After 2 years, 10 months, and 13 days many former Full Tilt players have finally been paid back. Former U.S. players of Full Tilt awoke today to see a deposit in their bank account labeled “DOJ Poker Stars”. The Garden City Group has kept former players in the loop regarding their funds and stated that payments would be made today to many players. They make good on their promise, but the best news is that players are being paid back in full!
However, the entire Full Tilt remission process is not over yet. As we reported earlier this week, this is just the first round of reimbursement payments going out to about 30,000 players at a total of about $82 million. Still waiting on their funds are players whose account balances are in dispute with the figures on record with the DoJ and Garden City Group and those who have been labeled as affiliates and pros. Affiliates have a deadline of March 2 to submit their Petitions for Remission. Players whose bank accounts could not be verified in a testing process conducted by the GCG in recent weeks have until March 13 to supply their correct or updated bank account information. Players who fail to meet these deadlines will receive a check to be sent to the home address listed on their claims.
When Poker Stars stepped in to bailout Full Tilt all parties involved breathed a collective sigh of relief. We are glad to see that this did not turn out to be another partial payment situation or liquidation fire sale that left players with pennies on the dollar. Instead, the DoJ, using the enormous sum of money the took from Poker Stars, and the Garden City Group came through. We would expect that players who have not yet received funds will get them in a timely manner, as the GCG so far, has done what they said – paid back the players bilked in the Full Tilt ponzi-scheme who have been waiting since Black Friday in 2011.