 The US Department os Justice is seeking qualified companies to handle the Full Tilt Poker case. The DOJ estimates that around 1.3 million people are owed approximately $159 million by FTP, so they need a third-party company with experience in the business to take on the massive task of paying them back. Interested parties may submit an application by August 31st, but there's still no date for the end of the hiring process.
An employment notice for a Claims Administrator was recently listed on the Department of Justice website. The Claims Administrator “will design and execute a process to solicit, receive and evaluate claims, and to process payments, for losses incurred by U.S. victims” of FTP. Among other things, the application requires interested companies to disclose any prior contacts with any online poker site or gambling company that could suggest some conflicts of interest.
Both price and experience will influence the government's decision on which firm will be hired. It's certain that the DOJ has enough money to settle all the US players debts, as just recently PokerStars made an initial payment of $255 million to the government. On July 31, PokerStars came to an agreement with the DOJ to purchase FTP for $547 million and, in addition, pay the pending debts with customers around the world, which account for around $184 million. According to the deal, PokerStars has to make three payments to the US government.
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