FullTiltPoker's gambling license suspended

The Alderney Gambling Control Commission (AGCC) has officially suspended Full Tilt’s license just moments ago, requiring the poker room to suspend all operations from the jurisdiction with immediate effect. This is ground breaking information, and probably the most drastic action taken against any of the online poker rooms involved in the 'Black Friday'.

The AGCC's official press release stands as following:
"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 licensees 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:
André Wilsenach (Executive Director)
Alderney Gambling Control Commission
Alderney,
Channel Islands"

So far no official statement was issued by FTP, and only available information to players is that the 'scheduled maintenance' is taking place.


UPDATE #1:
More info about actions taken against FTP from another press release:
Alderney Gambling Control Commission (AGCC) has today issued Hearing Notices under Regulation 46 of the Alderney eGambling Regulations, 2009 to the above named companies who collectively trade as FULL TILT POKER.
In addition, AGCC has issued Suspension Notices under Regulation 47 of the Alderney eGambling Regulations, 2009 to the above named companies requiring them to immediately suspend operations.

The above named companies must, until the Suspension Notices are cancelled or the Commissioners of AGCC have reached a determination at the conclusion of the hearing convened in accordance with Regulation 46 of the Alderney eGambling Regulations, 2009 cease to exercise their eGambling licenses, which means that these 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.

The Alderney Gambling Control Commission will hear the matters contained in the Hearing Notices at a Regulatory Hearing which will commence at 10.00am on Tuesday 26th July, 2011 at the Victoria Park Plaza Hotel, 239 Vauxhall Bridge Road, London SW1V 1EQ. In the event that there is a change to these details this notice will be amended.
André Wilsenach (Executive Director)
Alderney Gambling Control Commission
Alderney, Channel Islands

great cant loggin~~

armageddon

it seems like FTP is out of buiseness at least till 26th july...
SOURCE: http://www.gamblingcontrol.org/userfi...t%20-%20FTP%20suspension%20290611.pdf

holy shit ...
I've got 8k$ in my ftp account

On June 29 2011 06:20 env0y_nl wrote: great cant loggin~~

same.... I guess now I dont have to worry about how to cash out !?! -.-

holy fucking shit O_O

whole white world against us =/

Damn...
Only Party is safe now?

I would say other way, AB/UP and FTP are the only one to have problems ;/

FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUU
insta down 9 k

I dont understand, so they must allow user to withindraw their funds or not?

holy crap, this seems huge...

Suspending their license means they don`t have the right to operate, it doesn`t mean a decision to not pay players. And it was suspended for reasons that were already known.

Players have exactly the same chance of getting their money back as before the suspension.

On June 29 2011 09:02 mrpav.com wrote: I dont understand, so they must allow user to withindraw their funds or not?

Pretty sure they will let the players do that when the right time comes.

the moment ftp allows to withdraw everyone who have any brain cells will do it.


Companies much healthier than FTP would not be able to withstand that, and FTP won't be able for sure. The moment they start actually paying back people their money, they go down.

Which means they have no incentive whatsoever to pay back. If they still have money and are forced to pay, you might get some money back. Otherwise hoping that they will reopen and give back money to the people is crazy.

On June 29 2011 09:19 sTrAtO wrote: Show nested quote + On June 29 2011 09:02 mrpav.com wrote: I dont understand, so they must allow user to withindraw their funds or not? Pretty sure they will let the players do that when the right time comes.

for the life of me I don't see why you would be sure of this

fuck FTP

hope dwan didn't enter into any contracts when he offered to buy up FTP money. he didn't know what kind of gamble he was getting into

On June 29 2011 09:18 Svetoslav wrote: Suspending their license means they don`t have the right to operate, it doesn`t mean a decision to not pay players. And it was suspended for reasons that were already known. Players have exactly the same chance of getting their money back as before the suspension.

I do not agree at all, full tilt still has a lot of employees and other costs (sponsorship contracts etc) that have to be paid as well. Them not having ANY income instead of 50% reduced (made the number up) after black friday is a huge blow and will make it much harder / impossible for them to fully pay all the players. Regulation is absolutely neccesary, like in regular casino's they need to have all player funds segregated on different accounts.
Also if their license stays suspended, why not file for bankruptcy, there isnt anything left to gain for them.