being approved for a New Jersey iGaming license.

Matusow Owes $1.8m According to Forrest

Back in 2010, Ted Forrest and Mike Matusow were part of a now famous weight-loss bet. Forrest bet that he could drop from 188 pounds to under 140 in less than two months time.

Matusow took the bet and stood to lose $1.8 million to Forrest. Despite great physical risk, Forrest managed to win the bet.

Just one problem: Matusow didn't have the money to pay the bet.

Matusow claimed that when the bet was made that he would pay Forrest $5,000 a month if he lost. It now appears that he has failed to meet those terms.

In a recent tweet, Forrest revealed that Matusow has only paid $70,500 of the $1.8 million bet from four years ago.

Had Matusow kept to his "$5,000 a week" payoff, he'd have paid $240,000 by now. At this rate, Matusow will pay off Forrest sometime in 2116.

PokerStars Coming to New Jersey in a "Matter of Months"

The online poker world has been abuzz in recent days after New Jersey State Senator Ray Lesniak revealed that the approval for PokerStar's NJ iGaming license is just "weeks, not months away."

Lesniak also hinted that a huge announcement was forthcoming regarding PokerStars. He hyped the money the company would invest into Atlantic City and the jobs it would create by reentering the U.S. market.

PokerStars' NJ iGaming application was put on hold last year for two years because of the company's continued association with indicted founder Isai Scheinberg.

The company was sold back in August to Amaya, Inc for $4.9 billion. Scheinberg agreed to leave the company as part of the agreement.

In recent weeks, Amaya has been in negotiations with NJ gaming officials regarding PokerStars' license. It appears now that NJ players will be able to play on the site by Christmas.

Senator Lesniak also suggested players in New Jersey would be able to access International player pools in the future, which would be a remarkable step in the return to online poker for American players.

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