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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:
Information is also available from the toll-free hotline number at (866) 250-2640.
Gambling News :
ACR $150,000 Freebuy Super Series II -
The much-anticipated $150,000 Freebuy Super Series II kicks off on Friday, August 28th. The 10-day tournament series features tourneys with $0 buy-ins and real money prizes. Poker players can register for free and play in all tournaments without opening their wallets.
LibertySlots $5000 Labor Day Slots Tournament -
The 13-day slots tournament will be played on the new Lucky Beans slot and will continue until September 8th when a champion will be declared. The top scoring player will win $1000. GET YOUR FREE ENRTY HERE
PaddyPower Spike in share price as merger news breaks -
Betfair’s share price rose 21.36 percent to GBP 31.59 as we went to press effectively increasing the worth of Wray’s 9.5 percent holding by at least GBP 50 million. Betfair’s market capitalization at close today was GBP 2.809 Billion.
New Hires for NYX Gaming Group -
Thomas previously served as chief marketing officer for part Caesars-owned Drai’s Enterprises, prior to which he held senior positions at Caesars Interactive Entertainment and was managing director for Tombola.co.uk
More UK Gambling Licenses for EveryMatrix -
Software developer EveryMatrix has been awarded a General Software Licence, a General Betting Standard Real Event Licence in addition to a Casino Licence from the UK Gambling Commission.
Updates on New Jersey SportsBetting Appeal -
New Jersey's long-running attempt to open up sports betting and get around the provisions of the restrictive Professional and Amateur Sports Protection Act has suffered another defeat following a decision by the Philadelphia-based Third US Circuit Court of Appeals this week to uphold PASPA's ban on all sports betting except for four states
Bwin/Party Asking for Clarity on GVC Bid -
In the ping pong game that the Bwin-Party - GVC Holdings takeover negotiations appears to have become, the former company issued yet another statement Thursday, confirming that "...key aspects of GVC’s proposal have now been addressed to bwin.party’s satisfaction," but advising that it is now asking GVC for clarity on the best terms on which GVC is prepared to make a formal offer.
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