No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
NEW FULL TILT POKER STATEMENT
Wednesday August 31,2011 : Moribund operator blames $42 million processor theft, US enforcement actions for predicament
The fragmented and at times seemingly uncoordinated Full Tilt Poker public communications system coughed out another statement Tuesday, this time to Forbes business magazine blaming a theft at e-cash processor level and US enforcement for its trials and tribulations.
The company does not appear to have a centrally organised and coherent communications strategy, with lawyers giving 'exclusive' interviews to selected publications, ad hoc statements to individual publications that say little, and occasionally largely informal forays on to the player internet message boards.
The end result remains the same - players are not being paid, employees are leaving and operations appear to be paralysed.
In the latest statement, issued to Forbes, the company tries to explain why it has not yet paid its players, blaming the Black Friday indictments against two of its top people along with U.S. government cash seizures over many years and a massive theft perpetrated by one of its payment processors - without giving details.
The company admits that it was unprepared for the Justice Department moves on Black Friday, candidly admitting: “As is obvious from the events that have transpired since April 15th, Full Tilt Poker was not prepared for the far-reaching, US government enforcement effort of Black Friday. Full Tilt Poker never anticipated that the DoJ would proceed as it did by seizing our global domain name and shutting down the site worldwide.”
Forbes points out that Full Tilt Poker did reach an agreement in April with the Justice Department that was supposed to help facilitate the return of funds to players who had large cash balances with the company, but the company’s inability to pay money back has infuriated its players and done little to enhance the brand's reputation.
In its statement Full Tilt notes that U.S. Justice Department actions over the last few years against online poker payment processors resulted in the U.S. government seizing $115 million of player funds located in U.S. banks.
The struggling company, which faces a $3 billion DoJ claim in a civil lawsuit on top of the criminal indictments of two executives, additionally claims it was the victim of a massive heist in which one of its key [unidentified] payment processors stole $42 million from the company.
“Until April 15th, Full Tilt Poker had always covered these losses so that no player was ever affected,” the company statement asserted, adding that it experienced “unprecedented issues with some of its third-party processors that greatly contributed to its financial problems.”
Forbes notes that Full Tilt was taking major risks; according to a plea agreement entered into with the U.S. government by one indicted payment processor, Bradley Franzen, the online poker firm was dealing with a $60 million shortfall earlier in 2011 that was created by crediting player accounts despite not being able to debit funds from customers through financial transactions.
And exacerbating the problems, the Alderney Gambling Control Commission suspended Full Tilt’s main e-gambling licenses because of issues that arose as part of a special investigation - a situation still not resolved, with a second public hearing by the AGCC due before September 15 2011.
Full Tilt has been trying to find investors who could put some cash into the business. The latest statement now reveals that six investment groups, including hedge funds and operators of other Internet firms, have visited FTP's Dublin headquarters and that the company has hired an unnamed financial advisor to “assist us in our search for an infusion of cash as well as a new management team to restore the site and repay players.”
With its reputation badly damaged, overwhelming financial and legal troubles, and an apparent reluctance on the part of potential investors to risk capital in the company, the prospect for players being paid looks increasingly remote.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.