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U.S. GOVERNMENT TO OUTSOURCE F.T.P. PAY-OUTS
Wednesday August 15, 2012 : U.S. GOVERNMENT TO OUTSOURCE F.T.P. PAY-OUTS (Update)
Applications to organise payments have to be in by end August
Faced with the daunting task of organising US player payments following the Pokerstars-FTP deal, the US Department of Justice has perhaps wisely decided that this is not its area of expertise, and has invited suitably qualified companies to come forward and undertake the task - for a fee, of course.
In an employment opportunity notice on its website, the Department invites applications for an independent Claims Administrator to undertake the Full Tilt Poker payment to players process.
The notice reveals that there are some 1.3 million "potential US victims" and that the project involves account balances totalling $159 million...monies already held through seizures and payments from Pokerstars in terms of the FTP acquisition deal.
Applicants must be appropriately qualified, and will have to furnish information on proposed fees, along with details of any previous relationships that could influence independence in processing remission payments.
The successful applicant will work with the DoJ's Southern District of New York and the Asset Forfeiture and Money Laundering Section to “design and execute a process to solicit, receive and evaluate claims, and to process payments, for losses incurred by U.S. victims that are attributable to the fraud alleged. In so doing the Claims Administrator will obtain and evaluate information, such as financial transaction records, from claimants, and analyze information contained in user account records provided in database and other format by Full Tilt Poker.”
The outsourcing decision perhaps explains why the Department has yet to publicise more details on how it proposes to make whole the FTP players, who have been awaiting their funds for the past 16 months.
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With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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