Weekly Roundup January 24 2014

Weekly Roundup January 24 2014

Full Tilt Remission Payments Processed by March 31

The Poker Players Alliance (PPA) announced on the Two Plus Two poker forum that the U.S. Department of Justice has approved $82 million in repayments to former U.S. Full Tilt Poker players.  There are an estimated 30,000 players that will get paid by March 31, according to this report.  The claims administrator, Garden City Group, has yet to make an announcement on its Fulltiltpokerclaims.com website.  The PPA states once should be expected in coming days.

This does not address some issues with affiliate or sponsored pro payments or players with a disputed balance.  The players included in this announcement are ones that have not disputed the amount owed by Full Tilt Poker.

Two States Looking to Introduce Internet Gaming

Louisiana and Iowa are expected to consider online poker and other games.  The Iowa Lottery Director expects a bill to be introduced in 2015.  A bill has been introduced in the Iowa Legislature in each of the past two years.  The Iowa Senate passed a bill in 2012, only to have it stall in the House.  A bill was introduced in 2013.  It did not receive a vote.

Louisiana is one of just a handful of states that currently makes it illegal for an individual to gamble online.  The crime is described as “Gambling by Computer” punishable by a maximum fine of $500 and up to six months in jail.  The state may move to repeal that law this year and regulated the industry, as reported by NOLA.com.  Louisiana already has casinos and race tracks with gambling.  Some parishes also allow up to 50 slot machines at locations video gaming halls.

WSOP.com Reload Bonus for Nevada and New Jersey 

WSOP.com is offering reload bonuses to players in Nevada and New Jersey.  The 100% up to $400 bonus is available between now and January 26.  The bonus clears at a rate of 20% rakeback, releases in $10 increments, and expires after 60 days.