PokerStrategy.com awarded judgement in Pocket Kings case
Affiliate has opened talks with liquidator of former Full Tilt marketing company over US$1.2m debt.
An Irish High Court has issued a judgement in favour of eGR Power Affiliate PokerStrategy.com in its legal dispute with former Full Tilt Poker marketing company Pocket Kings.
PokerStrategy has been awarded 828,600 “ equivalent to the US$1.2m claimed when the case was brought last summer “ however the affiliate’s general counsel remains realistic about the possibility of recouping the sum in the light of Pocket Kings appointing liquidators last month.
Damon Barnard told eGaming Review: “We are incredibly pleased with the Irish High Court’s decision and will be making every available effort to enforce judgment. That having been said, we are being realistic about our prospects of recovering the entire judgment debt, given Pocket Kings’ impressive liabilities and the fact that it is already in the process of being liquidated.
“We are in contact with the Liquidator and have offered to assist him in any way we can as he investigates the prior dealings of the company and its directors for impropriety,” added Barnard.
The judgement was awarded by the court following the decision of Pocket Kings not to make an appearance in the case, with the decision taken to liquidate on the basis that “The company cannot, by reason of its liabilities, continue its business…”
PokerStrategy filed its original claim following the sale of various FTP assets to PokerStars in July 2012, with then-CEO Dominik Kofert explaining the timing was because “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’s claim is in relation to a marketing agreement dating back to before FTP’s operating licences were suspended by the Alderney Gambling Control Commission in June 2011.
These licences were subsequently revoked, however when PokerStars revived the Full Tilt brand late last year PokerStrategy accused the operator of “retrospectively” removing all tracking of the players it brought to the site before the Alderney suspension.