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Fulltilt Poker Payments For US Players Finally
Thursday January 23 ,2014 : PAYMENT AT LAST FOR FULL TILT POKER PLAYERS?
It's taken almost three years, but it appears that payments will soon be flowing.
The Poker Players Alliance action group, which has been closely involved in attempts to get US players paid in the wake of the Full Tilt Poker debacle has posted news that the almost three-year wait for payments may at last be almost at an end for some players.
Breaking the news on Twitter, the PPA announced: "DOJ says it completed it's audit of GCG group player petitions. Approved release of $82 million in funds to approx 30,000 players"
PPA spokesmen said that an official announcement is due any moment from the third party administrators appointed by the US Department of Justice, Garden City Group.
The payments will probably begin in March this year and will be to those players whose claims have been fully audited and confirmed by the DoJ and GCG. Those that have been rejected can rest assured that the PPA has them in mind as it seeks full resolution to the issue.
The 30,000 or so accepted claims are all cases where the amount is undisputed after players were advised of their outstanding balances as calculated by GCG.
PPA executive director John Pappas posted on the twoplustwo forum:
“Players with undisputed claims should be looking for an email from Garden City Group within the next few weeks with instructions on how to receive their payment. The DoJ could not provide me with a definitive date on when these emails will go out and when payments will be processed. But it looks like it will be in advance of their March 31 deadline.”
What timeframes are involved with GCG assessments with which players disagree is not clear, but bringing these to a conclusion is likely to take some time as the differing viewpoints and arguments are studied.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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