First Full Tilt remissions claims approved
US$82m released by DoJ as it completes audit and approves approximately 30,000 player claims
The US Department of Justice (DoJ) has completed its audit of Full Tilt Poker remission claims and released $82m of funds to compensate US-based players.
The Poker Players Alliance (PPA) confirmed the news on social networking site Twitter and claimed that around 30,000 uncontested claims have now been approved.
The DoJ-appointed claims administrator Garden City Group (GCG) had opened a window for players that had not been able to access funds frozen as part of the Black Friday clamp-down to file for reimbursement.
The window ran from 16 September to 15 November 2013, with GCG subsequently contacting players to provide them with a balance understood to be accurate at the time of Full Tilt’s domain seizure.
Players could either contest the balance of accept it, with those that accepted their balance now set to receive the first batch of repayments.
Although no timeline has been issued regarding exactly when repayments are to be processed, PPA executive director John Pappas had previously said that the first repayments could be made in early 2014 after GCG installed its own target date of 31 March 2014.
There has however yet to be any indication regarding the progress of contested claims.
In other news:
– £15m betting “coup” compounds bookies’ misery