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Card Player TV Talks To Poker Players Alliance About Full Tilt Poker Remissions Process

PPA Executive Director John Pappas GIves An Update On U.S. Player Funds

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PPA Executive Director John PappasIt’s been nearly a year since PokerStars swooped in to purchase Full Tilt Poker, cleaned house and then repaid the players. All of the players except for U.S. customers, that is.

In their purchasing agreement, PokerStars set aside approximately $184 million in a segregated bank account for the U.S. Department of Justice to distribute to upwards of 1.3 million players. The DOJ then took eight months to hire Garden City Group to act as a claims administrator.

During that stretch, the site reopened to non-U.S. players, the former site owners settled with the government and Full Tilt Poker regained its position as the second largest site on the planet.

On Friday, Card Player TV spoke with Poker Player’s Alliance Executive Director John Pappas to have an in-depth discussion regarding the repayment of U.S. player funds.






 
 
 
 

Comments

pokertruth
1 year ago

FIRST OF ALL, THE PAST US FULL-TILT PLAYERS WILL RECEIVE A TAX DUE BILL FROM THE IRS FOR ALL THE YEARS OF US FULL-TILT'S EXISTENCE. AFTER THAT THE US PLAYERS WILL RECEIVE THEIR TEN CENTS ON THE DOLLAR. IN ADDITION, THOSE PLAYERS THAT ALREADY LIED ABOUT THEIR PAST FULL-TILT INCOME WILL RECEIVE A PERSONAL VISIT FROM A FRIENDLY IRS AGENT.

 
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