PokerStrategy Sues Pocket Kings for $1.2 Million in Unpaid Ad Revenue

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According to eGaming Review(EGR), PokerStrategyhas filed a $1.2 million lawsuit against Pocket Kings. The legal action is in regards to “an existing marketing agreement signed before Full Tilt saw its operating licenses suspended by the Alderney Gambling Control Commission in June of last year.” Pocket Kings still owes $1.2 million of the deal. The lawsuit is not against PokerStars.

PokerStars purchased the assets of Full Tilt Pokerin a deal that was officially consummated on Thursday with a $225 million payment to the DOJ. But, according to EGR, “the case has been brought against Full Tilt Poker’s former marketing division rather than PokerStars itself.”

PokerStrategy officials told PocketFives that PokerStars’ legal team was fully informed and aware of its claim prior to filing.

PokerStrategy’s Chief Executive Officer Dominik Kofert told EGR why the filing came one week after the sale of Full Tilt Poker’s assets to its one-time rival was announced: “We only filed the claim this week, as we did not want to stand in the way of Full Tilt Poker reaching an agreement with the DOJ to return missing funds to the affected poker players.”

PokerStrategy was a major partner of Full Tilt. EGR revealed that at the height of its relationship with Full Tilt Poker, PokerStrategy was sending 30,000 players per month to the room. Whether those were general sign-ups or depositing players remains to be seen, but Full Tilt, thanks in part to sites like PokerStrategy, became the second largest online poker room in the world in terms of cash game volume, second only to PokerStars.

In fact, according to EGR, PokerStrategy is “believed to have provided the bulk of the operator’s non-U.S. players after Tilt was forced to withdraw from the U.S. following Black Friday.” Non-U.S. players were able to partake in Full Tilt’s real money games until the Alderney Gambling Control Commission suspended the room’s license in June 2011 on the grounds that it had been misled; the agency revoked Full Tilt’s license three months later.

Non-U.S. Full Tilt players will be reunited with their funds by way of PokerStars within 90 days, while U.S. players will need to file a claim with the Department of Justice in order to be made whole. There is no timetable laid out for the latter group and the Full Tilt lawyers we’ve spoken to are unaware of what the payout process will be.

This isn’t the first suit against Pocket Kings or an entity associated with Full Tilt Poker. Among the various legal filings over the last 16 months was a suit by Nick Hammer, Robin Hougdahl, Steve Segal, and Todd tbt4653Terry released in April 2012 that charged Full Tilt front men Howard Lederer and Chris Ferguson with “conversion” and “exercising unlawful dominion and control over player funds.” Terry and company had originally filed a suit under the RICO Act that was dismissed in January.

In October of last year, one month after Full Tilt’s license was revoked, a $900 million class action lawsuit was levied against Full Tilt. That one accused the site of “fraud, unjust enrichment, ‘a pattern of racketeering,’ and ‘brazen money-laundering.'”

16 COMMENTS

  1. Fck you PokerStrategy….now you come out of the closet???? …”We only filed the claim this week, as we did not want to stand in the way of Full Tilt Poker reaching an agreement with the DOJ to return missing funds to the affected poker players.”…
    ya sure why don’t you tell the truth in why your doing this NOW!!!….your full of BS too!!!…Oh lets see $1.2 million to send people to a poker site??????….why don’t you and your site go take a hike you slime ball!!

    • Fck you PokerStrategy….now you come out of the closet???? …”We only filed the claim this week, as we did not want to stand in the way of Full Tilt Poker reaching an agreement with the DOJ to return missing funds to the affected poker players.”…
      ya sure why don’t you tell the truth in why your doing this NOW!!!….your full of BS too!!!…Oh lets see $1.2 million to send people to a poker site??????….why don’t you and your site go take a hike you slime ball!!

      Imo PS didn’t buy “Pocket Kings”, but Full Tilt brand only. So the sue will go to the former division as stated in the text, not to PS. So its not like anyone who shouldn’t get shit on them would get any shit on them.

    • FOff!!!! poker strat, If you really gave a shit, why dont you let the 30,000 people a month you f-ed over by referring them to tilt get their money first!!!!

    • I would imagine 1.2 million is a lot to poker strategy. I also imagine they were in a contract of some kind, and we’re never paid for services rendered. The players want their money back, is it unreasonable for companies that did business with FTP to also want their money?You would do the same thing, because it’s what’s right and fair and just.

    • Why the hate on PokerStrategy? They didn’t believe FTP would make it out of this mess and they didn’t want to hurt the small chance it might. They have a right to what’s owed them just like we do.

    • FOff!!!! poker strat, If you really gave a shit, why dont you let the 30,000 people a month you f-ed over by referring them to tilt get their money first!!!!

      Yes i completely agree ….ofcourse they don’t give a shit about us poor poker players ..you bunch of greedy bastards…I hope PokerStars sues your smelly greedy ass for even trying to get away with something like this and when they do you get absolutely nothing as that is exactly what you deserve!!!!……fck, don’t business owners have any morals now a days?????….

    • Hi all, I would like to add a clarification to the article. The claim filed is not against PokerStars and only against Pocket Kings, who were responsible for Full Tilt Poker prior to the events of Black Friday. Further – in order to avoid any confusion – PokerStrategy.com ensured that PokerStars’ legal team was fully informed and aware of its claim prior to filing. Best regards, Dominik Kofert CEO, PokerStrategy.com

    • Hi all,

      PokerStrategy.com’s claim is not against PokerStars but against PocketKings who were responsible for Full Tilt Poker prior to the events of Black Friday.

      Further – to avoid any confusion – PokerStrategy.com ensured that PokerStars’ legal team was fully informed and aware of its claim prior to filing.

      Best regards,
      Dominik Kofert
      CEO PokerStrategy.com

    • Hi all,

      the claim is not against PokerStars but against PocketKings who were responsible for Full Tilt Poker prior to the events of Black Friday.

      Further – to avoid any confusion – we ensured that PokerStars’ legal team was fully informed and aware of its claim prior to filing.

      Best regards,
      Dominik Kofert
      CEO Poker Strategy dot com (the site seems to block the proper string)

    • Hi all,

      PokerStrategy.com’s claim is not against PokerStars but against PocketKings who were responsible for Full Tilt Poker prior to the events of Black Friday.

      Further – to avoid any confusion – PokerStrategy.com ensured that PokerStars’ legal team was fully informed and aware of its claim prior to filing.

      Best regards,
      Dominik Kofert
      CEO PokerStrategy.com

      Mr. Kofert….
      * well sir why in heavens name didn’t you file a claim against Fulltilt (Red Kings) as soon as you didn’t receive your add revenue a year ago?….(please come back here and enlighten us!)
      * so you informed your Pokerstars legal team before filing…well isn’t that so considerate of you….i’m sure Pokerstars will now get on it right away and just hand over the $1.2 your sueing for…and not only that i suppose Pokerstars will now be more than happy to let you put both Pokerstars and FullTilts ADDS on your site for future revenue….well perhaps now you blew this one to hell but then again thats your business!!!
      * in peoples eyes you are trying to pull of a fast one!
      Nevertheless, here is a thought * amend your claim based that all the players to get paid FIRST and thereafter to atend to your claim accordingly!!!!!!!
      Best regards;
      Us caring poker players!

    • Mr. Kofert….
      * well sir why in heavens name didn’t you file a claim against Fulltilt (Red Kings) as soon as you didn’t receive your add revenue a year ago?….(please come back here and enlighten us!)
      * so you informed your Pokerstars legal team before filing…well isn’t that so considerate of you….i’m sure Pokerstars will now get on it right away and just hand over the $1.2 your sueing for…and not only that i suppose Pokerstars will now be more than happy to let you put both Pokerstars and FullTilts ADDS on your site for future revenue….well perhaps now you blew this one to hell but then again thats your business!!!
      * in peoples eyes you are trying to pull of a fast one!
      Nevertheless, here is a thought * amend your claim based that all the players to get paid FIRST and thereafter to atend to your claim accordingly!!!!!!!
      Best regards;
      Us caring poker players!

      Hi K5VERB,

      your questions are already answered in the news, but I will explain once more:

      Full Tilt Poker has a marketing agreement with us, under which there is – among other continuing obligations – an outstanding invoice of approximately $1.2m. This has been outstanding since Full Tilt Poker was forced to suspend operations in June 2011 due to the revocation of its licence.

      Despite the large sum of money involved, we were careful to file the claim only after the rescue of Full Tilt Poker was completed as it was of the utmost importance that this claim would not jeopardise any potential deal, player bankrolls or the resurrection of Full Tilt Poker.

      Thus, our claim has nothing to do with players getting repaid or not. That the players get repaid is a done deal and we deliberately waited with our claim until it was done.

      Also, our claim is not against PokerStars (who is repaying the players) but against PocketKings (who were running Full Tilt before they went offline).

      Best regards,
      Dominik

    • Hi K5VERB,

      your questions are already answered in the news, but I will explain once more:

      Full Tilt Poker has a marketing agreement with us, under which there is – among other continuing obligations – an outstanding invoice of approximately $1.2m. This has been outstanding since Full Tilt Poker was forced to suspend operations in June 2011 due to the revocation of its licence.

      Despite the large sum of money involved, we were careful to file the claim only after the rescue of Full Tilt Poker was completed as it was of the utmost importance that this claim would not jeopardise any potential deal, player bankrolls or the resurrection of Full Tilt Poker.

      Thus, our claim has nothing to do with players getting repaid or not. That the players get repaid is a done deal and we deliberately waited with our claim until it was done.

      Also, our claim is not against PokerStars (who is repaying the players) but against PocketKings (who were running Full Tilt before they went offline).

      Best regards,
      Dominik

      Mr. Kofert….

      Thank you for coming back here to explain further and even though i do not agree, i do wish you well!

    • Mr. Kofert….
      * well sir why in heavens name didn’t you file a claim against Fulltilt (Red Kings) as soon as you didn’t receive your add revenue a year ago?….(please come back here and enlighten us!)
      * so you informed your Pokerstars legal team before filing…well isn’t that so considerate of you….i’m sure Pokerstars will now get on it right away and just hand over the $1.2 your sueing for…and not only that i suppose Pokerstars will now be more than happy to let you put both Pokerstars and FullTilts ADDS on your site for future revenue….well perhaps now you blew this one to hell but then again thats your business!!!
      * in peoples eyes you are trying to pull of a fast one!
      Nevertheless, here is a thought * amend your claim based that all the players to get paid FIRST and thereafter to atend to your claim accordingly!!!!!!!
      Best regards;
      Us caring poker players!

      Reading comprehension is hard.

      Common sense is complicated.

      Your an idiot