It's been a few weeks since PokerStars acquired Full Tilt after striking a landmark $731 million deal with the DOJ. Since that time, there has been an onslaught of rumors and information pertaining to Full Tilt Poker latest news and player refunds. Clearly, there is still plenty of dust yet to settle from this historic…
Good news for American Full Tilt Poker account holders, as the Department of Justice (DOJ) is all ready to start start the long awaited reimbursement process, just as soon as they find a payment processor to help them with the heavy lifting. This week the DOJ posted a call for companies interested in taking on…
[caption id="attachment_24278" align="alignright" width="275" caption="Burtnick finally folds."][/caption] Nelson Burtnick has finally folded. Poker news sites and forums are reporting that the former Full Tilt Poker payment processor is returning to the US to face criminal charges in connection with the Black Friday case. He's facing eight charges money laundering and bank fraud connection with the…
The poker world was sent into a frenzy last Friday when Wendeen Eolis reported on behalf of Poker Player Newspaper that an "impeccable resource" of hers confirmed the negotiations between the US Department of Justice and PokerStars with respect to a buyout of Full Tilt Poker have reached completion. Eolis generated excitement on poker discussion…
Bloomberg reported recently that Ira Rubin, one of the 11 men indicted by the US Department of Justice on Black Friday, has received a three year prison sentence. Rubin was also ordered to forfeit $5 million he made by illegally processing payments for online poker rooms PokerStars, Full Tilt Poker, and Absolute Poker on behalf…
Alderney Gambling Control Commission (AGCC) is moving to protect gaming integrity by requiring gambling sites to maintain separate accounts for player funds. The new regulations are set to take effect in January of 2013. To insure compliance with the new regulations, the AGCC will also be required to submit monthly reports proving that the money…
Here’s a brief timeline of notable online poker site closures since Black Friday (and one that took place well before that dark day). [caption id="attachment_23860" align="alignleft" width="199" caption="Dutch Boyd"][/caption] Pokerspot.com - 2001 Pokerspot.com was a popular site run by professional poker players Dutch Boyd back in 2000. While the site was definitely blazing the trail…
With the surrender of Full Tilt Poker CEO Ray Bitar earlier this month, the Black Friday saga appear to be finally coming to a close. With legalization on the horizon, here are six lessons to be learned from the FTP saga. #1 Value Your Players How hard is it to not steal money from your…
[caption id="attachment_23580" align="alignright" width="200" caption="Rafe Furst"][/caption] Black Friday figures Rafe Furst and Howard Lederer are seeking a dismissal of the civil case against them in a California court. The men filed a motion to dismiss the the $42 million lawsuit based on a lack of evidence and the claim that Full Tilt Poker (FTP) did…
[caption id="attachment_23499" align="alignright" width="205" caption="Don't give this look in open court."][/caption] Full Tilt CEO Ray Bitar posted a $2.5 bail bond and was released from a Manhattan jail on Monday night. Bitar spent a full week in lockup after returning to the United States from Ireland to face gambling and fraud charges in connection with…
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