Full Tilt starts paying US Players

If you live in the U.S. and you used to play at Full Tilt Poker, before they were forced to shut you out, then you probably got an email from the recently giving an update on their plans and progress returning player funds still held up in FullTilt accounts due to the site’s closure of U.S. operations and freezing of U.S. assets.

On Friday the site issued a statement explaining that all player funds in Tournament Dollars (T$) and tournament tickets have now been converted back into cash in the player’s account. Can the players withdraw that cash yet? is the next question.

And the answer is: Not yet.

Full Tilt is converting T$ at a 1:1 ratio, or $1 for every T$1. All unused tournament tickets are being converted back into their full original cash value. Ring game tickets that were unused, either in full or in part, and have expired as of April 15 (“Black Friday” to the online poker community) have been credited as cash for the full value of their remaining unused portion.

Additionally, players’ Iron Man and Black Card statuses will be left as they are, even if the players can’t get back onto the site.

But what Full Tilt is still unable to do is refund any of these monies to players’ hands. That, they say, they’re still working on.

While many players have vociferously expressed their displeasure at Full Tilt Poker’s holdup in getting U.S. player funds refunded, what with Poker Stars having already begun the task, Full Tilt Poker pro Tony G. issued a Tweet requesting players give the site their patience as they are doing the best they can.

Source:Holdem Poker Chat