New Jersey Working on Legislation
In complete lack of cooperation with Senate Majority Leader Harry Reid, the state of New Jersey is working on drafting a bill to legalize online poker in the state. Senator Rayemond Lesniak from New Jersey thinks that every state has the right to develop online poker policies in preparation for the potential federal legalization. The reason for doing so is that even if Federal Law is passed making online poker legal, each and every state will probably have to have a vote on whether or not it will be legal in the state. If a state like New Jersey already has poker legalized it will probably make their path to live play a lot shorter and less bumpy.
Full Tilt‘s Press Release
This past week Full Tilt finally addressed some of the bigger issues that have left a lot of us confused. The biggest of these issues is why they have yet to pay back players and even though the answer is not as clear cut as we would have hoped, there are some details that shed a little bit of light on the subject. For one, a little over 2 years before Black Friday even happened, the US Government had already taken money from the site, creating a financial problem before the Black Friday seizures. In addition to the government taking money from Full Tilt, one of its payment processors was also involved in stealing money from the site. And even though these two reasons are not enough to make all the people that lost money feel any better, it is helping all of us understand this situation more fully. To read the complete statement released by full tilt click here.
Looking Ahead
In the coming weeks we can expect a few things. For one, Full Tilt is expected to be a bit more vocal about their investor situation and will also hopefully fill everyone in even more about their current financial situation. Like we have said before it is unlikely that anyone else will be getting paid back by Full Tilt, but if nothing else the information that they provide us will be able to put this whole dilemma to rest. We can also expect to see some promotion news in the coming weeks, especially from sites like Party Poker.
Posted in Full Tilt Poker, Poker Industry News
