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The Garden City Group(a claims adjuster hired by the Department of Justice to distribute $184 million owed to players), hasn't been able to move past the first step of parsing a massive amount of player data information.
According to an unnamed supervisor at GCG, the process will “most likely” take longer than a year, probably longer.
In some instances, it’s taken GCG more than two years to process claims.
“There are no dates set in stone as of yet,” he said. “We haven’t even begun the claims process.”
The massive amount of Full Tilt player data is the largest obstacle currently delaying former Full Tilt Poker players from receiving money owed.
Non-American players were paid last November through PokerStars, which bought Full Tilt Poker’s assets from the Government when it settled with the DOJ for $731 million last year.
Also potentially up in the air is whether players will be paid back the full balance of their accounts or a percentage on the dollar.
When the deal to purchase Full Tilt was originally struck, PokerStars shelled out nearly $550 million to the U.S. Government that in part included U.S. Full Tilt player balances.
It concurrently paid non-U.S. Full Tilt customers in full directly.
SOURCE
According to an unnamed supervisor at GCG, the process will “most likely” take longer than a year, probably longer.
In some instances, it’s taken GCG more than two years to process claims.
“There are no dates set in stone as of yet,” he said. “We haven’t even begun the claims process.”
The massive amount of Full Tilt player data is the largest obstacle currently delaying former Full Tilt Poker players from receiving money owed.
Non-American players were paid last November through PokerStars, which bought Full Tilt Poker’s assets from the Government when it settled with the DOJ for $731 million last year.
Also potentially up in the air is whether players will be paid back the full balance of their accounts or a percentage on the dollar.
When the deal to purchase Full Tilt was originally struck, PokerStars shelled out nearly $550 million to the U.S. Government that in part included U.S. Full Tilt player balances.
It concurrently paid non-U.S. Full Tilt customers in full directly.
SOURCE
