$ £

Full Tilt US Repayments To Begin In 2014

US based players seeking their repayments from internet poker firm Full Tilt Poker will begin receiving their money in early 2014, this according to a statement released by the Garden City Group, which is overseeing the claims process.

Garden City was appointed to handle the repayments by the United States Justice Department and is handling roughly 41,000 claims for repayment by players who had their accounts frozen when the government shut down Full Tilt Poker in April 2011. The group is working with a $150 million fund and will begin cutting checks early next year to eligible players.

Full Tilt Poker was acquired by the Rational Group, which also owns poker mega-company PokerStars. As part of the deal to acquire Full Tilt, Rational agreed to a massive settlement with the US government, which required the poker firm to pay a large fee in order to repay jilted customers.

A statement released by Garden City on their website regarding the payments read: "We are in the process of reviewing petitions filed by petitioners who confirmed their balances online and who have not disputed their FTP Account Balance or submitted multiple Petitions. We expect payments to be made with respect to such petitions with confirmed balances by March 31, 2014."

The claims process for players affected by the Full Tilt closure ended on Saturday, with no new claims being accepted at this time.

Share this