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Another $5 Million Paid Out to U.S. Full Tilt Players
The latest round of Full Tilt Poker remission payments has been sent out with 2,200 players receiving approximately $5 million.
This round of FTP payments were sent to any players who were approved in the first round but needed to correct their banking information.
The funds were sent out on April 1. If any petitioner failed to update their banking information they will instead be sent a check in the mail.
The most recent payments are dwarfed by the ones that went out in February with the Garden City Group issuing 27,500 individual payments worth a total of $76 million.
Millions Still Unclaimed by U.S. Poker Players
Meanwhile if players received a notice because they had a debt qualifying for collection through the Treasury Offset Program they are supposed to send their completed United Financial Management System Vendor Request Form to the GCG as soon as possible.
Visit the fulltiltpokerclaims.com website for more information.
It’s unclear if there will be more Full Tilt Poker repayments going forward but considering it was estimated that U.S. players were owed $159 million at one point it appears there is going to be a sizeable chunk of cash that goes unclaimed.
It’s now been nearly three years since online poker’s Black Friday forced PokerStars and Full Tilt Poker out of the U.S. market.
Full Tilt was unable to pay back its players and eventually the U.S. DOJ filed a civil suit against the company’s management and accused the site of being a Ponzi scheme.