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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 :
GamingSLots.com Relaunches -
Popular slots portal Gamingslots.com was relaunched Wednesday, offering a fresh new look and some brand new features. To celebrate the relaunch of the website, Gamingslots is giving away $2000 in casino money, vouchers and casino prizes in the "Know Your Slots" competition.
Playstudios Raises 20 Million in Third Round Funding -
The "self-sustaining" company raised $20 million that will allow it to "aggressively invest in our current apps or, opportunistically, find and create other apps to invest in," said chief executive Andrew Pascal in an interview with GamesBeat.
Anonymous online poker tables Good For Recreational Players -
Microgaming's head of poker, Alex Scott, says that the MPN has a transparent approach to the use of trackers and HUDs, but whilst permitting them it also gives players the option of anonymous tables, where their use is discouraged and difficult.
Will The South African Government Ban Online Gambling -
It's taken more than a decade of expensive fact-finding trips, studies and political debate, but it appears from a Business Day report Wednesday that the South African government has decided on the prohibition of online gambling rather than licensing and regulating the industry.
FBI Tactics in Paul Phua Bust Questioned -
The much publicised arrest on illegal sports gambling charges of high stakes poker player Paul Phua, his son and several other associates in Nevada during the FIFA World Cup is back in the headlines this week following defence lawyer criticism of the enforcement tactics deployed.
Is the New Jersey SPortsBetting Market Worth $11 Billion -
Numbers that have emerged during the litigation between the state of New Jersey and the US national sports leagues over sports betting show that an expert assessment values the potential market at an impressive $11 billion - surely an incentive for gambling businesses to get behind the state in pushing for sports betting legalisation.
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