While many have anticipated the worst news was yet still to come in the continuing saga that Full Tilt Poker and it’s related business practices have become, today has dropped another panic bombshell. The Alderney Gambling Control Commission issued several statements regarding its immediate suspension of Full Tilt Poker’s eGambling license it regulates and has authority over.
The latest statement by Andre Wilsenach, the Executive Director of the Alderney Gambling Control Commission read: ‘”The decision to suspend the eGambling license was in the public interest and, because of the seriousness and urgency of the matter, it required that immediate action be taken ahead.”
It doesn’t seem however that this is entirely in the best interest of many poker players as the information below seems to indicate that Full Tilt Poker is now “required” to cease player cash-outs to avoid digging the proverbial “hole” any deeper. It is also being enforced by the AGCC that FTP suspend all play, leaving those that have invested their time and money into satellites and “Step” tickets also out of luck.
Clearing this latest black mark up in a speedy fashion, something most players will likely being praying hard for today isn’t going to happen either, nor will much more be said by the AGCC over the next month as indicated in it’s closing remarks “Due to the nature of the forthcoming judicial proceedings no further comment can be made at this time. The regulatory hearing will be held on Tuesday 26 July 2011 in London.”
Expect online poker discussions to over shadow the WSOP happenings over the next week as the bad news continues to reach many this morning and players find the Full Tilt Poker “down” once again. More confusion, sorrow and anger are all sure to surface today and all things poker will be focused on the print below:
In the matters of:-
VANTAGE LIMITED
OXALIC LIMITED
FILCO LIMITED
And
ORINIC LIMITED
Alderney Gambling Control Commission (AGCC) has today issued Hearing Notices under Regulation 46 of the Alderney eGambling Regulations, 2009 to the above named companies who collectively trade as FULL TILT POKER.
In addition, AGCC has issued Suspension Notices under Regulation 47 of the Alderney eGambling Regulations, 2009 to the above named companies requiring them to immediately suspend operations.
The above named companies must, until the Suspension Notices are cancelled or the Commissioners of AGCC have reached a determination at the conclusion of the hearing convened in accordance with Regulation 46 of the Alderney eGambling Regulations, 2009 cease to exercise their eGambling licenses, which means that these licensees must from today cease to:-
· Register new customers;
· Accept deposits from existing customers;
· Allow existing customers to withdraw funds that are held in their accounts; and
· Permit customers to participate in any form of poker game play or gambling transaction.
The Alderney Gambling Control Commission will hear the matters contained in the Hearing Notices at a Regulatory Hearing which will commence at 10.00am on Tuesday 26th July, 2011 at the Victoria Park Plaza Hotel, 239 Vauxhall Bridge Road, London SW1V 1EQ. In the event that there is a change to these details this notice will be amended.
André Wilsenach (Executive Director) Alderney Gambling Control Commission Alderney, Channel Islands
