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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 :

Sweden Democrats party leader alleged to have spent $70,000 at online betting sites - The political elections taking place in Sweden this weekend have triggered significant interest in politicians and their activities, and the media has been happy to oblige.

Caesars Starts First Online/landbased Gambling Promo - Caesars Entertainment subsidiary Harrahs Casino has perked up the New Jersey gambling market with what it claims is the first collaborative promotion between its online and offline operations.

ATlantic City August 2014 Numbers and Earnings - August figures released by the New Jersey Division of Gaming Enforcement show that August was in general another downer for Atlantic City land casinos, with revenues dropping a further 1.2 percent y-o-y and another closure.

Portomaso Gaming has launched a new digital platform for its live casino and studio - Malta-based Portomaso Gaming has invested Euro 500,000 in improvements to its live dealer digital platform, which is now combined with the casino and studio into one product.

FUlltilt Poker Launches Live Casino - Full Tilt players will also have access to a variety of Evolution’s generic Live Roulette, Blackjack, Baccarat and Casino Hold’em tables and to Evolution’s VIP suite of live tables.

WatchandWager extends Honk Kong Jockey Deal - US-based Webis Holdings subsidiary WatchandWager.com LLC will provide access to the Hong Kong Jockey Club pari-mutuel pools in a two-year extension to its existing agreement.

Uodate on Sports Betting: Commercial and Integrity Issues - The report is described as a comprehensive and evidence-based resource and analysis that provides an insight into the important symbiotic commercial and integrity relationship between the sporting and betting sectors.

US developer High 5 Games has released three mobile apps - US developer High 5 Games has released three mobile apps - High 5 Casino for Android and Shake the Sky Casino for both iOS and Android.

Senet Group New Gambling Industry Watchdog - In extensive newspaper announcements this morning, four major UK bookmaking groups - William Hill, Ladbrokes, Coral and Paddy Power – named the new independent industry watchdog they have founded....after an ancient Egyptian game.

Ex Zynga Employee Starting Social Casino - Zynga's highly experienced top exec for social casino operations, Maytal Ginsburg Olsha, is to strike out on her own with a new social casino enterprise scheduled for launch early next year.

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