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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:
Playtech acquires Aristocrat Lotteries -
The two Aristocrat firms provide a server-based gaming platform for VLTs and Casino markets to two major retail VLT operators in Norway and Italy, marketed under the well-established TruServ brand.
Former Purple Lounge Chief Now Involved With Boxhill Technology -
Phil Jackson, the erstwhile chief of the now defunct Media Corporation plc and the man who put its online gaming subsidiary Purple Lounge into liquidation to the prejudice of its many owed players, is now involved with a casino cash subsidiary of Boxhill Technology.
Patrik Antonius Top Online Poker Winner This Week -
Finnish ace Patrik Antonius has been keeping a low profile for much of this year, but he returned with a vengeance to the high stakes virtual tables at Full Tilt last week, crushing most of the opposition over 2,500 hands to end the week with a profit of $517,845, well ahead of his nearest rival, Gus Hansen, who turned things around to emerge as the next biggest winner on $319,999.
Why is Latvia Now Enforcing The Gambling BlackList -
Latvia's sudden rash of black listings of operators accessing its market without licensing has surprised many, given the nation's somewhat passive approach to enforcement since online gambling was legalised back in 2006.
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