The Dirty Stack – Petition of Remission, Online Gambling Popularity

The Dirty Stack - Petition of Remission, Online Gambling PopularityThe Full Tilt Poker administrator, Garden City Group (GCG), in charge of the forfeited funds in which U.S. customers are awaiting payment can breathe a sigh of relief as the announcement for the claims process has finally been made.

Beginning September 16, 2013, GCG will email all eligible claims instructions for submission of a Petition for Remission. The estimated funds reimbursement is $300m. Claimants will have until November 15, 2013 to issue their claims.

According to the GCG website, “the calculation formula to be used for the Petition for Remission process will be based on players’ final balances with FTP as of April 15, 2011 (the “FTP Account Balances“).

Players that do not receive a email with instructions must contact the administrator via the website and file a claim online using the directions that will be provided on this website.

Playtech has been announced as the Gold Sponsor in the upcoming International Gaming Awards, 2014 will mark the 7th annual event that has been hailed the “Oscars” of the gaming industry. Clever Duck Media made the announcement as IGA organizer Colin Thompson stated, “We are delighted to announce that Playtech will be the Gold Sponsorto the prestigious International Gaming Awards for another year. The International Gaming Awards honors the best in gaming entertainment and technology and Playtech is the known Leader on the market with a lot of industry awards under their belt.

Playtech recently partnered with online betting and gaming leader Ladbrokes, offering a “Vegas” tab turnkey solution on the website for the British Bookmaker. Playtech will provide Ladbrokes customers with its catalog of over 400 games as a part of the “open games solution” provided by the software developer.

In June, it was announced that Playtech sold its 10 per cent stake in Sportech, as it was moving away from the U.S. regulated market, at the same time it was also announced the Mor Weizer, Playtech chief executive, also resigned from the Sportech board.

UK bookmaker William Hill has shut down online operations in Asia starting yesterday, August 19th 2013. According to resources, Hill made the announcement stating “regulatory reasons beyond our control,” and that it would remain so “for the foreseeable future”.

“Bettors will be able to check their accounts and withdraw any outstanding balance at any time, unless we notify you otherwise in the future, by logging in, selecting “My Account” and then “Withdraw” to request a return of their outstanding balance.”

In Australia, a recent study found that South Australian punters lost $731 million on poker machines last financial year, down $60 million from 2006-07 highs. The blame is stemming from the belief that more and more Australians are opting to gamble online.

Anti-pokie advocates claim that online gaming is the next war on problem gambling. In the past five years, as online gambling popularity grew sales in pub have gone down drastically as regulators struggle to keep up with a rapidly-changing market.

Senator Nick Xenophon stated, “The next wave of problem gamblers will come from online gambling.”

And finally, back in Canada, the growth of online gambling has also seen a steady rise as Canadians enjoy the right to real money online gambling games. With British Columbia’s Playnow.com and Quebec’s Loto Quebec, two of Canada’s regulated online gambling websites, a third province is set to launch with Playnow Manitoba.

Each of the provinces share their player poker pools to enhance the amount of players as well as larger prize pools for tournaments. It is also stated that sometime in 2013 Ontario residents will be able to purchase lottery tickets and play “casino-style” games with poker, bingo and sports betting soon to follow.

In poker related news, iGaming.org has released their latest interviews with Martin Bradstreet as featured in BetRaiseFold documentary. In the first of a series of conversations with Bradstreet he goes into depth about the mind of a poker player and the one of a musician. Bradstreet sees strong parallels in the learning curve, the way the two think and how he fits into both worlds.

Nick DiVella takes on another insane prop bet, “Six Days in a Bath Tub For $22,500!” And don’t miss out on the latest interview with Matchbook CEO and EPT Monte Carlo runner up, Andrew Pantling.

To round things up for this latest addition of “The Dirty Stack,” we head over to J Todd and this week’s “Perspective Weekly” as the topic is all about, “Gambling, Religion and Politics.” UK taxing the gaming industry and online poker legislation in the U.S.

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Article source: http://www.casinoscamreport.com/2013/08/20/the-dirty-stack-petition-of-remission-online-gambling-popularity/

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