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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 :

US Gambling Ban Supporters seeking a debate - The latest op-ed aimed at lawmakers through the Washington DC publication in The Hill appears to suggest that moves to reinstate a stricter and more specific Wire Act are really just about creating a time-out and space for legislators to debate and better inform themselves on online gambling.

Playtech's principal shareholder attacked over past history - Teddy Sagi, the forty-two year old Israeli billionaire and main shareholder in the Playtech online gambling technology empire was the target of a highly personal attack published by the UK newspaper The Daily Mail Saturday.

Tennis Odds: Nadal, Djokovic Front and Center in Monte-Carlo - Not only are Nadal and Djokovic two of the major focal points of the tennis elite, they’re also two of the most competent clay surface competitors we’ve seen in a while. No wonder the two lead the tennis futures with 2/3 odds of winning the Monte-Carlo Masters and 13/8 odds, respectively.

Eric Afriat Wins WPT Seminole Hard Rock Poker Showdown - Canadian Eric Afriat has survived an entry field of 1,795 to claim the honours and the $1.09 million top prize in the WPT Seminole Hard Rock Poker Showdown.

Tokidoki slots - By 2015, some of International Game Technology's new land slots will feature a trendy fresh theme based on the booming tokidoki lifestyle brand, according to an announcement Thursday.

Unibet Exits Russian Gambling Market - With Belclic's decision last week to reverse out of the Russian online gambling market still reverberating around the industry, the Swedish online gambling operator Unibet plc has announced that it intends to follow suit - at least temporarily.

46 percent of social casino activity is Mobile - If you haven't yet assimilated the message, now's a good time to start - mobile rocks and continues to gain ground as the delivery channel of choice for many internet punters.

Live Dealer Action For TopGame - Top Game, an online gambling software provider that has come in for a number of player criticisms in the past, has announced that it is about to add live dealer action to its range of products.

BRAZIL SET TO FORMALISE LAWS ON INTERNET GAMBLING? - The Brazilian government's latest policy drafts on the use of the internet and how it should be regulated appears to favour a more restrictive approach when it comes to online gambling.

Brasingo Launches - Brasingo, an online bingo brand that was shuttered in 2012 after a year in operation powered by Dragonfish, appears to have resurfaced in the form of a Caleta Gaming social bingo site on Facebook...and there are plans for the enterprise to go mobile within the next few weeks.

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