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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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Gambling News :

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:

2016 PokerStars Spring Championship of Online Poker Main Event results - Talal Shakerchi (53), a hedge fund manager from Britain, is $1,468,001 wealthier today after taking down the 2016 PokerStars Spring Championship of Online Poker $410,000 buy-in NLHE main event, besting a field of 824 entries to do so.

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.

Gambling regulatory breaches for British Columbia Gambling Companies - 3,215 violations of the Gaming Control Act were recorded in the year ended March 31 2016, compared with the same period in the preceding year, when just 385 transgressions were noted.

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.

$95,775 jackpot hit at WINADAY Casino - #winaday Retired widow Melissa C., a Win A Day casino player recently won a $95,775 jackpot playing the operatorís first 5x4 slot, Olympus.

2016 SCOOP Wraps up - PokerStarsí 2016 Spring Championship of Online Poker (SCOOP) claims a series of All Time Highs and the world record for richest ever online poker series.

Ruby Sevens partners with Genesis Gaming - Ruby Seven Studios will use Genesis Gaming content in its development of live and future social casinos following a licensing agreement announced Tuesday.

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