DOJ Searches for Claims Administrator for Full Tilt Funds

August 14th, 2012 | 10:50 pm

The Department of Justice has begun its search for an entity to handle the transactions involved with repayments to American FTP players.

By Matt Kaufman, Rakeback.com Poker News Editor

Following the historic deal between the US Department of Justice (DOJ) and PokerStars which allowed PokerStars to take control of the assets formerly belonging to Full Tilt Poker, there are still plenty of questions yet to be answered.

One of the biggest questions: How will players get paid?

The answer came fairly quickly for players outside of the United States. When Full Tilt relaunches, players will be able to log into their accounts and either play with their funds or withdraw.

Players in the US got a very different response, however - the DOJ would be handling refunds themselves.

This week, the first step in that process took place. The DOJ's website listed a request for applications from entities qualified to act as Claims Administrator to handle the player refunds.

Basically, they're looking for a company that's qualified to handle payments totalling about $159 million to the potential 1.3 million victims. Applicants have been requested to include their qualifications and their ties to any online gaming companies.

Applications are due on August 31st, so soon after that we'll know who will handle the repayments. Hopefully it doesn't take much longer for the process to get underway and for players to actually get paid.