Online poker brand Full Tilt Poker will distribute $76 million to 27,500 US customers of the now-defunct poker website. User accounts on the Full Tilt Poker website had been frozen since 2011 due to the start of a criminal case, and now customers will be paid out what the site owes them.
Non-profit advocacy group the Poker Players Alliance (PPA) approved of the move but claimed that there are still “several thousand” former Full Tilt players awaiting payment. John Pappas, executive director of the PPA, said that there are between $50-60 million in unclaimed or disputed funds that have not yet been distributed.
Prosecutors had accused Full Tilt, PokerStars, and Absolute Poker, of circumventing federal laws against online gambling by swindling banks and credit card issuers into processing payments for players in the US. In 2012, the Justice Department announced a $731 million settlement with PokerStars and Full Tilt to address the allegations. Full Tilt then agreed to forfeit its assets to the government and was acquired by PokerStars. Raymond Bitar, former chief executive of Full Tilt, pleaded guilty to multiple gambling and fraud charges last year. He faced a prison term but was acquitted due to health problems.
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