Full Tilt Poker players closer to getting paid



Earlier this year, the government announced it had appointed the Garden City Group to serve as administrator in charge of releasing the forfeited funds from the PokerStars buyout of Full Tilt Poker. On Aug. 1, GCG released a statement via its website (FullTiltPokerClaims.com) regarding the calculation formula it will use to start the claims process. Here is the statement:

“GCG, working with the Asset Forfeiture Unit of the United States Attorney’s Office for the Southern District of New York and the Asset Forfeiture and Money Laundering Section of the United States Department of Justice, has completed the review of data provided by Full Tilt Poker. It has been determined the calculation formula to be used for the Petition for Remission process will be based on players’ final balances with FTP as of April 15, 2011 (the “FTP Account Balances”). The claims process will begin shortly. Once the process begins, GCG will email instructions on how to complete an online claim to all potentially eligible claimants identified by GCG utilizing data supplied by FTP. Account balances from online poker sites other than FTP are not included in this remission process. Petitioners must also meet all other requirements outlined in 28 C.F.R. § 9.8 to be considered eligible for remission. If you do not receive an email notice and you believe you are eligible to participate in the remission process, you may file a claim online using the directions that will be provided on this website. If the forfeited funds available for distribution equal or exceed the aggregate FTP account balances for all eligible petitioners, each eligible petitioner with an approved claim will receive the entirety of his or her FTP account balance. If the aggregate account balances for all eligible petitioners exceed the funds available for distribution, payments shall be made to eligible petitioners on a pro rata basis.”

ATTACK POKER: AttackPoker.com, which has been a free-play poker site for some time, has added a new value-added service to its site in the form of a monthly subscription-based service. This new offering comes with a 14-day free trial, which comes with an Attack Poker T-shirt, for $12.95 per month. Players can enjoy these added services not available with the free-play portion of the site:

• Thousands in prizes
• Free Attack Poker swag with signup
• 1 million in bonus chips
• No-limit hold’em, Omaha and stud
• Ad-free poker play
• One free entry to $500 gift-card freeroll and more

NEVADA: Ultimate Poker has completed the field trial, cleared all of the Nevada Gaming Commission’s requirements and has emerged as the first online poker processor to receive final approval from the state. Since dealing its first hand in April, the site has dealt almost 10 million hands of real-money poker online.

NEW JERSEY: Since the state passed its online-poker bill in February, almost 40 companies have applied to be recognized and approved as an official online gaming provider. The target date for the first company to go live is Nov. 26.

— Email Joel Gatlin at editor@anteupmagazine.com.

Ante Up Magazine

Ante Up Magazine