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Publishers Clearing House’s New Plan: Future Winners Will Be Protected. Past Winners Still Won’t Get Paid
New CEO Owen O'Donoghue secures future prize payouts with FDIC-insured escrow accounts but confirms past winners will not receive owed 'forever' payments.
- On Tuesday, ARB Interactive announced Owen O'Donoghue will lead a revitalization of Publishers Clearing House with a plan to secure all future sweepstakes payouts.
- Many so-called 'forever' winners remain unpaid, as Publishers Clearing House said it would not honor payouts for past winners, leaving them out of luck.
- The Price Protection Program will be funded with investment-grade assets held in FDIC-insured escrow accounts and managed through a bank-run investment vehicle.
- ARB Interactive says the appointment is part of its rebrand as a leader in mobile-first entertainment, with the Price Protection Program safeguarding large annuity prizes to uphold trust and accountability at Publishers Clearing House.
- Miami-Based ARB Interactive bought PCH in July and plans to combine the Prize Patrol with Modo Casino, ARB's flagship gaming platform, integrating PCH into its mobile gaming strategy.
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15 Articles
15 Articles
Publishers Clearing House’s new plan: Future winners will be protected. Past winners still won’t get paid
Publishers Clearing House – the bankrupt sweepstakes company that told its past prize winners they would no longer receive their ‘forever’ payments – has a new CEO, who has a plan to protect the company’s prize winners.
·Atlanta, United States
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Publishers Clearing House’s New Plan: Future Winners Will Be Protected. Past Winners Still Won’t Get Paid
Publishers Clearing House – the bankrupt sweepstakes company that told its past prize winners they would no longer receive their ‘forever’ payments – has a new CEO, who has a plan to protect the company’s prize winners.
Publishers Clearing House’s new plan: Future winners will be protected
Publishers Clearing House – the bankrupt sweepstakes company that told its past prize winners they would no longer receive their 'forever' payments – has a new CEO, who has a plan to protect the company's prize winners.
·Flint, United States
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Total News Sources15
Leaning Left1Leaning Right1Center12Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
C 86%
Factuality
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