South Dakota-Based Bet Rebate Company Files For Chapter 7 Bankruptcy

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A South Dakota-based telephone wagering and off-track betting company catering to high-end horseplayers seeking rebates has filed for Chapter 7 bankruptcy protection after losing a lengthy legal battle with the National Indian Gaming Commission and the Flandreau Santee Sioux Tribe, a former business partner.

Source: South Dakota-Based Bet Rebate Company Files For Chapter 7 Bankruptcy

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Rich Nilsen is a 12-time qualifier to the National Handicapping Championship (NHC), an event he has cashed in four times. He was the first player to finish in the top 10 twice. He recently won a $24,000 package into the 2016 Kentucky Derby Betting Championship. A former executive with Brisnet.com, Rich is also a graduate of the University of Louisville Equine Business Program. He is founder of AGameofSkill.com, a site devoted to horse racing education and promotion.

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