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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:
 
http://www.justice.gov/usao/nys/pressreleases/March13/FullTiltPokerSpecialMasterPR.php
 
Information is also available from the toll-free hotline number at (866) 250-2640.



Gambling News :

Is Poker Declining - The independent market research company SuperData has released statistics showing that social mobile and online poker as a standalone is in decline, and operators need to combine it with casino and other games to ensure audience retention and growth.

Fanduel hires 38 former Zynga employees - The majority of the 42 employees laid off in Orlando recently by social gaming developer Zynga have found a new home with the rising daily fantasy sports star Fanduel, which has taken on 38 of them in opening its new Orlando office.

Churchill Downs Preparing for California Online Poker - Several media reports, quoting informed sources, report that racetrack company Churchill Downs will soon announce a partnership deal with Californian cardroom Oceans 11, and possibly the Crystal land casino, as part of its preparations to compete in a legalised and regulated online poker market that could emerge in California.

Legendz online sports betting Defendents Found Guilty - The break up of the Legendz online sports betting ring last year had another sequel in an Oklahoma federal court this week when three men were found guilty on racketeering conspiracy, conducting an illegal gambling business and money laundering conspiracy charges.

New mobile results app for live Keno - ThreeFiftyNine, Inc., a subsidiary of Canadian transaction management and mobile publishing company, Consorteum Holdings, has announced that following a development project with XpertX, Inc., it has completed work on a new mobile results app for live Keno.

GeoComply Debunks Claims that it is not effective in intrastate online gambling situations - The ill-informed claims last week by Lyle Beckwith of the National Association of Convenience Stores that geo-location is not effective in intrastate online gambling situations has been debunked by Anna Sainsbury, chief executive officer of GeoComply.

Sheldon Adelson's bid to have a court action heard in Macau defeated - Las Vegas Sands owner Sheldon Adelson's bid to have a court action heard in Macau rather than in the United States was defeated Friday when US federal Judge Elizabeth Gonzalez ruled that the full case could be heard in the Nevada.

Frederik Burvall Confirmed CEO Of Cherry - Cherry made some management changes in December 2014 and the combination of strengthening our Malta organization and Fredrik’s experience will result in a group management that will help Cherry to reach profitability with continued strong growth.

Rank plc Earnings Report - Digital operations continued to make a strong contribution to the performance of the online and land gambling group Rank plc in the first five months of 2015, the company said in an interim management statement Thursday.

WPTpoker Closing - In line with ongoing company strategy a decision has been made to close down www.wptpoker.com. The closure is planned to happen on the 3rd of June 2015. After which, for up to 3 months, players will still be able to login to their accounts to request any withdrawals.

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