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USA Fulltilt Poker Payments Coming Soon

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.

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Gambling News :

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.

Novomatic has announced a legal action against Euro Games Technology - Online and land gambling equipment and games provider Novomatic has announced a legal action against Euro Games Technology Ltd., which it claims has unfairly created imitations of its slot games.

Starcraft ProLeague SHutting Down after 14 Years - Announcing the end of the road for the League, once pre-eminent in Asian eSports gaming, the Korean Esports Association blamed ethical scandals and competition for its decline in popularity.

Team Hot Launches - #teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.

Netent Q3-2016 Earnings Report - #netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.

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