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USA Fulltilt Poker Payments Coming Soon
Friday August 9,2013 : FULL TILT POKER PAYOUTS IMMINENT?
It all depends on your definition of the word "shortly".
Amid a growing clamour for the delays to stop and the payments begin, the independent payments administrator Garden City Group gave owed Full Tilt Poker players renewed hope this week with an announcement that payments would commence shortly.
Garden City was appointed by the US Justice Department to disburse the multi-millions paid to it by Pokerstars for refunds to US players on the run-up to its acquisition of Full Tilt back in 2012, and players have been waiting for payment with growing impatience ever since.
Justice Department officials appeared to take an inordinately long time to find the right independent administrator, and that was followed by a protracted review of Full Tilt records.
Garden City says it has now completed review and verification procedures, and players will soon receive emails advising them how to lodge their claims online.
The administrator says that amounts owed to individual players will be calculated "....on players’ final balances with FTP as of April 15, 2011.”
That would appear to rule out relief for the alleged pre-Black Friday shenanigans of the previous owners of Full Tilt Poker, who reportedly indulged in some creative if ephemeral accounting practices when their payment processing arrangements were disrupted by federal enforcement actions .
There should be plenty of cash in the pot; the massive $731 million Pokerstars settlement agreed with the US Justice Department more than a year ago included $184 million earmarked for the reimbursement of Full Tilt players outside the USA, leaving a healthy balance for US claimants.
Garden City says that if the amount of cash available is insufficient to pay all US players in full, there will have to be a pro rata assessment.
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 Microgamingís 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 Sundayís 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 Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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