Games halt at Full Tilt after AGCC suspends license

Posted by Steve Ruddock on Jun 29, 2011 Posted in Online Poker News | No Comments »

In a series of statements early Wednesday morning the Aldernay Gambling Control Commission (AGCC) announced that it would be suspending Full Tilt Poker’s license and ordered the site to suspend all activity. According to players from all over the globe, games at Full Tilt Poker came to a complete halt on Wednesday morning after the license was suspended.

Many people now fear this could be the end of the road for the once prominent site, which has been under siege in the months following Black Friday due to their failure to repay their US player base.

Here is a look at the original statement issued by the AGCC:

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

And here is the follow-up statement the AGCC released:

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.”

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