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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.
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Corruption in online gambling regulation in Curacao -
Dutch MPs Ronald Van Raak and Andre Bosman have taken their campaign against inefficiency and corruption in online gambling regulation on Curacao public in the Netherlands with interviews on national television and radio this week.
Paysafe Group Trading Update -
In a trading update ahead of its annual general meeting on the Isle of Man today (Wednesday) UK payment processor Paysafe plc said that for the four months ended 30 April this year revenues and EBITDA had exceeded management expectations, with key elements including:
Pennsylvania DA warns on gambling legalisation -
John Morganelli, the District Attorney for the Northampton County District in Pennsylvania, picked his time well for a tilt at legalised online gambling this week, ensuring it preceded a debate on the subject in the House
2016 Association of Gaming Regulators Conference in Australia -
Gambling regulators from around the world will be travelling to Australia later this year for the 2016 annual conference of the International Association of Gaming Regulators (IAGR) which has been scheduled to take place in Sydney from October 31 to November 3.
2016 Harrah's New Orleans Main Event Results -
Texan recreational player and soon to be retired federal agent David Hubbard has taken down the last $1,675 buy-in Main Event of the season in the Big Easy earning his first Circuit ring, a seat into the Global Poker Championship, and a payday of $235,500.
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