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More Fulltilt poker Payments On The Way

Monday October 5,2015 : MORE FULL TILT PAYMENTS ON THE WAY
 
PPA chief John Pappas says next tranche of payments could be just weeks away.
 
Another tranche of Full Tilt reimbursements could be on the way within weeks, according to Poker Players Alliance executive director John Pappas, who posted Friday that his contacts at the Department of Justice had given him a heads up on the latest pay-out developments.
 
"This next wave includes roughly 2,000 petitioners totalling $5.7 million in funds," Pappas wrote. "These are petitioners with disputed funds, those with missing info and those who they consider “new petitioners” (e.g. did not file with valid log-in credentials)."
 
He went on to advise that the payments have already been approved, and that the money is now being processed to Garden City Group for distribution to recipients.
 
Pappas further revealed that around 3,800 petitions remain unresolved at present, adding that these are mostly new petitioners; he advised interested parties to monitor the fulltiltpokerclaims.com website for official updates.
 
InfoPowa readers will recall that in 2012 The Rational Group - parent of Pokerstars and the at that time recently acquired Full Tilt - reached a settlement with the Department of Justice on pre-Black Friday online poker operations in the United States.
 
The settlement included the provision of tens of millions of dollars for payment to US Full Tilt players via the Department of Justice, and the company spent further millions reimbursing non-US Full Tilt players prejudiced when the badly managed company tanked prior to its acquisition by Pokerstars in the wake of Black Friday.
 
The next tranche of payments is the seventh in the pay-outs that have been verified and made by Garden City Group, which was contracted by the DOJ to handle the complex task of auditing player claims and ensuring they were paid out. Observers keeping track of payments say that around 47,000 American players have been paid a total of approximately $109 million so far.

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

Magic Spells SLot Launches - The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.

Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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