Full Tilt Poker offline, gaming license suspended

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The Alderney Gambling Control Commission (AGCC) ordered the suspension of Full Tilt Poker's operating license. Full Tilt Poker executives must attend a hearing on July 26th to discuss the state of their license with AGCC. As part of the suspension order, AGCC has demanded that Full Tilt Poker immediately cease player registration, deposits and withdrawals, and game-play. Whilst Full Tilt's website remains accessible, the downloadable poker client times out and fails to allow players to access the gaming lobby. Player reports indicate that play was abruptly stopped today at approximately 6:30AM EDT.

On April 15th, 2011, Full Tilt Poker, Poker Stars, and Absolute Poker announced a US-market exit following indictments by the US Attorney General's office in the Southern Distict of New York. Of the companies which pulled out, Poker Stars has shown the most resiliance - continuing to operate in accepted markets, and not stalling in paying its existing US player base. Absolute Poker—a Costa Rican based poker site—had its office raided by US authorities and was forced to shutdown its entire operation. On May 11th, 2011, Absolute Poker vowed to return US player funds, following a legal agreement struck with NY Attorney General Preet Bhara.

Full Tilt's solvency was a particular cause for concern following the April 15th, 'Black Friday' online poker shutdown. Numerous reports circulated indicating that FTP failed to honor withdrawals for even non-US customers, as well as an alleged report from its featured poker player 'Phil Ivey', where the player non-payments were further spotlighted. | Alderney Gambling Control Commission official 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 licenses 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: Andre Wilsenach (Executive Director)
Alderney Gambling Control Commission
Alderney,
Channel Islands

Date issued: 29th June 2011

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