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Full Tilt Poker Has Operating License Suspended

29 June 2011, By: Pokerjunkie.com
The Alderney Gambling Control Commission has suspended the operating license of Full Tilt Poker pending a July 26 hearing.
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The Alderney Gambling Control Commission has suspended the operating license of Full Tilt Poker pending a July 26 hearing.

Early this morning, the AGCC released the following statement:

"Alderney Gambling Control Commission (AGCC) has today issued Hearing Notices under Regulation 46 of its Regulations to Vantage Ltd, Oxalic Ltd, Filco Ltd and Orinic Ltd, collectively trading as FULL TILT POKER.

In addition, AGCC has issued Suspension Notices under Regulation 47 to the above named companies requiring them to suspend all operations with immediate effect.

The decision to suspend these licenses follows a special investigation prompted by the indictments unsealed by US Attorney General's Office in the Southern District of New York on 15th April 2011, during which grounds were found to indicate that these licensees and their business associates were operating contrary to Alderney legislation.

The nature of the findings necessitated the taking of immediate action in the public interest. The venue and date for the hearing will be announced in due course.

Issued by: André Wilsenach (Executive Director) Alderney Gambling Control Commission Alderney, Channel Islands Date issued: 29th June 2011"

All games and tournaments immediately came to a stop on all FTP sites and all cashier transactions were also blocked.

Sites were then immediately unavailable, but they have now reappeared in all languages with a notice saying the site is "down for scheduled maintenance."

The AGCC followed up with another statement shortly thereafter this morning, outlining the next steps and explaining a hearing would be held on July 26.

"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."

Full Tilt has yet to resond publicly, although PokerStars has already issued a statement again assuring players their money is safe and that PokerStars licenses in all jurisdictions are secure.

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