by David P. Greisman
Floyd Mayweather Jr. is seeking $61.6 million from Center Stage Alabama, a bingo hall/casino/entertain complex that he claims received a loan from him two years ago and has yet to repay him, according to court documents obtained by BoxingScene.com.
The story was originally reported by the Dothan Eagle.
Mayweather, through his attorney, says he lent Resorts Development Group II a total of $4 million. According to the newspaper article, Mayweather was supposed to receive $5 million in return within a month, and if that amount wasn’t paid on time, the number would grow by an additional $100,000 each day starting on June 21, 2010.
There were 566 days between June 21, 2010, and Jan. 8, 2012, the day before Resorts Development Group II filed for Chapter 11 bankruptcy.
Mayweather joined the list of creditors allegedly owed money by the company with a July 2 filing, according to court documents. The deadline for filing a claim was April 16, but Mayweather’s attorney argued that the claim should nevertheless be accepted. The deadline was invalid, he said, andMayweather had not been served proper notice — as instead a notice had been sent to a law firm that no longer represented him.
Resorts Development Group is objecting to Mayweather’s claim. Its argument notes that Mayweather’s debt claim had been listed as “disputed” and in the amount of $6 million.
The objection argues, in part, that the money had been lent to a man named Ronnie Gilley, who had run both Resorts Development Group II and Ronnie Gilley Entertainment, but “it is unclear” whether that money “was ever actually utilized by” Gilley “in the development and operational aspects of Resorts Development Group II,” according to court documents.
A hearing has been scheduled for Aug. 21.
The casino has had other troubles of late, according to the Dothan Eagle. Last year, Center Stage Alabama was sent a cease and desist letter by the state Attorney General’s Office for allegedly illegal gaming. There had been attempted raids on the complex in January 2010, when the casino was operating as County Crossing. It shut down and reopened last year “under new management,” the newspaper said.
But last week, the casino was raided, and “hundreds of electronic bingo machines and some cash” were confiscated, according to the Dothan Eagle.
David P. Greisman is a member of the Boxing Writers Association of America. Follow David on Twitter @fightingwords2 or send questions/comments via email at firstname.lastname@example.orgTags: Floyd Mayweather Jr.