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Black Friday Repayments Set To Be Paid On Friday 28th February

Written By: Maya Michaels | February 25, 2014 | Posted In Poker News

Friday 15th April 2011 is a day that online poker players in America want to forget in a hurry, because unless you have been living on Mars for the last few years you will know that day was ‘Black Friday’ the day online poker in America came to a sudden halt, leaving tens of thousands of players unable to access their money.

The Garden City Group (GCG) have been dealing with the mess left behind over the last three years, but now it appears as though the repayment process is all systems go as this coming Friday, Friday 28th February 2014, some 1,050 days after the poker world was hit by the shock news of Black Friday American poker players will be reimbursed with their missing monies.

The following email was sent to claimants yesterday, with further emails due to be sent out today, Tuesday 25th February, as well. The email is shown below.

“Dear [NAME]:

The purpose of this email is to inform you that your Petition for Remission has been approved and you are entitled to receive a distribution from the assets forfeited in connection with United States v. PokerStars, et al., pending in the United States District Court for the Southern District of New York.

A payment in the amount of [AMOUNT] will be paid electronically via ACH to the bank account that you specified in your Petition. This payment represents the full amount of your Full Tilt Poker Account Balance, which you confirmed on the Full Tilt Poker administration online filing site. Payment will be made within the next seven business days.

If you have any questions, you can call us toll-free at (866) 250-2640, email us at [email protected], or write to us at Full Tilt Poker Claims Administration, c/o GCG, P.O. Box 9965, Dublin, Ohio 43017-5965. For additional information you may also visit the administration website at FullTiltPokerClaims.com.”

It is estimated that around US$80million of the US$300million will be paid out in this first round of repayments, which after such a long wait will be like winning a big tournament to some.

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