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More FullTilt Poker Repayments Comming
Monday March 16,2015 : ANOTHER ROUND OF FTP PAYMENTS FROM US DOJ
Garden City Group prepares to make payment on some disputed petitions
The US Department of Justice Asset Forfeiture and Money Laundering Section has approved a new round of payments that will see Petitioners who have disputed their Full Tilt Poker (FTP) balances receive payments.
Administrators Garden City Group (GCG) said payments will also be made to “Petitioners who have confirmed their FTP Account Balances and recently cured deficiencies”.
This payment round will include around 3,500 Claims totalling around US$ 2.8 million, GCG confirmed and is expected to be complete by the end of this month.
The only disputed petitions in this batch which have been approved by the Department of Justice are those that:
are of $500 or less, or
a dispute between $500.01 and $2,000, if the difference between the FTP Account Balance and the disputed amount is 20 percent or less.
According to the GCG advisory on fulltiltpokerclaims.com, all other Petitions with disputed amounts are still under review and, if found to be valid, will be paid in upcoming distributions.
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Gambling News :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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