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Fulltilt Poker Payouts Comming Soon

Friday August 2, 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 Poker Refunds 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.



Gambling News :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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