Alderney suspends Full Tilt's licence

[RayUK]

As reported here:

http://www.egrmagazine.com/news/1673...-licence.thtml

"The Alderney Gambling Control Commission (AGCC) has suspended Full Tilt’s licences, requiring the poker room to suspend all operations from the jurisdiction with immediate effect. "

I think the Alderney licence was Full Tilt's only one? And the one it provided services to Europe etc. under? Anyway it looks bad, I can only find that one report on it so far though.

[SlotsAff]

Incredible stuff

[baldidiot]

Dang son!

Also, from full tilt:

"The system is currently down for maintenance. Please check back soon!"

Lol. I guess they can't say:

"Ah, ****".

[ocreditor]

Unbelievable!
Would you agree that other than the latest US mess, granted a major F-up, Full tilt have been fair. so it's a repercussion of the US mess?

[baldidiot]

Update:

Statement from Alderney: http://www.gamblingcontrol.org/userf...n%20290611.pdf

[baldidiot]

From the above:

...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.

Hearing to take place on the 26th July

[ocreditor]

I quickly reported on it on our site...
Do you think this can carry through a hearing on July 26th? a full month? Hope this settles either way before then...

[LazyRiver]

Yet another round of champagne corks popping out at Betsson, Bwin, Sportingbet, BetClick and alike...

[Caruso]

What did they do?

[grem]

So pokerstars is going to be exempt from all of this? ...

[Gabriel_LCP]

Wow, this is scary stuff! When is this going to end!

[Topboss]

I had a feeling this was coming because about 5 or 6 days ago I withdrew my affiliate revenue via the player account ( which I had to open as its the only way you can get paid ) and when I did the withdrawal - I got a message to say that they are currently processing my withdrawal but please be advised that there is a delay in processing payments.
As of today, I have still not received my payment, and it used to be in the following day after withdrawal... I guess its highly unlikely that I will see anything now though...

[GPWA Aaron]

Here's our story on the decision.

Alderney suspends Full Tilt Poker's license
29 June 2011

By Aaron Todd

The future of Full Tilt Poker appears to be in doubt this morning, as the Alderney Gambling Control Commission (AGCC) has issued an order for Full Tilt to suspend all operations immediately.

"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 15 April 2011, during which grounds were found to indicate that these licensees and their business associates were operating contrary to Alderney legislation," reads a press release from the AGCC. "The nature of the findings necessitated the taking of immediate action in the public interest."

All games at Full Tilt have screeched to a halt. A regulatory hearing on the matter will be held on July 26 in London. There is no indication that Full Tilt could reopen for business before that time.

The U.S. Department of Justice seized 76 bank accounts and the websites of the three largest online poker sites that allowed American players on April 15.

PokerStars paid more than $100 million back to Americans one month after the seizures, while Full Tilt appeared to be stalling in public statements issued through Internet poker message boards. Absolute Poker/UB.com players, who are also waiting to receive their money, have heard very little from the company in the weeks since the site confirmed that it had laid off nearly all of its employees.

Full Tilt was dealt a huge public relations blow a few weeks later when Phil Ivey, the site's highest profile celebrity player, announced that he would not play in any World Series of Poker events as a result of Full Tilt's inability to pay American players. As time progressed, some players outside of the U.S. started to complain on Internet message boards that withdrawals were slow, and at times, were never completed.

AGCC regulations require licensees to "at the request of a registered customer, remit funds standing to the credit of that customer as directed by the customer."

Reactions to the news were swift on Twitter. Full Tilt pro Tom 'durrrr' Dwan, who had earlier stated that he would pay $1 million of his own money to Full Tilt players if they were unable to recover the funds in their accounts, tweeted "Some pretty objective ppl who's [sic] opinions I respect are worried now that FT can't payout or find a buyer. Me too more I think about it"

"I'm pretty sick about all this," he added a few minutes later. "Its [sic] ridiculous that players weren't paid weeks ago. I feel pretty sick to my stomach."

Rumors that Full Tilt was looking for an influx of cash from new investors had been running rampant, and Jack Binion was the focus of much speculation in that regard in recent days. This news, however, may cool Binion's (or any other investor's) enthusiasm.

[Caruso]

Anyone know why?

[TheGooner]

This line seems a key component ....

AGCC regulations require licensees to "at the request of a registered customer, remit funds standing to the credit of that customer as directed by the customer."

[RBS]

So they finally got that huge kick in the balls, just as they deserved for ruining the affiliate commisions

[Smoking]

So they finally got that huge kick in the balls, just as they deserved for ruining the affiliate commisions

But who caught that on video ?

[RBS]

But who caught that on video ?

Yeah that would have been priceless lol However I have an image in my head which is more than enough to make me smile !

Sorry to everybody with potential loss etc. I am not trying to be a jerk, I lost money myself (I guess) but we gotta have a little fun. And I have hated them for a long time for 3% with deductions, so now I had the last laft, and it amuses me

[betarades]

Pokerstars juse sent an e-mail about this. I believe that there will be important news in poker area...

[GFPC]

Yeah FTP actually deserves much of this right now considering how badly they have treated the whole industry. I wish people to get their money and for me to get mine - but for what its worth - i really could care less if they paid now

They will never recover after this.

Yeah that would have been priceless lol However I have an image in my head which is more than enough to make me smile !

Sorry to everybody with potential loss etc. I am not trying to be a jerk, I lost money myself (I guess) but we gotta have a little fun. And I have hated them for a long time for 3% with deductions, so now I had the last laft, and it amuses me