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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 :
European Union gambling jurisdictions -
The agreement forms part of the ongoing implementation of the Commission’s action plan ‘Towards a comprehensive European framework for online gambling’ of 2012, which inter alia aims to create structural cooperation between national gambling authorities to improve the protection of consumers, minors and ensure the integrity of games.
Danny Gladstone Announcement on Ainsworth Game Technology -
The market’s negative reaction to Ainsworth Game Technology’s announcement on the departure of its group manager of strategy and development, Scott Clarebrough, has prompted a response from chief executive Danny Gladstone who said “the market had over-reacted”.
Opap Files 1 Billion damages claim against Greek Government -
The Greek Government’s introduction of new lottery regulations, which effectively halt the further rollout of video lottery terminal’s (VLT), was met with an aggressive response from domestic gaming monopoly OPAP who filed a Euro 1 Billion damages claim against the Government this week.
Phil Ivey Granted Appeal in Crockfords Case -
Our readers will recall, Ivey used what he deemed a legitimate technique when playing Punto Banco at the Mayfair club in August 2012 with a female companion, however a British court ruled in favour of Crockfords in 2014 saying he breached the rules of the game
Pokerstars Boycott -
Russian online poker player and twoplustwo forum member Dani Stern aka “I from Russian” is taking on online poker giant PokerStars saying “a site that was once clearly for the players, has completely lost sight of that”.
Rock On Slot Review -
Since Rock On only offers three coin types—0.01, 0.05 and 0.10—bets can be fairly low for this game, which is great because it makes it accessible to all players, regardless of their bankroll.
A Switch in Time Slot Review -
That A Switch in Time has actually weathered the test of time speaks to the game’s durability, quality and engaging features that hook players from the get-go.
Microgaming Slots Set For Release -
Microgaming has uploaded a sneak peak at six upcoming titles “Happy Holidays”, “Serenity”, “Lucky Twins”, “Peek A Boo”, “Bikini Party” and“Dragon Dance”.
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