Good news for ex-FTPgrinders from the U.S. today as FullTiltPokerClaims.com updated their claims administration notes after months without any information.
Players will shortly receive an email from claims administrator the Garden City Group (GCG)
This will contain instructions on how to complete an online claim for repayment
The calculation formula will be based on players' balances as of April 15th, 2011
100% of funds will be repaid if the funds forfeited by the DOJ 'equal or exceed' aggregate balances
If funds are not sufficient, each player will incur a loss in equal proportions based on the size of their balance
No information is available as yet as to the amount of funds held by the U.S. government since Full Tilt Poker was shut down over two years ago. It also isn't clear yet whether failed withdrawals made on or shortly before 4/5/11 would be accounted for.