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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.



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Recent Gambling News :

BetFlash Launches Inplay Betting For South African Gamblers - BetFlash general manager, Samantha McMurtrie who believes the product, available on mobile, tablet and PC, to be far superior than any other in-play offer currently in the South African market

Trinity Mirror Partners With Paddy Power - Trinity Mirror, publisher of the Daily Mirror and the Sunday People, in partnership with Paddy Power will launch a sports betting app.

Ruby Seven Studios Partners With COral - Coral will gain insight into the social gaming industry allowing it to develop a network of social customers for its slots and gaming brands.

HTML5 social casino game Casino-RPG Launches - The multiplayer role-playing game, which was launched in Beta in the fourth quarter of 2013, was funded by raising capital through a crowd-funding initiative on KickStarter

New ARJEL Head Speaks About French Internet Gambling - Despite his previous experience in government research into problem gambling, you have to ask whether the new head of the French regulator ARJEL is really up to speed on the realities of the French market.

Gamzio has entered into an agreement with Cashbet - California-based mobile casino firm Gamzio has entered into an agreement with Cashbet for a turnkey system to support the imminent launch of its new unnamed real-money casino offering.

Bookie Petition on FOBT Issues - The Guardian newspaper reports that over the weekend a petition organised by the Association of British Bookmakers appeared in shops across Britain

Ole Schemion Wins San Remo High Roller for Euro - German poker pro Ole Schemion demonstrated his skill and determination again over the weekend in powering to victory in the Euro 10,300 buy-in EPT San Remo High Roller, besting an entry field of 104 other hopefuls to claim the winner's check for Euro 265,000.

Victoria Coren Mitchell Wins EPT Main - The UK journalist and poker tournament ace Victoria Coren Mitchell made history over the weekend, securing her second and record European Poker Tour main event victory in the Euro 4,900 main event in San Remo.

Malaysian Police Going After World Cup Bettors - Online sportsbetting operators targeting the Malaysian punter will have to tread carefully during the FIFA World Cup football spectacular in June this year - the Malaysian police are making extensive preparations to combat the upsurge with even more vigour than usual.

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