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Pokerstrategy Wins Lawsuit Vs Fulltilt Poker

Full Tilt's parent group was sued for $1.2 million
Pocket Kings, the parent group and former owner of Full Tilt Poker, has lost a case filed by affiliate partner Pokerstrategy and worth $1.2 million.
Following a decision in its favour by the Irish High Court, Pokerstraegy owner Dominik Kofert is now reportedly negotiating with Pocket Kings liquidators to secure payment.
The litigation has its roots in a marketing agreement between Pokerstrategy and Pocket Kings which was finalised prior to the Black Friday shut down and temporary ruination of the online poker operator .
Full Tilt was subsequently acquired by rival Pokerstars after complex negotiations with the US Department of Justice.
In August 2011 Pokerstrategy started legal proceedings, with Kofert commenting that he had awaited the completion of the DoJ - Pokerstars talks before moving on his claim to remuneration for the 30,000 players a month he claimed his site was sending to FTP pre-Black Friday.
Back then, Kofert told readers of the PocketFives information site:
"Full Tilt Poker has a marketing agreement with us, under which there is – among other continuing obligations – an outstanding invoice of approximately $1.2m. This has been outstanding since Full Tilt Poker was forced to suspend operations in June 2011 due to the revocation of its licence [by the Alderney licensing authorities - ed].
"Despite the large sum of money involved, we were careful to file the claim only after the rescue of Full Tilt Poker was completed as it was of the utmost importance that this claim would not jeopardise any potential deal, player bankrolls or the resurrection of Full Tilt Poker.
"Thus, our claim has nothing to do with players getting repaid or not. That the players get repaid is a done deal and we deliberately waited with our claim until it was done."

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

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Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

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2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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