Full Tilt Payments to US Customers Still a Year Away

There's no need to go over the problems that Full Tilt Poker has been through—they have been more than well documented. While the company does its best to get back on its feet in the regulated market, US players still owed money have been told they must continue to wait.

Payment Delays Persist for US Customers

Things are progressing steadily for Full Tilt in many areas. However, the issue of payments to US players—now out of their hands—is still ongoing.

Millions of dollars remain owed, and the Garden City Group, the company overseeing the matter, is still working out the details.

The Numbers Involved

A total of 1.3 million US players are owed around $184 million. Recent reports indicate the process will take at least a year, likely longer.

The reports state that “There are no dates set in stone as of yet,” and “We haven’t even begun the claims process.”

'Estimated Recovery' Approach

A formula called estimated recovery is expected to determine individual payouts. Non-US players have received full amounts, but US players likely won't get the same deal.

Once established, the Garden City Group will require a court order to distribute the funds.

No Impact on New International Players

New players signing up outside the US face no such issues—operations are running smoothly elsewhere.

This matter is beyond the control of Full Tilt's owners, the Rational Group, who have fulfilled their obligations. Resolution now rests with other parties.

Rebuilding and Expansion Efforts

The Rational Group remains focused on rebuilding Full Tilt. Just last week, they announced that casino games would be added to Full Tilt Poker, marking the company's first venture into that space.