$5.7 Million to Be Remitted to the Full Tilt Players

full-tilt-poker-refundsIt has been over 4 years since Full Tilt Poker shut down in USA and with Amaya Inc. getting approval from New Jersey DGE, the poker site will soon be starting operations in the state. However, thousands of players have been waiting for their money to be remitted by the poker site since the first process began on “Green Friday” in February 2014. 27,500 players received a collective amount of $76 million last year and small amounts were released in further rounds. In the next round of reimbursement speculated to happen in coming weeks, $5.7 million will be refunded to around 2,000 players.

The good news came before the official announcement via John Pappas, the Executive Director of Poker Players Alliance (PPA) who spoke with a Department of Justice (DoJ) representative assigned to the Asset Forfeiture and Money Laundering Section and informed the community. In this round of reimbursement, around 2,000 players are expected to receive fund which includes “petitioners with disputed funds, those with missing info and those who they consider ‘new petitioners’ (e.g. did not file with valid log-in credentials).”

Remaining Refund

$184 million was the total refund amount agreed upon by PokerStars (Rational Group) and the DoJ as part of the purchase agreements of Full Tilt by Rational. Since the Green Friday in Feb’14, about $110 million has been refunded in 5 rounds of remittance. Thus, about $74 million is left to be credited to 3,800 more players which include new petitioners as well as a few pros. All updates about refunds are made on the official website, FullTiltPokerClaims.com.

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