Rakeback.com - Don't play poker without it
 

Full Tilt Claims Are Now Being Paid

GCG says it has now sent over $76 million by bank transfer. Daniel “Jungleman12” Cates reportedly had a seven figure sum owed to him and he often despaired of receiving it:

The payments have been made under the Department of Justice process for compensating victims of crime. As a result, any players who owe money to the US government or under court order, will have that money deducted from the amount sent to them.

The DoJ may not deserve the credit for the repayments. PokerStars bailed out Full Tilt by buying it for $547m in July 2012. It is from this money that players are being repaid.

The DoJ set up the deal so that they would take responsibility for paying US resident Full Tilt players. PokerStars took responsibility for paying all other players, and PokerStars also paid cash value for VIP benefits such as tournament tickets that were outstanding when Full Tilt collapsed.

PokerStars managed to re-launch Full Tilt and start repayments in November 2012; it handed back $184m within a week. Under the management of the DoJ, US players had to wait another 15 months before seeing their money.

Affiliates of Full Tilt lost out under both schemes. PokerStars refused to renew or continue previous affiliate agreements, and the DoJ has refused to re-pay affiliates. Until a late change of the rules, even players who had received minimal affiliate payments for recommending friends to the site were not allowed to claim for the money in their poker accounts.

At last it looks like the uncertainty has been ended, and in a cheeky move, PartyPoker’s newly regulated online poker room in New Jersey is offering a special remission bonus for players who deposit some of their Full Tilt refund on the site.

Great Opportunities to Get Back Online

For players elsewhere in the USA there are still some excellent option available to play online. Americas Cardroom, Carbon Poker, Aced Poker and Black Chip Poker all offer sign up bonuses that make the New Jersey bonuses look unattractive.

By , Rakeback.com Executive Editor

How Much Cash Back Will I Earn?

Rakeback increases your winnings from online poker as you continually earn money back from every raked hand or tournament you play.

Many players earn a living wage from rakeback alone. Use the calculator below to estimate the size of payments you’ll get over a given period of time. The calculator will compute your expected daily, weekly, and monthly cash back depending on the stakes and tables you input.

Calculate Your Rakeback
$125
Hourly
$998
Daily
$17,472
Monthly
$174,720
Yearly

Top Poker Room Recommendation

Black Chip Poker

  • 27% Rakeback
  • $1000 Sign-up Bonus
  • Bonus Code: RBCOM

Download

Popular

  • 11 Online Poker Tools to Boost Your Winrate

    August 20th, 2015

    First up, you probably know them already – PokerTracker and Holdem Manager are by far the most popular poker tools – but may not have heard the two companies recently merged.

    Read more…

  • Where are the Softest Poker Games Online in 2017?

    April 26th, 2017

    “I shouldn’t say this on a poker forum but sng 2.0 acr is about as free money as I’ve seen in poker in a long time. Not sure how long it’s going to last but right now as it’s new people r punting hard.”

    Read more…

  • Lottery Sit & Gos – Where to Play

    August 20th, 2015

    A mixture between tournament poker and gambling, the ‘Lottery Sit and Go’ format is popular with recreationals and regs alike – attracting net depositing players

    Read more…

  • Fast-Fold Poker – The Fastest Poker Online

    January 7th, 2015

    Many of Rakeback.com’s partner sites offer Fast-Fold format poker tables. These high speed poker games eliminate the need for table selection and allow players to grind many more hands/hour thanks to a ‘quick fold’ option. This in turn boosts rakeback earnings.

    Read more…

 
© 2015 Rakeback.com