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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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ACR $15 Million OSS Cub3d - Americas CardRoom immensely popular OSS Cub3d returns February 25th and it's bigger than ever. U.S. Online Poker players will have a chance to compete for $15 Million in guaranteed prize pools.

AIGF and Betradar formalised their relationship - At this yearís ICE Total Gaming, the All India Gaming Federation (AIGF) and Betradar formalised their relationship, committing to understand, explore opportunities and network across India around sports betting and gaming.

Lionís Roar Slot Pays Progressive at Ignition Casino - Ignition Casino saw a major win in one of their lion-themed slots last week. The recipient was a California slot player named Amber S.

EHF and Sportradar Extend Partnership - The EHF is responsible for a wide range of activities including the promotion and development of the sport, education programmes, player transfers and the organisation of high-profile sports competitions and events including the EHF EURO and the EHF Champions League.

Swisslos and Betradar in Deal - Swisslos offers lotteries, sport bets and instant tickets in the entire territory of German-speaking Switzerland, in Ticino and in the Principality of Liechtenstein. It structures its range of games in an attractive and responsible manner. Swisslos transfers it entire net profit to the mandating cantons and the Principality of Liechtenstein to support public causes.

World Snooker and Sportradar extend partnership - Extending a relationship that started in 2010, World Snooker is delighted to announce the renewal of their official data partnership with Sportradar.

Americas Cardroom offering mouth-watering value - It's not every day that an industry-leading poker site offers its customers an opportunity to put the house's money directly into their own pockets, but that's exactly whatís happening at Americas Cardroom.

Coolbet Joins Mpn - Coolbet, owned by the Estonian company StayCool OU, is a sportsbook driven brand with its own developed platform and sports software. In addition to sports, it offers casino and live casino gaming, and as of this week, poker.

RMG AND SIS EXTEND PARTNERSHIP - RMG manages the rights of many of the leading British racecourses, while SIS holds the horseracing rights to all Irish racecourses, plus Chelmsford City Racecourse in the UK.

Novomatic and Betradar in Deal - With ICE just a few days away, NOVOMATIC has announced a partnership with leading sports betting solutions provider Sportradar to develop an innovative line of sports betting products and services.

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