Full Tilt Poker payment announcement imminent

Posted by Steve Ruddock on Aug 15, 2013 Posted in Poker News | No Comments »

moneyAccording to a report on Pokerfuse.com a spokesman for the Garden City Group (GCG) has stated that it expects to make an announcement regarding the timetable for Full Tilt Poker payments to US players by the end of this week; very welcome news for US players waiting for their money, which has been tied up on the site since April 15, 2011.

The announcement was made by an unnamed spokesperson which has come to bite the poker community on the ass in the past, but considering the source (Nick Jones from PokerFuse.com) and considering recent official statements on the GCG Full Tilt Poker website, this announcement should be given a lot of weight.

Over the past few weeks the rumors of just when the repayment process will begin has gone from terrible news (with one unnamed source telling Cardplayer.com that payments were a long way off) to outstanding news, when the GCG refuted the Cardplayer article, posting on their official Full Tilt Poker claims website that payments would begin shortly. So, as much as I trust PokerFuse.com, until we receive an official statement from the Garden City Group we should probably hold-off on any cheering.

A number of questions still remain unanswered, such as what exactly the remission process will look like and what players will have to submit to receive their funds. Other unanswered questions include:

* What will become of unused FTP’s players accrued?

* Will tournament tickets and other rewards be honored?

* Will there be a fee associated with receiving funds?

* How will players verify their account balances?

The GCG was selected by the US Department of Justice to handle the daunting task of refunding roughly $159 million to US poker players, and the company has already learned just how important their task is to many poker players, and just how loud and unrelenting they can be on social media, when they came under fire for an innocuous tweet asking their followers to support them for a payment processor award, that saw their social media channels flooded by angry poker players demanding to know when they would receive their money.

It’s unclear if this lit a fire under the GCG to get Full Tilt Poker payments done as soon as possible, but whether a coincidence or not, soon after this social media bombardment the group started making major progress in the remission process.

You can register at http://www.fulltiltpokerclaims.com/ to receive notifications on the remission process from the Garden City Group.



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