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Howard Lederer Fulltilt Poker Apology

Friday, May 20, 2016 : 'THE PROFESSOR' APOLOGISES FOR FULL TILT SHORTCOMINGS
 
Five years too late, say some, and FUCK YOU say others.
 
Howard "The Professor" Lederer offered his general apologies this week to former Full Tilt Poker players...five years on from the debacle that saw the company fold and the news broke that player accounts had not been segregated and protected
 
Lederer, a former director of the company before it was rescued and players paid by Pokerstars parent The Rational Group, chose Daniel Negreanu's website Full Contact Journal to publish his long and detailed apology here:
 
http://fullcontactpoker.com/poker-journal.php?subaction=showfull&id=1463698953&archive=&start_from=&ucat=&
 
In it, Lederer acknowledges:
 
* He had responsibility for the failure of Full Tilt to protect player balances in the run-up to April 2011 federal enforcement actions against the company and others commonly known as "Black Friday";
 
* Explains that he had not been overseeing current operational matters at FTP since 2008, and concedes that as a director he had not paid the required amount of attention to financial issues in the two years prior to Black Friday, and this had consequences for player deposits;
 
*.Admits that in the aftermath of Black Friday he focused on fighting what he regarded as factually inaccurate accusations, missing the bigger picture and what was expected of him by the players and the industry;
 
* Reveals that the brutal truth of his position and lack of respect for players and the industry was brought home to him by an unnamed friend who addressed his shortcomings in a frank exchange of views. This caused him to re-evaluate his attitudes and perceptions and acknowledge his failings;
 
* That he realises his apology is late and will be found unacceptable by many, describing it as "...not enough, but it is what I am able to offer to the poker community in the wake of a travesty that I should not have allowed to happen. I am sorry.”
 
In a footnote to Lederer's letter of apology, Negreanu opines that it expresses genuine contrition, although he suspects that Lederer wants to again play poker in public without being subjected to the abuse and anger of players who find it hard to forgive his historical behaviour.
 
Negreanu, a fierce and open critic of Lederer's conduct in the past, appears to have moved on and accepted the former FT director's regrets.

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Gambling News :

Anti Gambling bill S. 3376 - #s3376 Industry observers were taken by surprise late Friday when a little-known Republican Senator from Arkansas, Tom Cotton, filed the beginnings of a new bill in the US Senate Committee on the Judiciary in what appears to be a move to toughen the US legal stance on the Unlawful Internet Gaming Enforcement Act of 2006 and possibly the 1961 Wire Act.

2016 WPT Borgata Main Event Results - @MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.

G-Sports debuts with the game Road Redemption - #esports Land, online and mobile gambling publisher Gamblit Gaming has debuted in the burgeoning eSports sector, unveiling its new eSports platform branded G-Sports with the hit PC and console game Road Redemption.

French licensed gambling operators lost $5M in 2015 - #france Numbers released by the French online gambling regulator ARJEL have illustrated the continued folly of a ring-fenced and restricted online gambling market saddled with a harsh and operator-unfriendly tax regime.

NO PRIVATISATION FOR ONTARIO LOTTERY - The privatisation of the Ontario provincial lottery will not go ahead despite proposals by major companies like IGT-GTech, Scientific Games and Rogers Communications submitted in response to the provincial government’s 2014 Request for Proposals.

Space Invaders wins Best Slot Product Award - The growing emphasis on skill-based slot machines that are more appealing to the millennial demographic has seen Scientific Games awarded a Best Slot accolade for its Space Invaders game at the 2016 Gaming and Technology Awards.

Loss Recovery Act has again been defeated in a class action lawsuit - #gameofwar Illinois notorious Loss Recovery Act has again been defeated in a class action lawsuit...this one emanating from in-game activity on a mobile social gaming video game.

NEW MARKETING CAMPAIGN FROM LADBROKES - The Ladbrokes land and online gambling group has launched its latest marketing campaign, with the first television advertisements ready to screen this Saturday.

Gamesys acquires Snowcat Games - London online gambling provider Gamesys has announced the acquisition of Estonian online gambling games developer Snowcat Games for an undisclosed consideration, noting that the deal will strengthen its development capabilities.

BetConstruct adds virtual sports products - The Golden Race package includes premium virtual content including; football, tennis, Real MMA Fighting, horse and greyhound racing, along with lotto and keno games content.

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