AGCC may reinstate Full Tilt Poker license

Posted by Steve Ruddock on Jul 05, 2011 Posted in Poker News | No Comments »

After a very tumultuous week that saw their license suspended, a near-complete deal with a potential buyer, and then a class action lawsuit filed by poker players in Nevada, Full Tilt Poker was the epitome of the term “rollercoaster ride”. Now the site is on another high as the Aldernay Gaming Control Commission (AGCC) released a statement over the weekend stating that they are in discussions with Full Tilt Poker and a “third party” – most likely the group of European investors who are looking to purchase a majority stake in the company.

Here is a copy of the statement from the AGCC website:

Alderney Gambling Control Commission (AGCC) is in discussions, all be at an early stage, with its licensees trading as Full Tilt Poker and a third party concerning the prospective refinancing of Full Tilt Poker.

The objective of these discussions is to enable the site to re-open to its current and prospective players.

Contrary to current reports circulating in the media, AGCC has not authorised any statement by legal counsel in this regard and has no knowledge of the comments attributed by the editor of Gambling City.net to a Mr. Werner Bers, of whom we are otherwise unaware, and disputes the correctness of his statement.

All and any further authorised announcements on this matter will be found on the website of AGCC at www.gamblingcontrol.org

Correspondence may be conducted via info@agcc.gg

Issued by: André Wilsenach (Executive Director)

Alderney Gambling Control Commission

Alderney,

Channel Islands

Date issued: 3rd July 2011

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