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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 :

Q3-2014 Reports From William Hill - Online and land gambling group William Hill plc has turned in another sparkling performance - particularly from its online enterprises - in an interim management report covering the period from 2 July 2014 to 20 October 2014.

GBGA claims UK legislation breaches EU law - The Gibraltar Betting and Gaming Association has asked for a judicial review following the recent High Court defeat of its challenge to the new British point-of-consumption online gambling law

1 Year Later No Payment For Lock Poker Players - Players at the site have been awaiting pay-outs for over a year in many cases, prompting some to sell their account balances at discounted rates just to get something out amid fears of a sudden crash.

Daily fantasy sports phenomenon In perspective - The recent upsurge in fantasy sports news coverage - mainly focused on the burgeoning daily fantasy sports phenomenon - has prompted the information site Online Poker Report to carry out some research....with interesting results.

Analyses Of Sheldon Anderson Anti Online Gambling Stance - Respected poker player and writer Jeff Hwang, writing in the investment publication The Motley Fool, has examined the Adelson attempt to buy a federal internet gambling ban through the US political system, and his motivation for driving his campaign against the genre.

More Opposition Against Sheldon Anderson - Erik Telford, senior vice president at the Franklin Center for Government & Public Integrity in the United States, has come out strongly against the political influence leveraged by land casino billionaire Sheldon Adelson in his bid to ban almost all forms of online gambling.

NFL, NCAA and other sports leagues file for an injunction against new New Jersey sports betting law - With the ink barely dry on New Jersey Gov. Chris Christie's approval for a new intrastate sports betting law , the US national sports leagues, led by the NFL and NCAA have noted their opposition and intention to challenge the state again.

Public Poll On Atlantic City SPorts Betting - Hard on the heels of New Jersey Gov. Chris Christie's signing into law of the state's latest attempt to introduce intrastate sports betting , comes negative news in the form of a poll carried out by Rutgers-Eagleton that indicates flagging support for the idea.

Whats Going On With Cadillac Jack - Citing consolidation within the gaming machine supplier industry, Amaya Gaming has announced that it is to strategically review the potential alternatives for its B2B land-based gaming solutions subsidiary Cadillac Jack

Judge Dredd Slot Launches - NextGen had announced earlier in the year an exclusive licensing deal which allows for the creation of games featuring the popular 2000 AD comic character.

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