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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 :

British gambling industry generated GBP 6.8 billion between April 2013 and March 2014 - The latest industry numbers from the British Gambling Commission show that the industry is alive and well in the United Kingdom, generating Gross Gambling Yield of GBP 6.8 billion in the period April 2013 to March 2014... an increase of 6 percent on the corresponding figure for April 2012 to March 2013.

EveryMatrix To Provide sports betting platform to Favourit - Sports betting technology provider EveryMatrix has announced that it is to provide a sports betting platform for established Australian sports betting white label supplier and operator Favourit.

Arctic Bear FaceBook Slot - Isle of Man developer Multislot has announced that its second Facebook slot product, Arctic Bear, has been ordered by Plaor for use on its Mega Fame social casino Facebook app. Integration will take place early in 2015.

Betradar In Contract With Sisal - Betradar has clinched a contract for the use of its Live Channel streaming product by Italian operator Sisal, which is using the service in the online and retail facilities of its Matchpoint subsidiary.

Ftops XXVII Starts Nov 30 - The next edition of the Full Tilt Online Poker Series – the twenty-seventh outing for the popular online tournament – is scheduled to kick off on Sunday November 30 and will run through December 14.

Jonathan Jaffe Wins World Poker Tour Montreal - Jonathan Jaffe, a 27-year-old internet professional player from Vermont, has triumphed in the C$3,500 buy-in World Poker Tour Montreal tournament, claiming a main event prize worth C$463,432 after defeating Ratharam Sivagnanam in a fiercely fought heads up.

Tatts has unveiled its long-awaited change of corporate identity - The Australian land and online gambling group Tatts has unveiled its long-awaited change of corporate identity with a big PR push emphasising the amount of research that went into the design and incorporation of the new Ubet identity.

Polish Gamblers Will Be Prosecuted For Using unlicensed gambling websites - Clearly perturbed by the amount of money flowing to unlicensed online gambling operators from Polish internet punters, the country’s Ministry of Finance has warned that the government has the power and the legislation to prosecute players who give their business to such unlicensed websites.

A Look At Pokerstars anti-fraud precautions - The latest in a series of informative vids on how Pokerstars goes about its business is now available and focuses on the sophisticated anti-fraud and anti-collusion measures deployed at the company’s headquarters on the Isle of Man.

Mike Huckabee Online Gambling InterView - A Fox Television current affairs program hosted by former Arkansas governor Mike Huckabee plumbed the depths of biased and perhaps deliberately misleading television this week when anti-online gambling campaigner Blanche Lincoln aired her views, which are startlingly similar and equally questionable as those espoused by land casino tycoon Sheldon Adelson in his big-money efforts to outlaw internet gambling.

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