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Mixed Results in Poker Player Refunds
Written on 5/12/11 By Recentpoker.com staff writer Anthony Aperman :
Payouts trickling through - but not from all indicted online poker firms
John Pappas, executive director of the poker advocacy group, the Poker Players Alliance (PPA) commented this week that players are reporting mixed results with regard to having money refunded from online gambling companies involved in the recent US Department of Justice action, estimating that $100 million to $500 million in funds could be involved.
In a deal struck after the crackdown, the Department of Justice permitted PokerStars and Full Tilt Poker to use its then seized domain names to facilitate the return of funds to online players with positive account balances.
While PokerStars players are understood to be receiving payouts and Full Tilt Poker is in the process of providing the same, although neither in any substantive form yet, Absolute Poker remains unresolved at this point.
The PPA concludes that it is hopeful that the less hostile Obama administration will pursue a course of licensing and regulation of online poker in the US as an estimated 10 million Americans indulge in the pastime.
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Gambling News :
Is Gibraltar Out of Luck in US Tax Challenge -
Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.
Quickspin are now available in Denmark -
#quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.
UCypher Launches -
Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.
Extreme Live Gaming In deal With Betsson -
Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.
Expansion Mode For BoyleSports -
The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..
Safecharge Q4-2016 -
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
ASA Most Controversial Ads of 2016 -
Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.
Yggdrasi To Enter Italian Gambling Market -
Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.
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