First Round of Full Tilt Remission Payments Nets $76 Million for US Poker Players

The Garden City Group has announced that it distributed approximately $76 million to more than 27,500 US poker players on Friday.

Payments were made to former Full Tilt Poker players that did not dispute the balances in their accounts as reported to the US government, and whom filed their petitions with the GCG in an accurate and timely manner.

Perhaps one of the biggest recipients was WSOP bracelet winner Blair Hinkle who won over $1.1 million in the Full Tilt Online Poker Series (FTOPS) Main Event just months before Black Friday. Hinkle told ESPN’s Andrew Feldman that his remission payment was in excess of $1,180,000. Hinkle was unable to get his winning off the site in part due to an $8,000 daily withdrawal limit imposed by Full Tilt Poker.

It is rumored that Daniel “Jungleman” Cates had even more locked up since Full Tilt went offline in 2011.

Players that had incorrect or incomplete banking information on their petitions have until March 13 to correct their petitions online. After that date, the GCG will mail checks to the addresses on file for those that have not remedied their petitions.

No date has been announced for payments to be made to players classified as “affiliates”. The deadline for their petitions to be submitted was March 2.

The GCG is still in the process of reviewing the circumstances surrounding the accounts of former Pros. An announcement regarding the review is expected soon after which any Pros deemed eligible will have 30 days to file their petitions.