Arjel pulls Full Tilt license as precaution

Posted by Steve Ruddock on Jul 06, 2011 Posted in 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

High Stakes News

Promotional News

10 reasons to play Poker at BetOnline in 2019
2019 seems to be the year poker players search for a new poker site to …
Read more

UK And EU Poker Players Should Check Out The New One Time Poker Website
Most poker players in the European Union and United Kingdom may not be …
Read more

Latest Ignition Poker tournaments
The good thing about Ignition poker tournaments is that you have the c …
Read more

Poker Night In America Debuts New Live Poker Show Featuring Celebrities
Poker Night in America is introducing a new poker show format on CBS, …
Read more