FULL TILT POKER CRISIS DEEPENS


THE SAGA THAT has engulfed one of the world's largest and best known poker sites descended to new depths at the end of Jane as the Alderney Gambling Control Commission (AGCC) suspended Full Tilt Poker's gambling license, forcing the company to cease accepting deposits from new and existing players.

By the time you read this, the AGCC will have hosted a hearing into the suspension of Full Tilt Poker's licence at London's Park Plaza Victoria Hotel. Executive Director of AGCC, Andre Wilsenach, said: "AGCC's choice to hold a public hearing into the future of Full Tilt Poker demonstrates our willingness to act transparently and we will welcome members of the public and the media. As ever at all times, our primary concern is the protection of the player."

The AGCC suspended Full Tilt's licence in late June following indictments from the US Department of Justice and the site's "subsequent failure to satisfy AGCC that its activities inside and outside the US were in order."

Similar procedures were enforced in France as the regulatory body, ARJEL, imposed a 'precautionary' suspension on Full Tilt's license after the latter's French license holder, Rekop Ltd, was unable to produce the required bank certificates to ensure that sufficient funds were available to pay players and continue operating.

Full Tilt had been in discussions with potential suitors to invest a reported $150 million into the company but as of yet, no more news on this investment has materialised.
 
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