Full Tilt Poker Ready to Start Paying Out US Players
Full Tilt Poker’s Department of Justice appointed claims administrators are just about ready to start dispersing funds to US players.
The frozen funds have been on ice since Black Friday but there’s no guarantee that Americans will be seeing the same amount that was there back in 2011.
According to a statement posted by Garden City Group, the DOJ-appointed fund administrator, full payments will be handed out so long as there are funds to cover them.
In the event that the $547 million the Feds collected from Full Tilt to cover foreign and domestic claims isn’t enough, players will be paid out on a pro rata basis. (Though why the DOJ would go through all the trouble of prosecuting Full Tilt for not having enough funds to cover payments and then turn around and do the same thing themselves is another question entirely.)
All payout claims will be decided based on the amount that was in the account on April 15, 2011.
Garden City Group has been under increasing pressure from the Poker Player’s Alliance, a player-centric advocacy group who has been pushing fast and full payments for US players. The company had previously cited the challenges of working with multiple government entities for the delay.
Do you think US players will recover the full amount they had in their accounts in Black Friday? Share your thoughts in the comments section below.