Full Tilt Poker Claims Process Starts on 16 September

Full Tilt Poker claims administrator Garden City Group has announced that the remission process starts with an e-mail to eligible claimants on 16 September. The deadline for the submission of petitions for remission is 15 November.

The United States Department of Justice Attorney for the Southern District of New York appointed the Garden City Group (GCG) as the claims administrator to manage the reimbursement process of the US players of Full Tilt Poker. After releasing information on their calculation formula and a promise to undisclose a date on the start of the remission process earlier this summer, the following update has recently been posted on their dedicated website, fulltiltpokerclaims.com:

“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.”

The US DoJ received $547 million upon the purchase of Full Tilt Poker from PokerStars. While players might be relieved to hear the reimbursement process is to kick off soon, it is still unknown if all players would be reimbursed for their entire funds. Regarding this issue, the following addendum was posted by 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.”

At any rate, the release of a date to start the procedure is comforting and it is clear the GCG is working hard to finally repay players who have been waiting for their money for over two years.