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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 :

Tennis Odds: Murray Favored to Win First Washington Open - The road to the US Open begins this week in Washington, where World's No. 3 Andy Murray is the +135 favorite at press time to win his first Citi Cup. No. 5 Kei Nishikori (+300) and No. 8 Marin Cilic (+800) round out the top names on the odds board.

MLB Odds: Nationals Losing Ground to Arizona - The Washington Nationals (54-50, –4.97 betting units) would miss the playoffs if they started today. They'll try to get their season back on track Wednesday night when they host the Arizona Diamondbacks (51-53, +2.32 units) in Game 3 of a four-game set. First pitch is at 7:05 PM ET.

MLB Odds: The Giants Need Bumgarner in Atlanta - Madison Bumgarner has had his problems on the road this year, but the San Francisco Giants will need the World Series MVP to give his best effort when they visit Atlanta on Wednesday to take on the Braves.

LuckyFish Games Adds Tourneys - The proprietary tournament system is based on cloud based real-time technology and allows “thousands of players to compete against others for a cumulative jackpot prize,” the company said.

Manx Telecom has agreed a three-year hosting contract with PokerStars - The deal will enable Manx Telecom to continue building phase two of its Greenhill Data Centre in the Isle of Man which in turn will offer 95 percent of the construction jobs on offer to the local community.

Betfair Partners With Leicester City - Betfair has entered into an official betting partnership agreement with English Premier League football club Leicester City ahead of the 2015-16 Barclays Premier League season.

New Bitcoin Only SportsBook - BitCasino has expanded its offer to include a bitcoin-only sportsbook in anticipation of the kick off of the English Premiership football season later this week.

Veikkaus reports that online operations now contribute over 40 percent of revenues - In Finland, the state-owned gambling group Veikkaus reports that 40.3 percent of its revenues now come through the internet and mobile channels.

MYCLUBBETTING.COM TO SPONSOR AUDI CUP BROADCASTS - The fourth edition of the annual Audi Cup football competition has signed UK football club website provider My Club Betting.com and partner Premier Sports as official broadcast sponsors for this year's event.

German tax authorities watching Sites Accepting German Players - Not reporting these taxes to the German fiscal authorities may incur criminal liability for the directors and serious fines for companies due to tax evasion, Hofman warned.

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