{"id":266189,"date":"2023-03-24T15:19:07","date_gmt":"2023-03-24T20:19:07","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=266189"},"modified":"2023-03-24T16:17:04","modified_gmt":"2023-03-24T21:17:04","slug":"evander-kane-placed-up-to-50-bets-a-day-with-illegal-bookies","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/evander-kane-placed-up-to-50-bets-a-day-with-illegal-bookies\/","title":{"rendered":"NHL\u2019s Evander Kane Placed Up to 50 Bets a Day with Illegal Bookies"},"content":{"rendered":"

Troubled NHL star Evander Kane claims to have placed as many as 50 bets per day with illegal bookmakers when he was in the grip of his gambling addiction.<\/p>\n

\"Evander
Evander Kane, above, now of the Edmonton Oilers. Between 2014 and 2019, he borrowed $50 million to pay off gambling debts and previous loans. (Image: Oilersnation)<\/figcaption><\/figure>\n

Kane, 31, is being sued by his biggest creditor, Centennial Bank, which argues that he shouldn’t be granted Chapter 11 bankruptcy, which could allow him to renegotiate some of his debts.<\/p>\n

The Edmonton Oilers left winger filed for bankruptcy<\/a> in January 2021, claiming a total of $26.8 million in debt. That\u2019s despite having signed a $49 million deal with the San Jose Sharks just three years earlier.<\/strong><\/p>\n

Kane’s contract was terminated with the Sharks early last year after he submitted a fake COVID-19 vaccination card.<\/a><\/p>\n

Bookies Paid with Rolexes<\/strong><\/h2>\n

In post-trial briefs filed to a San Jose bankruptcy court last week, Kane\u2019s lawyer said the reason for the lack of documentation related to the athlete\u2019s betting was because it largely occurred with illegal bookies.<\/p>\n

This meant they \u201coperated in a manner designed to elude record keeping\u201d and their URLs changed “every two to six months,\u201d according to the filing.<\/p>\n

Kane would pay gambling debts with cash or by wire transfer, cashier\u2019s check, bank draft, or even with jewelry, once paying off a $75K debt to a bookmaker with two Rolex watches, according to court filings.<\/strong><\/p>\n

Bankruptcy law requires that insolvents keep detailed financial records, and Centennial argues that the NHL star has failed to do so.<\/p>\n

Kane’s lawyers were keen to highlight his underprivileged upbringing in Vancouver and his lack of education. That\u2019s because bankruptcy courts sometimes make allowances for individuals who are financially illiterate.<\/p>\n

\u201c[Kane] has never taken any college or college-level courses, nor any courses or training about accounting, money management, or business development (and the NHL does not provide any financial education to its players),\u201d they wrote. \u201cAlthough Kane became a highly compensated athlete in his fourteen-year career, he was raised in a working-class family that never owned a home, struggled financially, and lived month-to-month.\u201d<\/p>\n

$50M Borrowed<\/strong><\/h2>\n

Kane\u2019s bankruptcy filing lists 47 creditors in total. Between 2014 and 2019, he borrowed $50 million to pay off gambling debts and previous loans. He took out 26 loans with institutional lenders and borrowed seven times from individuals, including $1.1 million from two people described in court documents as \u201cmiddlemen\u201d for bookies.<\/p>\n

\n

Many of these loans were secured against Kane\u2019s lucrative deal with the Sharks and were agreed on the assurance that repayments would be made directly from his wages. Kane quickly revoked the automatic payments once the loans were finalized, according to Centennial Bank.<\/p>\n<\/div>\n

Despite earning a salary of $7 million per year, Kane\u2019s monthly income is minus-$91,131.13, according to his bankruptcy filing. It lists seven dependents living in his home, including his parents, two uncles, and a grandmother.<\/p>\n

Kane\u2019s gambling first came to public attention in November 2019 when the Cosmopolitan of Las Vegas\u00a0sued him<\/a> to recoup $500K in unpaid casino markers. That case was dropped in April 2020, presumably because he settled the debt.<\/p>\n","protected":false},"excerpt":{"rendered":"

Troubled NHL star Evander Kane claims to have placed as many as 50 bets per day with illegal bookmakers when he was in the grip of his gambling addiction. Kane, 31, is being sued by his biggest creditor, Centennial Bank, which argues that he shouldn’t be granted Chapter 11 bankruptcy, which could allow him to […]<\/p>\n","protected":false},"author":36,"featured_media":266201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[60,82962,84511,16,1074],"tags":[85594,85595,85593,85596],"acf":[],"yoast_head":"\nEvander Kane Placed Up to 50 Bets a Day with Illegal Bookies<\/title>\n<meta name=\"description\" content=\"Edmonton Oilers\u2019 Evander Kane bet millions with illegal bookies, according to post-trial briefs in Centennial Bank lawsuit.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/evander-kane-placed-up-to-50-bets-a-day-with-illegal-bookies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Evander Kane Placed Up to 50 Bets a Day with Illegal Bookies\" \/>\n<meta property=\"og:description\" content=\"Edmonton Oilers\u2019 Evander Kane bet millions with illegal bookies, according to post-trial briefs in Centennial Bank lawsuit.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/evander-kane-placed-up-to-50-bets-a-day-with-illegal-bookies\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-24T20:19:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-24T21:17:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/Evander2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"601\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/evander-kane-placed-up-to-50-bets-a-day-with-illegal-bookies\/\",\"url\":\"https:\/\/www.casino.org\/news\/evander-kane-placed-up-to-50-bets-a-day-with-illegal-bookies\/\",\"name\":\"Evander Kane Placed Up to 50 Bets a Day with Illegal Bookies\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/evander-kane-placed-up-to-50-bets-a-day-with-illegal-bookies\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/evander-kane-placed-up-to-50-bets-a-day-with-illegal-bookies\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/Evander2.jpg\",\"datePublished\":\"2023-03-24T20:19:07+00:00\",\"dateModified\":\"2023-03-24T21:17:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Edmonton Oilers\u2019 Evander Kane bet millions with illegal bookies, according to post-trial briefs in Centennial Bank lawsuit.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/evander-kane-placed-up-to-50-bets-a-day-with-illegal-bookies\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/evander-kane-placed-up-to-50-bets-a-day-with-illegal-bookies\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/evander-kane-placed-up-to-50-bets-a-day-with-illegal-bookies\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/Evander2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/Evander2.jpg\",\"width\":900,\"height\":601,\"caption\":\"Evander Kane, above, now of the Edmonton Oilers. 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