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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.
Recent Gambling News :
Mr Green CEO Mikael Pawlo To Step Down -
A statement Thursday from online casino company Mr Green reveals that chief executive officer Mikael Pawlo is to step down in June 2015 as chief executive of the AktieTorget-listed company, but has been nominated to join the board of directors.
RTG Launches Wild Wizards Slot -
Wild Wizard symbols and Spell Book scatters trigger free game features with Held Expanding Wilds, Mad Magic Multipliers, Bonus Symbols and Extra Wilds in the new release of this 25 pay-line video slot.
Winaday Casino Launches Castle Siege Slot -
WinADay online casino has launched its latest proprietary slot, titled Castle Siege, the thirtieth product from its in-house studios, and its first product to offer a new Sticky Wild feature.
Ezugi has unveiled its new games lobby -
Live dealer system provider Ezugi has unveiled its new games lobby and Hybrid Blackjack game to allow unlimited players at a blackjack table along with Games Marketingís 21+3 and Perfect Pairs Blackjack sidebets.
Microgaming first real money casino app -
The app is suitable for any device running on either Windows Phone 8.0 or Windows Phone 8.1, and was developed from scratch using native code and native user interface components. It features over 35 quality Microgaming games, including online slots, progressives, table games and video poker.
Ladbrokes Now Carrying NextGen Games -
NextGen Gaming, the Sydney, Australia based games studio subsidiary of NYX Gaming, has launched both mobile and desktop games from its inventory on the Ladbrokes online casino site.
Daily Fantasy Legend Launches -
A company spokesman revealed this week that MGT's goal is to widen its fantasy sports audience, using the free-to-play format to attract a younger demographic to its social gaming offers.
Titanbet Partners With talkSPORT -
The online sportsbook has joined forces with the stationís Kick-Off show, presented by Mark Saggers, which attracts over 800,000 listeners a week and will include a number of Titanbet on-air mentions.
FBI Questioned on Conduct in Paul Phua SportsBetting Bust -
Witnesses from the Nevada Gaming Control Board, the FBI, Caesars Palace and a service provider have been closely questioned regarding their conduct in a sting operation against a $13 million online gambling ring allegedly operating out of the Caesars Palace resort in Las Vegas during the FIFA World Cup football championships earlier this year
Wizard Of Odds Site Sold For 2 Million -
The Wizard of Odds site has been a respected and valuable reference point for years, with Shackelford providing unbiased and professional views on matters gambling backed by solid mathematics and a knowledgeable insight into the industry.
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