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Fulltilt Poker To Appoint US Payment Admin

But it may still be awhile before U.S. Full Tilt players are paid
The Poker Players Alliance action body says in this week's poker update that the Department of Justice is close to appointing an independent administrator to assess and pay US player claims against Full Tilt Poker.
Since the shutdown of FTP's US operations early 2011 players have been awaiting word on how and when they will be paid.
Following a multi-million dollar settlement agreed between the Department of Justice and Pokerstars, the latter acquired FTP and paid in a substantial sum of money to the US authorities for disbursement to former Full Tilt players.
Pokerstars went on to pay out all owed global players, but American punters were told by the DoJ that they would have to await the selection and appointment of an independent third party administrator to arrange their reimbursement.
The PPA announcement says:
“The PPA is happy to report that the Justice Department, as part of its continuing dialogue with PPA regarding remission for the victims of Full Tilt Poker, has officially confirmed that it is close to naming a claims administrator for the FTP remission process. We expect the formal announcement from the DOJ by February 14th or so.”
However, the action group cautions:
"It should be noted that the naming of a claims administrator does not mean we players will be seeing our money right away. There is still a lot of work to do before we can reasonably expect payments, but the naming of an administrator is an important milestone. It will also lead to additional important information becoming available to us as the administrator begins actual work."

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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