One of the biggest scandals in the online casino market took place in 2011 when Full Tilt Poker was shut down by the American government. When the site reopened in 2012, players in Australia and other countries around the world were able to cash out any money that they had deposited prior to the site’s closure – but Americans were left out in the dark. Now, American online poker players are finally getting their refunds.
Australian players had it easy, compared to Americans. Any money that they had deposited to the online poker room was available to them again in November 2012, when Full Tilt Poker re-launched. Players could login to the old accounts and simply withdraw their funds. They could also use the funds to continue playing on the site or transfer them to Poker Stars.
Since Full Tilt Poker was seized by the American Department of Justice, American players had to submit requests for refunds. It has been several long years but players are now beginning to receive repayments. According Garden City Group, the first round of refunds will be repaid on February 28th, 2014. The players who receive refunds will be those who filled out their paperwork correctly and who do not have any unresolved claims.
Over 30 000 American players have been denied access to their deposits and winnings on Full Tilt Poker since 2011. Now, three years later, they will finally be able to withdraw their funds. Some players had thousands of dollars in the poker room’s banking system, and many pros had a significant portion of their net wealth tied up by the website.
Over $80 million will be returned to American players this year.