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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 :

Joe Fortune New Australian Only Casino - Joe Fortune aims to become the first choice of true Australian casino gamblers. Players are offered a selection of over 400 outrageously cool Pokies, Video Poker, Table Games and Scratchies from popular providers

KOREAN POLICE BUST ONLINE GAMBLING RING - Police based at the Seoul Geumcheon Police Station held a press conference Thursday to detail the successful break-up of an online gambling ring and the arrest of 10 individuals, including the 29-year-old ring leader, whose name was given only as Lee.

FSB Technology in deal with Mkekabet - #Mkekabet Online sports betting platform provider FSB Technology (UK) Ltd has made its first move into Africa with the launch of a website and SMS betting service for Tanzania’s Mkekabet.

Euro 250,000 Hit Caught Live on Twitch - #solidpenis A Russian Twitch poker streamer using the interesting Internet pseudonym Solid Penis freaked out spectacularly when the game he was streaming on his aKTepnopHo Twitch

NYX Gaming in deal with Global Daily Fantasy Sports - Global Daily Fantasy Sports Inc., a publicly traded company on the Toronto Venture Stock Exchange, has announced a distribution agreement that will see its desktop and mobile B2B fantasy sports platform available on the NYX Gaming Open Gaming System network.

Florida Judge Says Bitcoins Not Legal Tender - #bitcoin Florida Circuit Judge Teresa Pooler made an interesting ruling on the cyber currency Bitcoin this week, finding that it was not legal tender (ie money) but could be characterised as property.

UK Responsible Gambling Trust Warns On Bingo Dangers - The UK Responsible Gambling Trust has warned bingo players to be careful with the largely social gaming pastime, claiming that it is causing problem gambling issues that could impact one in ten players.

NSoft and IsoftBet in Deal - #NSoft a multi-channel Bosnia and Herzegovina-based provider of games and the Seven platform to the online gambling industry, has announced a distribution agreement for its games with London-based games developer and supplier iSoftBet.

New Deal or No Deal Slot Launches - #Gamesys an online gambling games developer has announced the US launch of its online slot themed on the popular television gameshow "Deal or No Deal."

Cyprus to Legalize Online SPorts Betting - The good news for online sports betting operators this week is that the areas of Cyprus under Greek legislative authority will soon legalise their activity and offer licensing.

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