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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 :
Antigua Issues another WTO warning to USA -
There's almost a sense of Groundhog Day ("a situation in which a series of unwelcome or tedious events appear to be recurring in exactly the same way") about the World Trade Organisation dispute between the United States and Antigua over online gambling, which has entered its 11th year in 2015....but here we go again.
More reasonable approach to taxation for Italian Online Gambling -
The first quarter of 2015 could see a more understanding and reasonable taxation regime for online gambling operators in Italy, with better wagering options and the replacement of the heavy taxes currently levied on turnover in some categories with a more sensible tax based on gross gaming revenue as is currently applied to the online poker and casino verticals.
Nevada Looking For Break on federal sports tax -
Nevada Senator Dina Titus is taking a second run at one of her pet projects, the repeal of a federal tax on Nevada sportsbook turnover that sees between $9 and $11 million leave the state for federal coffers every year.
China Clamping Down on Online Lotteries -
The news earlier this week that 500.com had temporarily suspended online lottery operations at the request of regulating authorities has been followed by reports of similar suspensions on other companies in the lucrative market.
Fulltilt Launches Online Casino -
Back in April 2014, Swedish online gambling software developer Net Entertainment signed an agreement with Full Tilt and Pokerstars parent Rational Group to deliver online casino games and services for the Full Tilt platform as the subsidiary prepared to offer casino as well as poker action
William Hill Record Profits in 2014 -
William Hill plc posted its 2014 FY results Thursday, demonstrating that its diversification strategy continues to work, and showcasing on a group basis:
Rainbow Riches Bingo Launches -
Launching in desktop and mobile format simultaneously this week is Playtech's new Rainbow Riches Bingo, a product developed in collaboration with Scientific Games.
Gtech and IGT -
With the completion of its $6.4 billion acquisition of International Game Technology now in sight, GTech has commenced a corporate restructuring dividing the new super-group into four divisions and moving into the future with IGT as the main corporate brand.
New UNIBET Online Bingo -
Unibet is following the launch of its standalone poker offering last year with a standalone online bingo product, the upcoming launch of which will see the operator depart from Playtech's Virtue Fusion network around the middle of this year.
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