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Finally USA Players to be paid by Fulltilt Poker
Thursday March 14,2013 : AT LAST - DoJ APPOINTS CLAIMS ADMINISTRATOR FOR FULL TILT POKER US PAYMENTS (Update)
It's taken an inordinately long time, but payments to players are now a little closer
The hundreds of millions of dollars from the Pokerstars settlement that the US Department of Justice has been holding for payment to Full Tilt Poker players may soon - finally - be disbursed following the news Wednesday that the feds have appointed a third party, independent Claims Administrator to handle the project.
Announcing that players can expect payments to start soon, the Department revealed that it has selected the Garden City Group as Claims Administrator and that company has already launched a website for FTP players who wish to lodge claims. The website can be accessed at www.fulltiltpokerclaims.com.
Preet Bharara, the chief Black Friday prosecutor from the US Attorney Office for the Southern District of New York, said in a statement:
“The Garden City Group brings a track record of handling the administration of some of the country’s largest and most complicated settlements.
“With their selection, we take a significant step forward in the process of compensating victims of the Full Tilt Poker scheme.”
Recentpoker.com readers will recall that part of the massive $547 million Pokerstars paid over to the US government as part of a settlement agreement (which included no admission of wrongdoing), was earmarked for US players impacted by the FTP implosion.
FTP has since been acquired by Pokerstars parent The Rational Group.
The claims administrator appointment perhaps heralds the end of a long and tortuous process to make players whole again after the events of Black Friday in April 2011.
The lengthy DoJ statement, which includes a detailed historical account of the events leading up to the appointment of the claims administrator, can be found here:
Information is also available from the toll-free hotline number at (866) 250-2640.
Recent Gambling News :
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There was drama at the Wutaishan Sports Centre in Nanjing Friday when local police stopped players entering to participate in the 2015 Asia Pacific Poker Tour Nanjing Millions, issuing a notice which shut down the tournament and claimed the organisers were suspected of illegal gambling.
FBI Evidence Against Paul Phua Dropped -
Federal prosecutors in the illegal sports betting case against Paul Phua suffered a setback Friday when US District Judge Andrew Gordon ruled that evidence gathered through a questionable FBI ruse abused the accused's privacy rights and is therefore inadmissible.
NYX Gaming Posts Q4 and full year 2014 results -
Expansion is the broad strategy going into 2015, online gambling software and turnkey provider NYX Gaming revealed in posting its Q4 and full year 2014 results this week, flagging the following highlights:
Bwin.Party Intergrates Net Entertainment Games -
Late last year Bwin.Party signed a content supply agreement for its internet and mobile casino with Swedish online gambling software developer Net Entertainment, and the deal came to fruition this week with the launch of the new games.
Global SportsBetting Market WOrth 3 Billion -
The global sports betting market is conservatively estimated to be worth up to $3 trillion, and 90 percent of it is illegally conducted, a United Nations conference session on match-fixing heard this week.
Positive online gambling legalisation bill hearings In Pennsylvania -
Media reports from Pennsylvania on Thursday's online gambling legalisation bill hearings are pretty much unanimously positive, portraying a professional political approach by members of the House Gaming Oversight Committee, which reportedly listened intently to the testimony of properly experienced and qualified people.
Resorts Casino AC Opens Online Gambling Lounge -
The sixth Atlantic City casino to introduce online gambling, Resorts Casino Hotel has taken a further step in merging in-person and online gaming by launching its Internet Gaming Lounge Thursday.
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