Full Tilt Poker Claims Administrator Approves $82 Million in Funds to 30k Players

Submitted by C Costigan on

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C Costigan

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The claims administrator overseeing payment of Full Tilt Poker funds has approved release of $82m in funds to approx 30k players, the Poker Players Alliance reported late Wednesday. 

The US Department of Justice placed the Garden City Group in charge of paying out those customers owed millions of dollars by Full Tilt Poker following a 2011 indictment.  FTP exited the US market and failed to pay American players.  They were eventually shut down several months later. 

PokerStars entered into an agreement to pay back all non-US customers and assumed control of Full Tilt Poker’s remaining assets and brand name.

The $82 million quoted is only a small portion of what is owed.  The Garden City Group’s audit is ongoing.

- Chris Costigan, Gambling911.com Publisher

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