About 2 months ago Full Tilt Poker was dealing cards as one the top three internet poker sites. How quickly things can turn. April 15th brought down FBI indictments and a loss of their domain along with Pokerstars, Absolute Poker and Ultimate Bet. Shortly after they reached a deal with prosecutors to get their domain back only to process withdrawals along with Pokerstars, since then Pokerstars has paid back over $120 million to players and the other sites…zero.
All the sites continue to operate overseas, until this week when Alderney Gambling Control Commission canceled Full Tilts license. With no license in place it leaves the roughly $150 million owed to U.S. players in limbo. They are also facing a lawsuit filed by Phil Ivey as well as the U.S. government seeking to recover $3 billion from the big three online poker sites.
According to the LA Times, attorneys from Full Tilt announced an agreement yesterday that will allow a European group to put up enough money to pay back U.S. players and settle a civil lawsuit brought by U.S. attorneys. In doing so this group will get a major stake in Pocket Kings, Full Tilt Pokers Irish parent company the attorney said but so far all parties remain anonymous.
According to Phil Ivey’s attorney David Chesnoff “Mr. Ivey intends to dismiss his lawsuit as he believes Full Tilt is taking steps to see that the players are paid,” which he was ready to do on Thursday.
A U.S. attorney’s spokesperson declined comment on the situation but hopefully this is good news to U.S. poker players with money still in limbo with Full Tilt Poker. There has been no word when the agreement will be official or when withdrawals can be processed.
Tom Horn Gaming, an online casino provider, has launched another great table game, Announced Bets European Roulette. With this title, the brad elevates traditional roulette and introduces players with modern features in this game. This roulette variant serves as the perfect title for the provider's portfolio of casino games that keeps new players more engaged. Using cutting-edge technology, the game provides a realistic live casino experience that players can enjoy from various devices.
One of the problems that has come up around bitcoin-based casinos is the chance that the currency itself will not be treated as currency regarding certain types of tax situations. In Europe, for example, there was the question that the cryptocurrency might not be considered a currency at all. If not, then it would be subject to the value added tax, and that would make it a much less attractive option for playing at gambling sites.
The Hedqvist Case
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