Update: Full Tilt Deal, Global Gaming Expo – 10/04/2011

October 3rd, 2011

 
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Weekly Update from Rich Muny, VP of Player Relations

The big news this week, of course, is the signing of the acquisition agreement between Groupe Bernard Tapie and Full Tilt Poker. Player repayment is being promised by the parties involved. Here is a quote from a Washington Post article on the matter:
Full Tilt said the agreement includes a plan to repay balances of players worldwide who haven’t had access to their gambling funds since April.
Needless to say, it is my hope that we all get repaid in full as soon as possible. More specifically, it is my hope that the Justice Department will, once obtaining iron-clad guarantees of repayment from any party wishing to purchase Full Tilt Poker, work to fast-track settlement of all outstanding issues. As the DoJ has identified players as the victims in all of this, I expect they will welcome a settlement that addresses player restitution.

For more on this issue:

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Interviews

PPA comes before poker media to take on the tough questions as often as possible, as the questions we receive at these interviews are representative of the issues in which the poker community is most interested. I appeared on Short Stacked Radio last Tuesday (click here to listen…I come on at time point 1:29:00) and answered lots of questions. I will be back on their program this evening (9/4) at 9:30 pm ET. You can listen live at http://shortstackedradio.com/radio. If you have a question for me that you would like me to address on the show, please email it to me so I can answer it for you.

 

 
PPA Report from Gaming Conferences

For the past few days the PPA has attended and participated in two of the largest annual conferences of the gaming industry.  On Sunday, the PPA helped to arrange a keynote speech delivered by Congressman Joe Barton, author of the Online Poker Act of 2011, at the International Association of Gaming Advisors in Las Vegas.  Influential gaming attorneys, industry executives and key state and tribal regulators crowded the room to hear Congressman Barton deliver a candid view on the prospects of federal legislation.  In short, he expressed optimism that a deal could be struck over the next six months and that several opportunities will present themselves in which to include Internet poker legislation.  First and foremost being the newly created Deficit Super Committee which will need to make recommendations to Congress before Thanksgiving.  Further, Congressman Barton said he believes his bill (H.R. 2366) will be given a hearing in the House Energy and Commerce Committee in the coming weeks.  This is welcomed news and provides us a great forum to explain the merits of appropriate regulation in a public setting.  Please stay tuned for more information on the exact timing of a hearing on Joe Barton’s H.R. 2366.

On Monday, the PPA attended a full day of meetings and panel discussions at the Global Gaming Expo’s iGaming Congress.  The fact that the Global Gaming Expo which is sponsored by the American Gaming Association (a coalition of U.S. brick and mortar gaming interests) has dedicated a full day of its conference to discuss Internet gaming, and primarily Internet poker, represents a huge evolution in support for this online game of skill.  The PPA plays an important role at these meetings to ensure that the viewpoints of the players do not get lost in the discussion of how gaming companies can best monetize their interests in cyberspace.  Gaming operators cannot credibly talk about potential revenues and business opportunities until they fully realize that the consumer will ultimately drive the Internet marketplace.  The PPA will continue to provide the players a voice at these conferences and others.  And, we will continue our advocacy efforts in Washington D.C. and elsewhere so that lawmakers understand the importance of the player in the larger debate about regulation of Internet poker.
 

 
The PPA wishes to keep active members like yourself updated on the latest poker advocacy news by periodically sending out select events and headlines. We hope you find it informative and thank you for your continuing support.


 
 
 
 
Full Tilt Poker’s Acquirer Shows His Cards – New York Times (10/03/2011)
 
 
 



The Poker Players Alliance
Dedicated to Protecting America’s Favorite Card Game

The Poker Players Alliance is a nonprofit membership organization comprised of poker players and enthusiasts from around the United States who have joined together to speak with one voice to promote the game and to protect poker players’ rights. Visit us at theppa.org 

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