DoJ Reportedly Close To Choosing Full Tilt Administrator

U.S. poker advocacy group the Poker Players Alliance is reporting that the U.S. Department of Justice is getting close to deciding on a payment administrator who would then pay out player claims related to Full Tilt Poker's collapse.

Players have long been in the lurch regarding the status of their account balances since the site was shut down by the U.S. government in 2011. Full Tilt was then acquired by fellow poker firm PokerStars, who struck deals to pay out players out of a worldwide fund. Thus far, players from just about every country have been paid their money while American punters wait for the government to decide on a payment process.

A statement released by the PPA regarding the situation reads: “The PPA is happy to report that the Justice Department, as part of its continuing dialogue with PPA regarding remission for the victims of Full Tilt Poker, has officially confirmed that it is close to naming a claims administrator for the FTP remission process. We expect the formal announcement from the DOJ by February 14th or so.”

"It should be noted that the naming of a claims administrator does not mean we players will be seeing our money right away. There is still a lot of work to do before we can reasonably expect payments, but the naming of an administrator is an important milestone. It will also lead to additional important information becoming available to us as the administrator begins actual work."

About the author