Posts Tagged ‘Garden City Group’

Full Tilt Repayments to Begin Today

Friday, February 28th, 2014

Full Tilt PokerEarlier this week, the Garden City Group announced that the Full Tilt Poker reimbursement process should begin for some players today. The claims administrator updated the Full Tilt Poker Claims site to tell players that if they had passed the bank testing phase, payments would begin starting today.

ACH deposits should begin today for those who had correct paperwork and an undisputed claim. The Garden City Group will begin to pay the payments in which the information they had and what players turned in was correct. Players have been without their funds since mid-2011 and have been waiting for this day for some time.

Players who had sent in information that was incorrect or incomplete should have received an email from the Garden City Group. The email listed what players needed to do to update bank account info to compete the process. If the updated information is not received by the 13th of March, the GCG will be sending a check to the mailing address the have on file for the player. These players should receive their payment via bank account, if the new info is sent in, during the second go round of payments.

It was just this past January that the Garden City Group approved to pay back some $82 million to former players of Full Tilt Poker in the US. Close to 30,000 players had their balance withheld back in April of 2011.

Though the $82 million is quite large, this is not even half of what players were originally due after the site was shut down in the United States. Players have had to put up with a great deal and the whole ordeal grew quite tiresome some time ago. Hopefully, the payments will run smoothly and players will be reunited quickly with their long lost funds.

 

Weekend Deadline for FTP Claim Filing

Thursday, November 14th, 2013

For months now players have been working through the repayment process at Full Tilt Poker. Former players from the US who were involved with Full Tilt and had their funds frozen have now been filing claims with the Garden City Group to be repaid. Players now have until this weekend to file their claim before the deadline.

The deadline set by the Garden City Group is for November 16th , which is this Saturday, and players must make their claim before this date. Back in September, the company was hired by the Department of Justice to be able to facilitate the repayment process. The group first started by reviewing the data and then began to make different announcements, explaining the process to players and how they need to go about filing.

According to the Garden City Group, there were over 1.4 million emails sent out to former Full Tilt Players to try and complete the remission process. Poker Players Alliance has kept track of the progress of the remission process and according to the group, close to 35,000 petitions were filed as of now.

Payouts should be taking place in 2014, during the first part of the year. The Garden City Group will now need to review the claims and see if the information given by players lines up with the information that they have on file. This may take some time, but the projected repayment process should take place in the first quarter of next year.

This has been a very long process, first beginning in April of 2011. It seems as though the process may official by over by 2014, which could be three years after the process began. Players are surely ready to receive their money after having it hold for so much time. We will continue to follow this process and see if and when players will be paid the money that is rightfully theirs.