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Full Tilt Remission Payments Enter Test Period

U.S. Full Tilt players waiting for $82 million in approved payouts are inching closer to receiving their cash as claims administrator Garden City Group (GCG) announced that a testing process for the disbursement of funds kicked off today.

A new update on the FullTiltPokerClaims.com website informed players with confirmed account balances that their bank statements may include a transaction for zero ($0.00) dollars that “is a normal part of the bank testing process in preparation for payment of ACHs.” Some banks do not post such zero-dollar entries to customer accounts, so players who fail to receive said notice should not have cause for concern.

As promised by GCG in a late January update, some 30,000 petitioners can expect $82 million to land in their bank accounts by the end of February. Today’s update lets those players know that the “GCG is in the process of preparing payments for petitioners who timely confirmed their FTP account balance” and that process apparently requires a dummy deposit to be sent out first.

It’s been a long wait of nearly three years for former Full Tilt players in the U.S., many who thought that their funds would perhaps never be recovered after mismanagement of the poker site was discovered in 2011. But that wait appears to soon be over for those with undisputed account balances.

Affiliates, pros and players who don’t agree with the balances in their accounts put forth by the GCG are next in line to have their claims sorted out. There is currently no timetable as to when those petitioners will be reunited with their funds.

 

 

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Charles Rettmuller

Charles has been an avid poker player for a number of years, both live and online. He holds a degree in journalism and previously worked as a reporter for a Chicago-based newspaper. Charles joined the PokerUpdate team in early 2012 and writes daily news articles for the site.

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