Poker
Final fallout from the online poker scandal.
Here's the really interesting bit:
Here's the really interesting bit:
The settlement sets the stage for PokerStars to re-enter the online card games market in the United States. The Justice Department in Washington decided last year that the Wire Act, one of the key laws used in prosecuting gambling operations, should not apply to state-approved games -- opening the door to the legalization of online poker.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
In April 2011 the Feds shut down the major poker sites in the United States.
UltimateBet money was gone for good.
PokerStars (the biggest site) was able to operate in other countries and pay off all of the American accounts.
Full Tilt (2nd biggest site) pretty much shut down. They were bought by PokerStars who paid off the Feds, but the Feds have been slow at offering restitution to the American poker players. (PokerStars paid off the people in other countries in a few months.)
On Monday I got an email that I could file a claim, and today is the first day they put the option to register a claim on their website.
I filed, so hopefully I'll get all (or most of) my money.
Money will be paid out in percentages, so if they have $100 million set aside for Americans and Americans request $200 million in payouts we'll all only get 50% of our balances.
If the money set aside is more than the claims we'll get 100% of our balance.
UltimateBet money was gone for good.
PokerStars (the biggest site) was able to operate in other countries and pay off all of the American accounts.
Full Tilt (2nd biggest site) pretty much shut down. They were bought by PokerStars who paid off the Feds, but the Feds have been slow at offering restitution to the American poker players. (PokerStars paid off the people in other countries in a few months.)
On Monday I got an email that I could file a claim, and today is the first day they put the option to register a claim on their website.
I filed, so hopefully I'll get all (or most of) my money.
Money will be paid out in percentages, so if they have $100 million set aside for Americans and Americans request $200 million in payouts we'll all only get 50% of our balances.
If the money set aside is more than the claims we'll get 100% of our balance.
WTF is ESPN doing with WSOP coverage?
Last year they started on Day 3, this year they're starting on Day 4.
They're missing all the celebs and pro players. All the personalities. There's no feel of how anyone has been doing aside from seeing their current chip total.
Terrible.
Last year they started on Day 3, this year they're starting on Day 4.
They're missing all the celebs and pro players. All the personalities. There's no feel of how anyone has been doing aside from seeing their current chip total.
Terrible.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
With very little online poker in the USA they don't have the sponsorship they once had.
In the good ol' days PokerStas, Full Tilt, and others threw millions dollars of sponsorship at them'
Oh, and I used to play online with the guy in the umbrella hat at Phily Ivy's table.
His online handle is Zachvac. I bought a piece of him when he played in Chile while back.
In the good ol' days PokerStas, Full Tilt, and others threw millions dollars of sponsorship at them'
Oh, and I used to play online with the guy in the umbrella hat at Phily Ivy's table.
His online handle is Zachvac. I bought a piece of him when he played in Chile while back.