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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 :

Winaday Launches Zodiac Slot - Online casino WinADay, which is powered by proprietary software, has announced the launch of a new 5 reel, 40 pay-line slot branded Zodiac.

Paul Telford joins Annexio Group - Paul Telford, a 17-year veteran in the online gambling industry and former General Counsel at Pokerstars parent The Rational Group, has joined the Isle of Man-based Annexio Group, a lottery betting services provider, in a similar capacity.

NYX Gaming Raises 10.5 Million in Capital - Online gambling software and games provider NYX Gaming has announced that it has secured a private placement of $10.5 million with an unidentified private investor.

Microgaming Gets Romanian Gambling License - A number of Romanian and .com operators are now preparing to take Microgamingís Quickfire platform live in Romania, Prima advised Thursday in a press release. Supporting hundreds of games on desktop and mobile, Quickfire is designed for rapid deployment.

MYBET SHUTS DOWN ONLINE POKER OPERATIONS - Earlier this year MyBet announced that it was reviewing its poker vertical following a disappointing financial performance the previous year, when the vertical contributed a mere Euro 1 million to overall revenues of Euro 63 million.

2016 WSOP Event 35 - Poker pro Michael Gathy became only the second Belgian to win three World Series of Poker bracelets in his victory this week when he defeated Adrien Allain of France in the $5,000 buy-in Six-Max NLHE event to claim the top prize of $560,843.

2016 WSOP Event 36 - Going into the heads up against French ace Fabrice Soulier, Awad held a 3 to 1 chip advantage which Soulier was unable to overcome despite scoring two big double ups. The French professional player busted out for a consolation prize of $131,762

Adda52.com capitalises on it partnership with WPT - Indian online poker operator Adda52.com is making the most out of the promotional opportunities inherent in its partnership deal with the World Poker Tour, reporting that its next promo will be titled "Your Ticket to World Poker Tour - Rozvadoz edition."

IsoftBet Gets Romanian Gambling License - London-based online gambling software and games provider iSoftBet has announced that it has secured a supplier licence from the Romanian regulator allowing it to service Romanian-licensed operators in the new market.

Schalke Extends Shirt Deal With Bundesliga - The German Bundesliga football club Schalke and online casino operator bet-at-home have extended their five-year-old sponsorship deal for a further two seasons to end-2018.

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