| From : totalsuckage.com
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Maybe you’re like me and support the idea of health care reform. In my case I’m overweight (6 ft. 285 lbs. so I could be a linebacker or a taller version of Homer Simpson and don’t waste time guessing because you are right) and was denied regular health insurance coverage because of my weight.so when at least some health care reform was passed it directly affected me. Now there was a pre-existing condition plan. Whoopee! I HOPE YOU LIKE BUREACRACIES! To the Obama administration’s credit the... Read Full Story
| From : lowlimitblog.com
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The on-the-surface good news is that the sale of Full Tilt Poker has been finalized and all players will (when is still unclear) be receiving the money from their player accounts. The new agreement with the US Department of Justice prevents existing directors to hold shares in the new company, and GBT will have to relicense Full Tilt to start doing business again although that should be a very minor hurdle. The frightening news for US players is the way the deal is structured. What GBT and... Read Full Story
| From : lowlimitblog.com
Published to Poker
Today the Poker Player’s Alliance sent out an email suggesting that people who are owed money from Full Tilt Poker may be able to get compensation from the government if the allegations that Full Tilt was a “global Ponzi scheme” (hint it wasn’t—it was a badly run company). By portraying themselves as “victims of a crime” players can potentially get some portion of their lost money back. The Department of Justice is portraying it as if all offshore gambling is corrupt and that Full Tilt was... Read Full Story
| From : lowlimitblog.com
The Wall Street Journal is reporting that the situation at Full Tilt Poker is far worse than expected: On Tuesday, the U.S. Justice Department in a civil suit accused Messrs. Lederer, Ferguson and Furst, and another director of the company behind the Full Tilt Poker website, of defrauding thousands of online poker players out of more than $300 million that is still owed to them. The government said that, in total, the 23 owners of the site had taken out $444 million in distributions over the... Read Full Story
| From : lowlimitblog.com
Not yet published.
Bodog decides it’s going to call it quits in the USA at the end of the year. The Department of Justice (which by the way is kind of like calling a 7 foot man “shorty”) has claimed another indirect victim as Bodog decides to opt out of the US market when its new gaming license in the UK starts. Bodog said: “Following recent news that Bodog UK has been granted a gambling license by the UK Gambling Commission, we are pleased to announce further developments to the Bodog brand going forward... Read Full Story
| From : lowlimitblog.com
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No seriously, you are screwed. The newest non-news going around is the Poker Player’s Alliance new Player’s Fund Legal Guide which supposedly informs the group they call (and this is a direct quote) “individual players who have not been able to access their online poker funds held on account” or in short “everyone that didn’t have their money on PokerStars .” In this “legal guide” they basically tell the US poker player that, while technically they do have a right to the money they have on... Read Full Story
| From : lowlimitblog.com
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The Lynchpin will be Jack Binion buying out Ray Bitar’s Stake and getting Bitar out of the company. From www.scottmatusow.com As most of you know, FTP had their europe license pretty much suspended until a hearing set for July 26th can clear this issue up. However, Jack Binion has expressed a real interest in coming in and buying out Ray Bitar’s shares of FTP. The Gaming license has been primarily suspended because of Ray’s pending indictment. Take note as well, Ivey has withdrawn his... Read Full Story
| From : lowlimitblog.com
Published to Poker
holy freakin … magoly Gambling911 reports that the Alderney Gaming Commission has shut down Full Tilt Poker : They will now have a hearing about the current situation take additional steps like permanently revoking their gambling license. What does this mean for all the unpaid US players? Well for one thing it means they all just peed themselves. “In the matters of:-
VANTAGE LIMITED OXALIC LIMITED FILCO LIMITED And ORINIC LIMITED
Alderney Gambling Control Commission (AGCC) has today issued... Read Full Story
| From : lowlimitblog.com
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What’s in the bill? Why should I support it? Hey look over there it’s a shiny object! In what has recently and especially since BLACK FRIDAY been typical PPA fashion, the PPA has released an email to members asking them to support the Joe Barton bill (H.R. 2366 The Online Poker Act of 2011) saying “The bill will restore your online poker rights by allowing licensed companies to offer Internet poker with real money play to U.S. residents” Really? First, the idea that my rights will be... Read Full Story
| From : lowlimitblog.com
Published to Poker
Phil Ivey lurks around the deal in Ireland and if it goes through us players could get their money soon. Subject: Poker says that several sources have report that Jack Binion and Full Tilt Poker are in the final stages of talks whereby Binion would make a sizeable investment in Full Tilt. The money provided by Binion would initially be put towards paying US player’s balances. Obviously for US players who have balances on Full Tilt this is great news. As one of those players I can say that... Read Full Story
