Online gamblers who have been sitting by the edge of their seats waiting to see if Full Tilt Poker was going to be allowed to pay back their funds since the Black Friday seizure of the popular online poker room has finally answered. EGRMagazine.com has reported that the Department of Justice has unfrozen the Irish bank account of co founder Raymond Bitar making it possible now for Full Tilt to start the process of paying back its players, if it so chooses to do. With the release of this bank account more than one third of the $150 million that’s owed to use players can now be paid.
Before players start jumping for joy and relief that the millions of dollars owed will start hitting their bank accounts you need to know that a spokesperson for Full Tilt Poker has stated that even though this is a step in the right direction this does not mean that payments will start being made immediately and a date was also not offered as too when players could start seeing their money. The spokesperson went on to say that there were other issues like other banks that are withholding player’s monies that weren’t even included in the seizure. These other banks just decided on their own to close down when the seizures began and now they need to be ordered to reopen those accounts so the money can be released. There is also factors like just how much money is actually left to pay players once fines and backlogged money is accounted for. So yes its good news that the DOJ has released ‘one’ bank account for player payment, but just when this will happen is still up in the air. Stay Tuned.By Patricia C. Senior Editor casinoplayersreport.com