While the international poker industry and the American poker player community are eagerly awaiting the day when Full Tilt Poker will fully pay back all its players, it would appear that Full Tilt Poker and the Department of Justice are not really all that concerned about making haste with repayment.
However, the Poker Players Alliance is not sitting back and waiting for information from Full Tilt Poker or the Department of Justice. Instead John Pappas, the Executive Director of the Poker Players Alliance recently arranged a meeting with the Department of Justice and debated over the situation.
Unfortunately, what he learned from the Department of Justice Department of Justice was some of the most disappointing news for the Full Tilt Poker victims waiting for repayment.
John Pappas now believes that the “completion of a refund claims process is a long way away.”
Pappas also went on to describe the effort and process that repaying the players of Full Tilt Poker would take. “Unfortunately, completion of a refund claims process is a long way away. The first step in this process will be the Department’s hiring of a third-party claims administrator, after a bidding process: there is no current date certain for that selection to occur. But it was evident that even when a claims administrator is hired, forfeiture and remission procedures require that a substantial administrative process be adhered to before players begin seeing their funds,’ he said.
“We laid out compelling legal and practical arguments why full repayment was the only equitable solution. We also raised the issue of ‘player point’ balances and encouraged the DOJ to recognize the inherent value of these points when they consider what a player is owed. Our thoughts on these matters were well received; however, it was clear from our discussion that no decisions have been made regarding the manner of repayment of player balances…We fully expect to keep a continued and open dialogue with the [DOJ] and we will continue to update you as more information becomes available,” he added.
It now remains to be seen exactly when the payments will be coming out. So far it has been nineteen months that the poker players of the Full Tilt Poker site have been waiting to get their funds. It has also been stated that Full Tilt Poker has been withholding as much as $159 million of funds from its US players.