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The Weekly Turbo: DOJ Discusses Full Tilt Poker Repayments, Lederer Petition, and More

Weekly Turbo Did you miss any of the top poker news stories this week? Well you've come to the right place to get caught up. We're covering a hearing between the Poker Players Alliance and the Department of Justice about Full Tilt Poker refunds, a petition to ban Howard Lederer from a poker room in Las Vegas, and more. Poker Business Delay at the DOJ We're more than three months past the deal that allowed for repayment of all Full Tilt Poker players, but it appears that U.S.-based customers will be waiting much longer to recoup more than $200 million in funds that were frozen last April. On Tuesday...

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"U.S.-based customers will be waiting much longer to recoup more than $200 million in funds that were frozen last April."
Makes it sound like it was only 7 months ago. Hope we all get interest on that money...if we even get to see that money.

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That money is so frozen a flock of penguins would love to relocate there Smile

The DOJ is making very nice interest on that $200 million and frankly is not keen on giving it up so get ready for all sorts of rules, hoops, and barriers to getting that money. It is no secret that the DOJ has made an unimaginable amount of money by fining online poker sites. Since most serious online poker sites have just basically written off the U.S. market, the DOJ has to make easy money in other ways, the current favourite looks like making the process to get paid torturous and probably subject to tax regulations. Good luck with that environment.

flintsword
"The lucky player is usually the player that knows how much to leave to chance."

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