For all the United States online poker players that have had their Full Tilt Poker funds in lockup since Black Friday, this coming Friday should start a massive celebration as the first wave of account payments are set to be disbursed by the The Garden City Group, Inc. (GCG). Those lucky petitioners who have been approved for payment and whose bank account passed the preliminary testing process should receive an email on Monday, February 24th or Tuesday, February 25th, specifying the amount of their payment.
Friday, February 28th is the date set to start rolling out the first round of payments by the GCG.
The following email was sent to petitioners on Monday:
The purpose of this email is to inform you that your Petition for Remission has been approved and you are entitled to receive a distribution from the assets forfeited in connection with United States v. PokerStars, et al., pending in the United States District Court for the Southern District of New York.
A payment in the amount of [AMOUNT] will be paid electronically via ACH to the bank account that you specified in your Petition. This payment represents the full amount of your Full Tilt Poker Account Balance, which you confirmed on the Full Tilt Poker administration online filing site. Payment will be made within the next seven business days.
If you have any questions, you can call us toll-free at (866) 250-2640, email us at info@FullTiltPokerClaims.com, or write to us at Full Tilt Poker Claims Administration, c/o GCG, P.O. Box 9965, Dublin, Ohio 43017-5965. For additional information you may also visit the administration website at www.FullTiltPokerClaims.com."
The tweets were flying as poker players expressed their sentiments:
Luscious_Lon Loni Harwood
Coulda used the full tilt money when I was flat broke in college a few years a back but we still #Winning 2014-02-24
icekevin Kevin Iacofano
Got my Full Tilt Email but much to my dismay, no thank you letter from US Treasury for my 4 year free loan. #taxespaidinfull 2014-02-24
JonathanLittle Jonathan Little
I got an email saying I will have Black Friday full tilt poker money in my bank account within a week. That is pleasant news. 2014-02-24
ericrodawig Eric Rodawig
Full tilt claim will be paid in the next seven days!!! #winning 2014-02-24
PokerStars acquired Full Tilt Poker's assets, back in July of 2012 and in doing so, forfeited $547 million to the U.S. Department of Justice. PokerStars pledged to repay Full Tilt Poker players and quickly managed to repay players around the world — part of the deal was that the United States was to repay its citizens that had Full Tilt Poker accounts. And yes, it's FINALLY going to happen!