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PPA To Assist to FTP US Player Payouts
Sunday August 12, 2012 : POKER PLAYERS ALLIANCE PREPARED TO ASSIST IN F.T.P. PAY-OUTS TO U.S. PLAYERS (Update)
Terms of Pokerstars-FTP-DoJ sttlement clearly indicate that players be paid in full, says action group.
Immediately following the announcement of the multi-million Pokerstars acquisition deal on Full Tilt Poker the Poker Players Alliance independent action group flagged its preparedness to be involved in the long awaited pay-outs to players through US government agencies.
In a public statement at the end of July, the Alliance noted:
“The government has not yet released the precise details on how reimbursements will occur. It is the PPA's position that the government must take all steps necessary to ensure the process for the players to recover their full funds is not unduly burdensome. PPA's legal team will remain fully involved as the ‘voice of the player’ to ensure our members are heard throughout this process."
This week, as uncertainty continued on how the restitution scheme is to be implemented despite the millions seized and paid over to government coffers, the PPA nudged officialdom with a reminder, addressed to the Department of Justice's Asset Forfeiture and Money Laundering Section.
The letter reportedly noted that the terms of the FTP-Pokerstars settlement involve sufficient money to ensure that all owed US players are made whole through the government's pay-out system.
It also invites government to tap into the PPA's experience, knowledge and resources in order to quickly introduce a player-friendly and efficient "process for remission," along with a view on how FTP players' amounts due should be calculated in order to ensure a fair restitution.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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