$3.7 Million To Be Returned To Poker Community From Absolute Poker ShutdownSecond Round Of Payments Approved By Government |
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More money is coming back to the poker community.
Garden City Group, the third party firm hired to facilitate the remission process for victims of the defunct poker sister sites Absolute Poker and Ultimate Bet, said that a second round of payments has been approved by the U.S. Department of Justice.
The distribution will include payments to about 4,600 petitioners with awards totaling $3.7 million, Garden City Group said. The money was what was in customers’ respective accounts when the sites closed after Black Friday in 2011.
In August, about $33.5 million was returned to around 7,400 former players.
Payments will be made via electronic ACH to U.S. petitioners, while a foreign currency check will be issued to those residing outside of the U.S. In the cases where a foreign currency check cannot be issued, the payment will be made via USD check or foreign currency wire depending on the country of residence.
Within the next few weeks, GCG will be sending an email notice to all approved petitioners that contains the amount and method of their payment.
GCG will also be sending an email notice to those petitioners who were approved for payment and were identified as having a delinquent debt qualifying for collection through the U.S. Treasury Offset Program. Payments for these petitioners will be reduced in order to satisfy their debt in part or in whole.
About $60 million worth of player money was lost when the Absolute Poker/UB shut down.
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