Why would we have to wait til next year it shouldn't take near that long to hire the claims administrator and get things set up. If we don't hear anything within 2 weeks I'm going be very pissed.

get ready to get pissed

You cannot be serious with this ****. You are happy that stars paid ftps debts to the us and a players but the gov't is just holding it until they get around to paying the players the money they are OWED? FFS man

That just means he doesn't have more than a few sheckles coming to him from the government.

I guess. He doesn t understand how the world works in real life.

just seems so ***** ABSURD for our government to go through all these negotiations and basically forget their own players...

We're talking about a large federal agency dealing with thousands of people, so whatever your typical perception of a "reasonable" time frame would be to hear something go ahead and at least double that. It sucks. Find a happy place.

My check from stars arrived within a week after BF. All the systems were/are already in place for fast cashouts to the victims over this. They are just ignored so that crooked peeps can continue to get more crooked checks.

Not sure if you heard, but FTP had some issues that Stars didn't.

Some of you guys are a bunch of whiny, ungrateful little bitches. We're lucky to be getting our money back at all.

Have they even decided on the account balance or total deposits yet? Just kinda glance at this now... seemingly as the hard part is over.

Would be really sad for all the sharks if they only got there deposits back. Wouldn't be surprised of the DOJ just keep all the funds. What are we gonna do, right? Oh yeah, nothing. Because they don't care about us or our opinion on the matter. They see us as a bunch of addicted online gamblers. Its really a shame.

TBH i'm not at all worried about the whole deposits vs account balance thing... just want to hear something with regards to a timeline. WHEN scares me.

Whatever they have decided they ain't telling till it is finalized. As to when, it's not even in "next week" territory yet. IMO

Not sure if you heard but stars bought FTP and paid our govt' the balances owed to the players from ftp. Hes saying everything was in place for stars to send out checks to the usa players but the gov't said no thanks we will just take our sweet ****ing time to find some other processor that we didn't need to do it.

I'm sure the government is doing this to make extra money. I'm sure a good percentage of the money will not get claimed.

Nah, that could have been part of the negotiation to let Stars handle the payout. The two most plausible reasons are some kind of legal technicality that they could have worked around but didn't want to, or the government wanting to get to play the role of hero and give it good press for being behind the repayment of victims.

Its just the way busniness works and I don t think they expected there were 1.3 million acccounts. I would assume at this point they have selected someone/company to handle the payments. Npw they have to get set up.

relax, in time it will come. I hate to see you you react when ROW players are getting their money

Accept bids: done
shortlist bidders: probably done
negotiate contract
staff the project
come up with plan
approve plan
start

Not a small process. Government has to do it a certain way.

Thats a good list...

Stars did not buy FTP. They bought many of its assets.

Stars did not pay the government the balances that FTP owed its players. In the first of (four?) scheduled payments, they paid an amount of money that happened to be bigger than what FTP owed its US players. There is nothing in the Settlement agreement that ties this payment to FTP player balances.

Nothing was in place for Stars to pay US players.

The DoJ aren't trying to find a payment porecessor. They are/were looking for a claims administrator, which is not at all the same thing. They need a claims administrator because they are not paying back player debts; they are paying compensation to victims of crime who petition the government for remission. They need an outside party because, with 1.3M accounts involved, the job is too big for the AFMLS to do it in house.

If they wanted to make the most money, they just wouldn't bother with a remission process. Making remission available is at the discretion of the govenment. They don't have to do it.

The DoJ hasn't paid remission in many illegal gambling cases. You can thank the PPA for their lobbying efforts to give this a high enough profile for remission to be applied.

Wanna put a bet on who has more money owed to them from FTP ?

we would all have our money in hand if they just let pokerstars handle the cashouts.

FYP.

US players are not getting cashouts or repayment of the debt FTP owed them. They are going to get compensated for losses due to crime. Not at all the same thing, legally. Might be the same $ amount though.

And no, you wouldn't have your money by now. The DoJ is letting Stars handle FTP's ROW player payments as cashouts, and those haven't been paid yet.

The question is:
What is it about the different legal situations affecting US play and ROW play that led to the DoJ wanting to handle payments to ROW as debt repayment but payments to US as remission to crime victims? After all, ROW players were also victims of the same crime.

I will.