FullTiltPoker finishes repayment process in 100%

According to Flushdraw.net, the remissions process for the people with their funds frozen after Black Friday at Full Tilt Poker is now completed. According to the Garden City Group (GCG) the FTP Claims administrator appointed by the U.S. Department of Justice, every petition submitted by players has been processed.

It took around 5 years total: 9 waves of payments to former Full Tilt customers, the first of which occurred in February 2014, nearly 3 years after all deposits were frozen or disappeared. The initial batch of payments was by far the largest, but after that it was no pickle: more petitions came flooding, incomplete records had to be fixed, and changes had to made to policies about who could and could not get their money back. The dollar amounts and numbers of payments for each round were as follows:

February 2014: $76 million, 27,500 accounts
April 2014: $5 million, 2,200 accounts
June 2014: $14 million, 3,200 accounts
September 2014: $1.8 million, 600 accounts
March 2015: $2.8 million, 3,500 accounts
June 2015: $4 million, 4,000 accounts
November 2015: $5.7 million, 2,000 accounts
March 2016: $2.6 million, 1,180 accounts
November 2016: $2.6 million, 1,000 accounts

In total this is 45,180 players from USA and $114.5 million repaid in total. Full Tilt actually owed $160 million to United States players, so the DoJ and GCG are going to split a nice bonus on this deal - the leftover money comes from former players who never submitted their claim.

There were also 1,635 denied petitions, 1,500 announced back in May and 135 from GCG’s latest update. No reasons were given publically for denials, though it would not be surprising if incomplete or incorrect information never got reconciled. Some of those might have belonged to pro players or affiliates as well.