Arjel pulls Full Tilt license as precaution

Posted by Steve Ruddock on Jul 06, 2011 Posted in Online Poker News | No Comments »

France’s regulatory body for online poker Arjel has decided to follow in the footsteps of the site’s UK regulatory body, the Aldernay Gambling Control Commission (AGCC), and suspend Full Tilt Poker’s license in what Arjel is calling “a precaution”.

Here is a look at the statement issued by Arjel (mind you I had to use Google Translate):

Basically, it seems that the regulatory bodies have decided that until Full Tilt Poker repays their US players the site’s license will remain in limbo, and if the site’s license is in limbo the only way they can repay their players is by an infusion of cash through an outright sale or selling a majority share in the company –as has been rumored.

Tags: , , , , , , , , , , , , ,



Leave a Reply

Promotional News

WSOPE High Roller Event In The Czech Republic Attracting Top Poker Players From All Over The World
King’s Casino in Rozvodov, Czech Republic has the reputation for hav …
Read more

Stars Group Launches New Poker Game PokerStars Power Up
Stars Group Incorporated has launched a new online poker game called P …
Read more

BetOnline Poker release Promo Code for 2017-2018
BetOnline Poker decides its time to change the tide of poker in 2017 w …
Read more

GPL Announces GPL Brazil Edition As It Begins Regional Push To Sportify Poker
The Global Poker League (GPL) had a mission to sportify the game of …
Read more