Full Tilt Poker Remissions: $5.7m Earmarked for 2,000 Players

Full Tilt has announced that a further $5.7m in remissions payments will be distributed to at least 2,000 people within the next fortnight.

In 2011, Full Tilt Poker (FTP) was forced to shut down their US market. Thousands of professional and recreational players were left without access to funds estimated to be in the region of $184m. After a four-year hiatus, they will be returning to those fertile soils after the New Jersey Division of Gaming Enforcement (DGE) finally approved their license. It’s expected, by the time the first hand is dealt, that all former US based FTP players will have received their portion of that lost money.

The process has not been pretty, but everyone who has been involved: from PokerStars, the Poker Players Alliance (PPA) and the Garden City Group (GCG), should be extremely proud as the end now seems to be in sight, and everyone is expected to be made whole.

John Pappas, Executive Director, PPA has announced that another tranche of FTP payments – worth $5.7m – has been approved by the United States Department of Justice’s Asset Forfeiture and Money Laundering Section (AFMLS). That money will be sent to an estimated 2,000 petitioners. GCG is expected to distribute the cash payments in the next fortnight.