Full Tilt Remission Payments Likely in Q1 of 2014

2967 6th November, 2013 The Full Tilt Saga
Full Tilt Remission Payments Likely in Q1 of 2014

Only about 10 days remain in the Full Tilt remission process for former U.S. players and early indications are that payments for balances that are not in dispute may commence during the first few months of the new year.

Poker Players Alliance (PPA) VP of Player Relations Rich Muny recently posted on 2 + 2 that "remission checks for uncontested balances are 'optimistically' expected to go out before the end of the first quarter of 2014."

There is no word on how long disputed claims may take, but obviously greater time will be needed to scrutinize the petitions by players in which the numbers don't align with those that claims administrator the Garden City Group (GCG) has on file.

It's been almost three weeks since the GCG updated the official claims website at FullTiltPokerClaims.com. However, the PPA managed to engage in a conference call with representatives of the DoJ's Asset Forfeiture and Money Laundering Section (AFMLS) on Monday.

The AFLMS reported that "80% of those with petition and control numbers accepted the balance provided and that roughly 35,000 claims have been filed." Yet to be determined are the account balances of those players who have been flagged as affiliates.

Remember that affiliates are allowed 30 days "to submit Petitions for Remission to recover the portion of their account balances that does not relate to their affiliate status," according to the GCG website. The clock does not start ticking on that 30-day timeframe until the GCG reviews "updated data from FTP concerning affiliates' accounts" and sends an email providing proper filing instructions.

The deadline for filing claims is November 16, 2013. However, affiliates will be filing well after that date and should adhere to the 30-day deadline from the date of the email received that contains the required "credentials for online filing."

 

 

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About The Author

Charles Rettmuller

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...

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