From Online Poker report – After months of silence, an update – with what appears to be very good news – from the company charged with handling the return of Full Tilt Poker bankrolls to the room’s former U.S. customers.
The Garden City Group (GCG) issued the update today via the official website for the FTP claims process.
The two key points for those who have money stuck on Full Tilt (excerpted from the statement):
- “The claims process will begin shortly.”
- “It has been determined that 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 […] 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.”
This update comes only days after reports circulated of additional delays in the remissions process that threatened to push return of player funds into 2014 or beyond.
