No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
Full Tilt Poker owner explains silence and apologises to players
Friday September 21,2012 : FINAL EPISODE OF 'THE LEDERER FILES'
Full Tilt Poker owner explains silence and apologises to players
The final episode of the seven part video interview 'The Lederer Files' is now up at Poker News, with one of Full Tilt Poker's owners, Howard Lederer explaining the company's much-criticised silence during the 15 months leading up to a final resolution, and an apology to the poker community.
Securing a rescue deal for the players by finding new owners for FTP proved to be a stressful experience for Lederer and his fellow directors, mainly due to the potential cost and complexities involved.
Among other potential buyers, Pokerstars was interested last summer but the US Department of Justice's litigation, and what its expectations might be in terms of dollars and cents, proved to be an insuperable hurdle and Pokerstars backed away.
Lederer is generous in his praise of Pokerstars, observing that a less scrupulous company could have used the excuse of due diligence to obtain information from its erstwhile closest competitor, but that the Isle of Man-based poker giant was at all times honourable and completely professional in the manner in which it handled discussions.
What changed to bring Pokerstars to the table with the US Department of Justice earlier this year?
Lederer does not seem to be sure, and would not speculate, but it came at a time when Full Tilt was down to its last $10 million, and with a monthly burn rate of $1.5 million that would not last beyond the month of August.
In the event, agreement was reached at the end of July after a number of false starts and anxious moments. Again, Lederer applauds Pokerstars for stepping up, saying that its management genuinely cares about the poker community.
Turning to the lack of official statements from Full Tilt Poker during the crisis, Lederer explains that the various people and organisations with which he and his colleagues were in discussions at various points insisted that the negotiations remained confidential.
This was imperilled by several leaks, with the DoJ at one time threatening to curtail discussions if there was "one more leak."
The situation was also subject to changes, and any attempt to brief players would have resulted in wildly swinging possibilities and expectations.
Asked whether he would continue to play poker, Lederer pointed to his 30 year career in the game and said he plans to continue playing. How the poker community regarded him was its decision, he said.
He had been one of the owners of a company that got into serious trouble through no fault of his, and he had done everything in his power to address the problems and ensure that the players were ultimately paid.
"As an owner of Full Tilt Poker, I take full responsibility for what happened. What happened wasn't right and it caused a lot of pain, a lot of suffering, and in some cases just inconvenience for 3 million customers. That wasn't right. And for that I am truly sorry," Lederer concludes.
"I look very much forward to the reopening of the site under PokerStars' leadership. I am incredibly thankful for their incredible professionalism in the way they handled the situation. I'm going to be rooting for the company every day."
USA Online Gamblers. The Best Online Casino with the fastest payouts and highest bonus. Get your Exclusive Bovada Bonus Code now. Up to $4250 in free sign up bonuses. Dont miss out on this limited time special offer.Online Poker, Online Casino and Online SPorts betting all included in this exclusive Bovada Bonus.
Gambling News :
Is Gibraltar Out of Luck in US Tax Challenge -
Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.
Quickspin are now available in Denmark -
#quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.
UCypher Launches -
Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.
Extreme Live Gaming In deal With Betsson -
Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.
Expansion Mode For BoyleSports -
The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..
Safecharge Q4-2016 -
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
ASA Most Controversial Ads of 2016 -
Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.
Yggdrasi To Enter Italian Gambling Market -
Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.