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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:
Information is also available from the toll-free hotline number at (866) 250-2640.
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Recent Gambling News :
LADBROKES LAUNCHES LIVE DEALER GAMES FROM PLAYTECH -
Online gambling technology and content provider Playtech, and its licensee the UK-based Ladbrokes online and land gambling group, have announced the launch of Live Games across both online casino desktop and mobile channels.
Weekly High Limit Poker Report -
There was at last good news for Gus The Great Dane Hansen, too - he finished the week up $415,488 - a useful offset against his reported career losses in excess of $16 million.
11 Arrests in Ontario Online Gambling Raid -
Following a two year investigation based on information from Canada's Organised Crime Enforcement Bureau, provincial police in Ontario arrested eleven people and executed search warrants at five residential premises and four cars this week on 43 charges that include online gambling, drugs and illegal weapons.
Monoloply Level Up Plus Jackpot Pays -
A Millstone, New Jersey online punter harvested the biggest jackpot yet in the state's newly legalised online gambling market this week, hitting a $84,300 windfall on IGT's Monoloply Level Up Plus slot.
No Plans For Canbet -
The Canbet issue reported by us last month appears to be going from bad to worse, with new revelations flowing from extensive Australian media coverage, and one of the company's Australian-based directors revealing that there are no plans to revive the company.
Unibet To Sponsor Ultimate Fighting Championship -
In a 2-year sponsorship deal covering Britain, Ireland, Scandinavia, Belgium, Netherlands, France and Australia, online gambling group Unibet has signed up with the Ultimate Fighting Championship MMA organisation.
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