From: Report: Iverson facing trouble
Iverson's gambling problem is serious enough that he has been banished from casinos in Detroit and Atlantic City, N.J., according to Smith [Stephen A. Smith of the Philadelphia Inquirer].
HOUSE OF THE DAY: Allen Iverson’s Colorado Home Foreclosed After Nearly $1 Million In Price Reductions
Allen Iverson, former NBA All-Star who is now playing in the Turkish Basketball League, is in foreclosure on his Cherry Hills mega-mansion, an affluent suburb of Denver, CO.
After reports of alcohol abuse, a gambling addiction, and marital troubles derailed Iverson’s highly decorated professional career in the United States, the father of five left to pursue basketball opportunities across the pond.
Unfortunately, Iverson did not button up his personal finances before leaving town.
According to the Denver Post, Iverson quit paying his mortgage and let his 6-bedroom, 6-bathroom home slip into foreclosure.
Iverson purchased the 10,445 square foot home in 2008 for $3,875,000 during his tenure with the Denver Nuggets.
The property includes an extensive security system, gourmet kitchen, safe room, open media area, wine room, seven gas fireplaces, outdoor play area, and lake views.
He first listed the home for sale in April 2009 for $3,750,000 — nearly $1 million less than the last recorded listing price.
A buyer is expected to close on the property in early April for a price that “was close” to the current asking price of $2.85 million.
Still, Iverson is responsible for attorney fees, foreclosure costs, and default interest.
In the Denver real estate market, more than one in every 1,000 homes was lost to foreclosure in the month of December.
Showing posts with label Denver. Show all posts
Showing posts with label Denver. Show all posts
Thursday, March 10, 2011
Sunday, December 5, 2010
McKinley's Gambling Addiction and Suicide
McKinley Death Sheds Light on Growing Problem: The Secret Life of the Gambling Addict
HANOVER, Va.
Yesterday it was revealed that Denver Broncos wide receiver Kenny McKinley suffered from a gambling problem and was deep in debt prior to committing suicide in September. McKinley's death unveils a rising problem in America: gambling addiction.
Bob Cabaniss, the founder and President of Williamsville Wellness, says suicide stemming from a serious gambling addiction and deep depression is not uncommon. McKinley's death is a tragic occurrence illustrating an increasing and alarming trend.
"Suicide as a result of gambling addiction is becoming all too common throughout the United States, as it is easily hidden from loved ones, colleagues, and close friends. Gambling addiction's warning signs are difficult to spot, and the problem often remains disguised until it's too late," he said. "Of all addiction disorders, gambling addiction leads to the highest numbers of suicides and suicide attempts."
Cabaniss, a recovered gambling addict, is an expert in his field. Williamsville Wellness is the only treatment center in the U.S. licensed to treat gambling addiction, and uses a comprehensive and individuated treatment program to help gambling addicts from around the world overcome their addictions.
"At Williamsville, we strive to provide the best care and support for our patients, so that they can conquer their addictions and life healthy, fulfilling lives," Cabaniss said. "We are saddened that Kenny McKinley represents just one of thousands of gambling addicts who take their own lives each year. We hope that his death will help those currently suffering from gambling addiction seek help and treatment. Recovery is a possibility for all."
HANOVER, Va.
Yesterday it was revealed that Denver Broncos wide receiver Kenny McKinley suffered from a gambling problem and was deep in debt prior to committing suicide in September. McKinley's death unveils a rising problem in America: gambling addiction.
Bob Cabaniss, the founder and President of Williamsville Wellness, says suicide stemming from a serious gambling addiction and deep depression is not uncommon. McKinley's death is a tragic occurrence illustrating an increasing and alarming trend.
"Suicide as a result of gambling addiction is becoming all too common throughout the United States, as it is easily hidden from loved ones, colleagues, and close friends. Gambling addiction's warning signs are difficult to spot, and the problem often remains disguised until it's too late," he said. "Of all addiction disorders, gambling addiction leads to the highest numbers of suicides and suicide attempts."
Cabaniss, a recovered gambling addict, is an expert in his field. Williamsville Wellness is the only treatment center in the U.S. licensed to treat gambling addiction, and uses a comprehensive and individuated treatment program to help gambling addicts from around the world overcome their addictions.
"At Williamsville, we strive to provide the best care and support for our patients, so that they can conquer their addictions and life healthy, fulfilling lives," Cabaniss said. "We are saddened that Kenny McKinley represents just one of thousands of gambling addicts who take their own lives each year. We hope that his death will help those currently suffering from gambling addiction seek help and treatment. Recovery is a possibility for all."
Sunday, November 14, 2010
Times are tough!
Casino towns near Denver backing out of agreements that ended years of squabble
BLACK HAWK, Colo. (AP) — Black Hawk and Central City are dissolving agreements that had ended years of battling over a share of gambling revenue.
Central City used to be the top gambling town in Colorado before Las Vegas-style casinos went up about a mile south in Black Hawk in the mid 1990s. Black Hawk now generates $530 million in gambling revenue — 72 percent of Colorado's total — to Central City's 10 percent. In 2003, Central City officials decided to work with its sister city rather than fight it.
The Denver Post reports that Black Hawk officials say times are tough, prompting the city to back out of agreements to provide after-hours police service and vehicle fleet maintenance to Central City. A jointly funded shuttle service between both cities will end Dec. 29.
BLACK HAWK, Colo. (AP) — Black Hawk and Central City are dissolving agreements that had ended years of battling over a share of gambling revenue.
Central City used to be the top gambling town in Colorado before Las Vegas-style casinos went up about a mile south in Black Hawk in the mid 1990s. Black Hawk now generates $530 million in gambling revenue — 72 percent of Colorado's total — to Central City's 10 percent. In 2003, Central City officials decided to work with its sister city rather than fight it.
The Denver Post reports that Black Hawk officials say times are tough, prompting the city to back out of agreements to provide after-hours police service and vehicle fleet maintenance to Central City. A jointly funded shuttle service between both cities will end Dec. 29.
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