So... will we ever get our Full Tilt money back?

[marvingubba]

I Think they will and have to pay out this money.
Otherwise they can close theit whole business, because nobody trust them anymore.

I agree.
Full Tilt is still a money maker.
Even if US player are banned forever, if they expect any new players they must honor their existing debts.

 

[Makwa]

Been over 3 weeks and I have not received anything from full tilt....Canadian

I got 2 payouts over last few weeks, both within 72 hrs. Canuck.

I agree.
Full Tilt is still a money maker.
Even if US player are banned forever, if they expect any new players they must honor their existing debts.

I expect this is correct.

 

[jolubman]

If Full Tilt is earning interest on our money, then we'll have to wait a long time.

 

[Jbutcher77]

I'm saying no. I don't think FT has or can get that kind of money...and has no incentive to pay it off. Plus all the lawsuits they are and will face will probably crush them.

I also think that the screen shot thing isn't really going to prove anything. What's stopping someone from altering them? It's not a great way to prove anything.

 

[Aldito]

I got 2 payouts over last few weeks, both within 72 hrs. Canuck.

Me too, in ireland. Bank transfer withdrawals took a matter of days while neteller took weeks, if not a month...

 

[PoKeRFoRNiA]

I'm gonna tell this upfront. I have been patient enough but now, not anymore. I'm going to start acting like an asshole now.

If I don't get my money back from full tilt, then I hope all the owners of tiltware and people responsible for this get locked up and stay there for a long time. I have nothing to lose. My bankroll on full tilt = my pure profit. So not a single penny of my wallet money is in my full tilt account anyway. After all, justice needs to be served against shady sites, right?

If I received my poker money, I would support all type of Poker activists groups to legalize online poker at all cost. But when I cannot touch my money while pokerstars was able to refund all their players, I hope full tilt along with ub/ap can burn in hell.

And yes, I am whining. When my profit that I have accumulated throughout hundreds of hours for nearly a year goes down the drain in 1 day, I think it's reasonable to whine and curse the site to burn in hell. WA WA WA WA WA.

 

[coolnout]

Up until the Ivey statement I was almost certain we'd get it back. I haven't seen any positive signs of late so.

 

[bigpick76]

i voted yes...i think we will get paid , but i will say this...i think that online poker will be legal and regulated b4 we ever see any cash from full tilt

 

[Juniorsdaddy]

I voted yes, but I agree with others to not holding my breath waiting. I think it's going to take months, if not a year or more, to clear up the mess and pay everyone back. As long as they are still in business, I will hold out hope. My money was pure profit as well, so I probably would invest it in some live poker whenever I get it back.

 

[OzExorcist]

If Full Tilt is earning interest on our money, then we'll have to wait a long time.

The reality is quite the opposite - they don't have the money to be earning interest on and when they do get it they'll either be paying interest on it themselves or giving up a portion of their ongoing profits under a new part-ownership deal.

 

[fkucdaw0rld]

i think the key to the answer is the fact that they consider player funds company assets or watever...if the feds seized and froze all the company's assets, the player funds will be included in that seizure simply because of how fulltilt labels them...if that's the case then i cant imagine the money ever being released back to the people, unless someone can appeal to the feds after the case is over and try to get their funds released to them...im pretty sure they're just gona say that its illegal money because you should never have been playing on there in the first place, so i find it hard to imagine that the money will be returned to players...you never know tho

 

[CheeseConey]

I've already written this money off. They obviously didn't have the player's money kept separate from their daily operating funds. That means that they would have to raise money to pay off their obligations to U.S. players. The problem is, who would loan a damaged company like FullTilt the money that they need. They've lost their reputation, they've lost the entire U.S. market, they are facing major legal battles. Nobody in their right mind would loan them money.

 

[trucker103]

will hope too someday but know it will be a long wait for sure

 

[Hordling]

I'd have to go No since the whole Ivey thing. Up until then I had a slim amount of hope...even with their Non-statement statements. Since the Ivey thing, we have seen nothing. Which is really not good IMHO.

 

[pol_92121]

..i don't think the us player take money back...

 

[cardriverx]

quick question. If I was in a canada for like a month and had a bill and identification, would I be able to cash out?

 

[OzExorcist]

i think the key to the answer is the fact that they consider player funds company assets or watever...if the feds seized and froze all the company's assets, the player funds will be included in that seizure simply because of how fulltilt labels them...if that's the case then i cant imagine the money ever being released back to the people, unless someone can appeal to the feds after the case is over and try to get their funds released to them...im pretty sure they're just gona say that its illegal money because you should never have been playing on there in the first place, so i find it hard to imagine that the money will be returned to players...you never know tho

Thing is though, that's a long way from what's happened - they haven't frozen all of the company's assets, just whatever was in the accounts of the payment processors that were shut down. Yes it puts a big crimp in their ability to operate and pay out US players but they still have other funds available to them.

As stated previously, it seems the issue for Full Tilt is working out a way to pay out the US player base without losing their Irish gaming licence (which requires them to maintain a certain assets to liabilities ratio instead of segregating player funds) or having to give up control of the company to new investors.

 

[BelgoSuisse]

I've withdrawn a total of $2.5k from FT since black Friday, and the only trouble has been slight delays in processing the withdrawals (about a week). Still playing 100nl there and the traffic is more than decent. Obviously fishes are still depositing.

 

[BelgoSuisse]

As stated previously, it seems the issue for Full Tilt is working out a way to pay out the US player base without losing their Irish gaming licence (which requires them to maintain a certain assets to liabilities ratio instead of segregating player funds) or having to give up control of the company to new investors.

Gaming licence is from Alderney, not Ireland. The island of Alderney is a British Crown dependency in the English channel, very close to the French normandy coast.

 

[Dorkus Malorkus]

I don't get people saying "Oh FT have to return the money otherwise nobody will play there". Remember that AP and UB literally scammed millions of dollars from their customers and they were still doing fine until Black Friday Some poker players are dumb and uninformed and many of those that aren't dumb and uninformed are pragmatic and will play if there are still bad players lingering around.

Not that this has any bearing on the chances of people getting their money from FT. Trying to put a percentage chance on that is pretty difficult, and simplifying it to a yes/no question is just silly.

 

[OzExorcist]

Gaming licence is from Alderney, not Ireland. The island of Alderney is a British Crown dependency in the English channel, very close to the French normandy coast.

My bad - assumed it was Irish since that's where their offices are based

 

[the lab man]

sent Tilt an email and got this response within hours, withdrawing thru moneybookes which used to be instantaneous
Hello Terry,

Thank you for contacting us.

I can assure you that our software systems does not allow us to forget any money transactions. I can also assure you that your funds are safe and you will receive them. We truly apologize that you've had to wait this long, but when I look at the transaction and the duration, I see your withdrawal is in the final stages and it shouldn't be that much longer.

Again, we apologize for the inconvenience and we can only thank you for your understanding. Let us know if you have any other queries.

 

[gefishy]

No, you won't be getting your money back unless you are patient enough to wait for a very very long time. Either A) U.S. Players will be allowed to get back to playing at Full Tilt (meaning that not everybody will be needing all of their money back) or they will have to start refunding percentages of peoples bank-roll so as to not have a massive run on their remaining cash reserves.

I hope things get sorted out with Full Tilt. I liked that site. If they don't start doing something soon, they will alienate any U.S. base that would come back should legislation allow it.

 

[OzExorcist]

I hope things get sorted out with Full Tilt. I liked that site. If they don't start doing something soon, they will alienate any U.S. base that would come back should legislation allow it.

As mentioned above, if the UB cheating scandal taught us anything it's that poker players either have very short or very selective memories. If Full Tilt ever makes it back into the US market, as long as there's action there'll be players and few people will care what happened in mid-2011.

 

[danprince10]

I don't get people saying "Oh FT have to return the money otherwise nobody will play there". Remember that Absolute Poker and UB literally scammed millions of dollars from their customers and they were still doing fine until Black Friday Some poker players are dumb and uninformed and many of those that aren't dumb and uninformed are pragmatic and will play if there are still bad players lingering around.

Not that this has any bearing on the chances of people getting their money from FT. Trying to put a percentage chance on that is pretty difficult, and simplifying it to a yes/no question is just silly.

Didn't UB end up paying the scammees back though?