UK Poker Player Poker News Full Tilt Gaming License Revoked

Full Tilt Gaming License Revoked

Posted by David Cowell on June 29, 2011 at 12:16 BST

full tilt poker licenceThe Alderney Gambling Control Commission (AGCC) has today suspended the gaming licences of online poker room Full Tilt Poker. With immediate effect all Full Tilt Poker operations which are licensed by the AGCC have been immediately suspended, including games which were ongoing.

Players with Full Tilt Poker accounts will find that they can no can no longer log into their accounts and when visiting the web site a message appears that “Scheduled Maintenance is in Progress”.

The suspension of Full Tilt´s operations was announced this morning by a statement released by the AGCC. It stated “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.”

This comes after a previous media statement last month in which the AGCC announced an ongoing investigation into licensee Vantage Limited (trading as Full Tilt Poker) following the US seizure of the .com domain name and several Full Tilt bank accounts. It anticipated at the time that repatriation of funds belonging to US players would soon be resolved, however it would appear that the AGCC´s patience – like so many US Full Tilt Poker players – has finally been exhausted.

The news comes on the back of revelations that Full Tilt Poker lost over $60 million due to an inability to process player´s payments to their accounts (even though the funds were credited to the player´s accounts) and allegations that they allowed their professional players to have multiple accounts to hide their true identities. It has also been claimed that many of these accounts were allowed to run in negative balances when the professional players lost at the tables.

The full text of the May 15 media statement is below, and included a footnote stating “The AGCC will issue a further statement if there is a relevant change in the licensee’s circumstances” It would appear that relevant change has just occurred!

The AGCC’s investigation into the affairs of it licensee Vantage Limited, trading as Full, is ongoing; initial investigations indicate no reason to believe that player fund transactions are fundamentally threatened by any consequence of the US authorities’ actions. Delays caused by these actions are in the process of resolution, with normal service now being restored for non-US players. We understand that progress in respect of US player fund repatriation is anticipated and will be the subject of a separate statement from Full Tilt in due course. The Commission will remain engaged in this process.

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