In a short update that may benefit our American audience, the Poker Players Alliance met with the U.S. Department of Justice this week regarding the planned repayment of more than $200 million to Full Tilt Poker’s U.S. customers.
After a deal was finalized by the DoJ and PokerStars for the purchase of Full Tilt’s assets, PokerStars forked over a sizeable amount of money to the DoJ in order to be disbursed back to the players with money on Full Tilt. PokerStars agreed to repay non-U.S. players within 90 days to the tune of some $184 million and to everyone’s knowledge this has been done upon the site re-opening on November 6. The U.S. Department of Justice was thereby responsible for reimbursing U.S. players.
The DoJ was supposed to appoint a third-party claims administrator to handle the remission of funds to the players. With an application deadline set for early September, there have been no announcements regarding that as well.
There have been no clear announcements to inform players on a process to reclaim their lost funds or to give any of them any sort of status.
All we do know actually is that American players are allowed to play for fun on the new Full Tilt Poker, but there is no indication of funds on the site. This is obviously of little comfort.