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Former Online Poker Players Of Absolute Poker and Ultimate Bet To Receive $33.5 Million


Former Online Poker Players Of Absolute Poker and Ultimate Bet To Receive 33.5 Million

Players who were unable to retrieve their funds after the infamous Black Friday incident, it was announced in April that the former online poker members of Absolute Poker and Ultimate Bet could file a claim to receive the funds owed to them.

The player could retrieve their funds after filing a claim via the Garden City Group, famous or working on the Full Tilt Poker remission process over the past few years.

The Absolute Poker reached a settlement with the Department of Justice in 2013 on the matter. DOJ alleged that the company failed to maintain its funds at appropriate levels where it could compensate the player. The company policy however stated otherwise and told the clients that their deposited funds would be safe and secure, and available for withdrawal at any time.

The case reached a settlement in 2013, and after forfeiting all the assets of Absolute Poker, the funds would be distributed to the affected players. A sum of around $33.5 million will be refunded during the remissions process, according to the Garden City Group.

A website created for the claims from the former Absolute Poker and Ultimate Bet announced that it had approved the first round of payments for those who registered before the initial June 9, 2017, deadline. Players can still file for the claim on either of the website by 7th of September.