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Full Tilt Poker Remissions to Start Sept. 16
The long-awaited return of funds seized from US Full Tilt Poker is ready to begin September 16, according to a release from the Garden City Group.
Posted yesterday on the official FullTiltPokerClaims.com website, the GCG says the process is cleared to go and it will be accepting email claims as of that date.
The full updated statement:
"Starting on September 16, 2013, GCG will email a Notice with instructions on how to submit a Petition for Remission online to all potentially eligible claimants identified by GCG utilizing data supplied by Full Tilt Poker ("FTP").
"The deadline to submit a Petition for Remission is November 15, 2013. Instructions concerning the filing of Petitions will be included in the Notice and will be posted on this website.
"Please continue to check this website for updates. Please note that the registration process for email notification is no longer available."
Balances Calculated as of April 15, 2011
The latest update follows a previous post which explained player balances as of April 15, 2011 -- Black Friday -- will be the starting point for the remission calculation.
If you do not receive an email, the GCG says, but you believe you are eligible for a remission you can file a claim online using directions that will be provided on the website.
There is still the possibilty US players will not receive their balances in full, however. Says the GCG:
"If the forfeited funds available for distribution equal or exceed the aggregate FTP Account Balances for all eligible Petitioners, each eligible Petitioner with an approved claim will receive the entirety of his or her FTP Account Balance.
If the aggregate FTP Account Balances for all eligible Petitioners exceed the funds available for distribution, payments shall be made to eligible Petitioners on a pro rata basis."
Complete information and updates can be found here.