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FULL TILT POKER NEAR A SETTLEMENT IN MARYLAND?
Sunday, October 30, 2011 : US Justice officials more flexible on deadlines in ongoing discussions
The poker information portal Poker Strategy scored a Full Tilt Poker news coup this week, unearthing interesting communications between a member of the US Attorney’s Office in Maryland, a lawyer representing Full Tilt Poker interests in Switzerland, and a US federal judge.
US Attorney Rod J. Rosenstein wrote to federal judge Catherine C. Blake, reporting that his office had been in contact with Barry Boss, representing Full Tilt Poker, regarding frozen Swiss banking accounts in the name of Ranston Limited.
The enforcement official reported that talks were ongoing regarding a settlement, and as part of the deal the government had agreed to waive any time limits regarding filings in the Ranston case.
Rosenstein advised the judge (here: http://resources.pokerstrategy.com/2011/10/27/8.pdf) :
"As to the two Ranston accounts, I have been contacted by Barry Boss, Esquire, who represents Ranston Ltd., which appears to be the owner of the two accounts. Mr. Boss and I have opened discussions towards a potential settlement of the interests in the Ranston accounts.
"In order to facilitate the settlement process, the government has agreed to waive all filing time limits for Ranston while we are making progress with settlement discussions.
"I will submit a status report to the Court if the case is not resolved as to the Ranston accounts by December 21, 2011."
The case is part of a larger and recently unsealed action, United States of America v. Funds Contained in Four Accounts (Oldford Group et al, by the Maryland authorities that commenced in 2009, details on which Poker Strategy has posted here:
Poker players anxiously awaiting some sign of payments from Full Tilt Poker will no doubt be encouraged by the possibility that some of FTP's funds could be released, enabling the troubled company to pay what it owes as negotiations on the acquisition of FTP by Groupe Bernard Tapie progress.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.
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