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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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$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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