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.

Anyone who continued to play on FTP after PS paid back US players is an idiot.

Well some have funds stuck there, so why not as well play with it?

On June 29 2011 11:20 YouGoTGoT wrote: Anyone who continued to play on FTP after PS paid back US players is an idiot.

On June 29 2011 11:36 Liquid`Meat wrote: Well some have funds stuck there, so why not as well play with it?

now if someone deposited money there then it's LOLLLLL

god fucking damnit i have a lot of money stuck on there too.

every day it seems like the news gets worse and worse ;(

This pretty much confirms that online poker just wont work in the long term anymore. I'm pretty sure whether or not i get my 4k on FTP back that im going to withdraw on every poker site and quit the game. Games are harder(more regs, less donks), the money on each site seems more and more vulnerable every passing day, etc.

I feel like absolute/UB is next.. really want to get my money off there asap.

On June 29 2011 11:20 YouGoTGoT wrote: Anyone who continued to play on FTP after PS paid back US players is an idiot.

Agree with this, sorry americans

I doubt PS will be hit by this. You need to have servers on their little island right? Whereas PS are on Isle of man..

edit:

GSC Statement 29th June 2011 The Isle of Man Gambling Supervision Commission wishes to make it clear that the licensing status of PokerStars in the Isle of Man remains unchanged following today's statement from the Gambling Control Commission in Alderney. Alderney is a separate jurisdiction from the Isle of Man and the operation in question is separate from PokerStars. PokerStars continues to demonstrate compliance with its licence conditions in the Isle of Man. PokerStars continues to offer withdrawals to any players who wish to withdraw their funds, including players in the USA to whom PokerStars does not currently offer real-money gaming.

http://www.gov.im/gambling/

On June 29 2011 12:38 TheHuHu3 wrote: Show nested quote + On June 29 2011 11:20 YouGoTGoT wrote: Anyone who continued to play on FTP after PS paid back US players is an idiot.

Yep sure trying to clear 2k+$ bonus before leaving is stupid as hell.
You guys sometimes should just shut the fuck up ...

On June 29 2011 11:20 YouGoTGoT wrote: Anyone who continued to play on FTP after PS paid back US players is an idiot.

i gotta believe pokerstars is having a sick office party today

On June 29 2011 13:58 Zep wrote: i gotta believe pokerstars is having a sick office party today

Well, i doubt they're all that happy about it. It means they most likely get more players but people now distrust online poker more than ever given that 1 of the two main most reputable sites has been shown to be shady and now taken offline.

On June 29 2011 14:26 ggplz wrote: Show nested quote + On June 29 2011 13:58 Zep wrote: i gotta believe pokerstars is having a sick office party today Well, i doubt they're all that happy about it. It means they most likely get more players but people now distrust online poker more than ever given that 1 of the two main most reputable sites has been shown to be shady and now taken offline.

Disagree. Every problem FTP has had since black Friday just shows how much more professional and safe PS is. When something like this happens and one of the two big sites goes down while the other stands tall, it shows that its not the industry that is shady and unsecure, its only FTP (and some smaller sites). It should be clear to anyone with a brain that PS and FTP were never on the same level, even if they appeared to be. It would be foolish to judge them in that manner.

On June 29 2011 13:16 waga wrote: Show nested quote + On June 29 2011 12:38 TheHuHu3 wrote:   On June 29 2011 11:20 YouGoTGoT wrote: Anyone who continued to play on FTP after PS paid back US players is an idiot. Yep sure trying to clear 2k+$ bonus before leaving is stupid as hell. You guys sometimes should just shut the fuck up ...

Im sorry, all I heard was "blah blah blah im a greedy whore"

I geuss you are technically correct tho. You are not an idiot, you are a greedy idiot.

On June 29 2011 11:20 YouGoTGoT wrote: Anyone who continued to play on FTP after PS paid back US players is an idiot.

first of all, i wasnt even able to cash out in the US when it happened. I MOVED to the bahamas. And they wouldnt even process my location change. Im an idiot too?

On June 29 2011 14:38 YouGoTGoT wrote: Show nested quote + On June 29 2011 14:26 ggplz wrote:   On June 29 2011 13:58 Zep wrote: i gotta believe pokerstars is having a sick office party today Well, i doubt they're all that happy about it. It means they most likely get more players but people now distrust online poker more than ever given that 1 of the two main most reputable sites has been shown to be shady and now taken offline. Disagree. Every problem FTP has had since black Friday just shows how much more professional and safe PS is. When something like this happens and one of the two big sites goes down while the other stands tall, it shows that its not the industry that is shady and unsecure, its only FTP (and some smaller sites). It should be clear to anyone with a brain that PS and FTP were never on the same level, even if they appeared to be. It would be foolish to judge them in that manner.

Yes, in a regular players eyes. I'm talking about the fish -- your average poker player. For them, they will ask "why is PS any different?" and still may not believe or trust that it is any different. It is definitely something that may put off potential players. It's just more ammunition people can use against poker.

On June 29 2011 14:40 YouGoTGoT wrote: Show nested quote + On June 29 2011 13:16 waga wrote:   On June 29 2011 12:38 TheHuHu3 wrote:   On June 29 2011 11:20 YouGoTGoT wrote: Anyone who continued to play on FTP after PS paid back US players is an idiot. Yep sure trying to clear 2k+$ bonus before leaving is stupid as hell. You guys sometimes should just shut the fuck up ... Im sorry, all I heard was "blah blah blah im a greedy whore" I geuss you are technically correct tho. You are not an idiot, you are a greedy idiot.

If I'm an idiot we can HU4rollz if you want
Oh wait you can't play anymore

I will not bother explain to you why risk 6k to clear 2k in 2-3 weeks is ++EV

On June 29 2011 14:38 YouGoTGoT wrote: Show nested quote + On June 29 2011 14:26 ggplz wrote:   On June 29 2011 13:58 Zep wrote: i gotta believe pokerstars is having a sick office party today Well, i doubt they're all that happy about it. It means they most likely get more players but people now distrust online poker more than ever given that 1 of the two main most reputable sites has been shown to be shady and now taken offline. Disagree. Every problem FTP has had since black Friday just shows how much more professional and safe PS is. When something like this happens and one of the two big sites goes down while the other stands tall, it shows that its not the industry that is shady and unsecure, its only FTP (and some smaller sites). It should be clear to anyone with a brain that PS and FTP were never on the same level, even if they appeared to be. It would be foolish to judge them in that manner.

This is terrible for the industry as a whole, just like the UB scandals. These issues reaffirm to the general public that online gambling sites are shady and should not be trusted.

Why do you think that pokerstars immediately puts up a public statement that they are still reliable?

On June 29 2011 11:20 YouGoTGoT wrote: Anyone who continued to play on FTP after PS paid back US players is an idiot.

On June 29 2011 14:44 handbanana21 wrote: Show nested quote + On June 29 2011 11:20 YouGoTGoT wrote: Anyone who continued to play on FTP after PS paid back US players is an idiot. first of all, i wasnt even able to cash out in the US when it happened. I MOVED to the bahamas. And they wouldnt even process my location change. Im an idiot too?

I thought it was obvious I was referring to those NOT in the US. You fall into a tiny category of US players who could play but not cash out. Essentially you changed countries to gamble for play monies.

On June 29 2011 16:37 barbieman wrote: Show nested quote + On June 29 2011 11:20 YouGoTGoT wrote: Anyone who continued to play on FTP after PS paid back US players is an idiot.

Lol, not really. How can so many of you be so ignorant? When 2 weeks passed after PS made a deal w/ DOJ and paid players but FTP didnt, you didnt think something was odd? Did u think they just hated americans? that they wouldnt pay us but they had ur funds safe somewhere?

gg ftp. f u

We would like to bring your attention to the following two press releases: PokerStars Official Statement, June 29 2011 In light of today's news that Alderney Gambling Control Commission has suspended Full Tilt Poker's license, PokerStars wishes to assure our customers that their funds are completely safe and that our operations are completely unaffected. The Isle of Man Gaming Commission today re-affirmed that PokerStars' worldwide licensing is intact and that our operations are in full compliance with all of its requirements. PokerStars' online operations continue as normal and all funds in players' accounts are safe and available for withdrawal as usual with no delays. PokerStars also remains in full compliance with our licenses in other jurisdictions where we are regulated, including France, Italy and Estonia. As provided under our licensing, PokerStars has always maintained the integrity and security of our players' funds, by keeping all such funds in segregated bank accounts, always available for immediate withdrawal. Since the actions of US Department of Justice in April, we have returned more than $120 million to US players and continue to act upon requests as they are received. Players outside the US have not been affected and all cash-outs have been processed without delays. Further, PokerStars entered into an agreement with the Department of Justice which expressly confirmed the company's ability to operate outside the US. We will continue to operate as a responsible corporate citizen and are committed to serving the needs of our customers in complete compliance with our regulatory requirements. IOM Gambling Supervision Commission Statement, June 29 2011 The Isle of Man Gambling Supervision Commission wishes to make it clear that the licensing status of PokerStars in the Isle of Man remains unchanged following today's statement from the Gambling Control Commission in Alderney. Alderney is a separate jurisdiction from the Isle of Man and the operation in question is separate from PokerStars. PokerStars continues to demonstrate compliance with its licence conditions in the Isle of Man. PokerStars continues to offer withdrawals to any players who wish to withdraw their funds, including players in the USA to whom PokerStars does not currently offer real-money gaming. The official statement from the IOM Gambling Supervision Commission can be found here. We would like to thank you for your continued support. Best Regards, The PokerStarsPartners Team www.PokerStarsPartners.com

On June 29 2011 16:48 YouGoTGoT wrote: Show nested quote + On June 29 2011 16:37 barbieman wrote:   On June 29 2011 11:20 YouGoTGoT wrote: Anyone who continued to play on FTP after PS paid back US players is an idiot. Lol, not really. How can so many of you be so ignorant? When 2 weeks passed after PS made a deal w/ DOJ and paid players but FTP didnt, you didnt think something was odd? Did u think they just hated americans? that they wouldnt pay us but they had ur funds safe somewhere?

I don't not really know exactly what's been going on, but I thought FTP's money and the american players had their money in the same account that was frozen, but not europeans. That's why we have been able
to withdraw.

I only had a couple hundreds laying around after I moved my bankroll a long time ago and I withdrew them to avoid getting my money stuck on FTP(even though it felt unlikely).
Calling people idiots for not withdrawing seems a bit over the top. I suspect that you thought something like this might happen, might being the keyword, and now that it has happened
you spring forth saying you knew it would happen and that people that didn't insta withdraw are idiots.

I just find it very annoying when somebody says"I told you so!" after something bad has happened to somebody, especially in a malicious way.

Moneybookers just dropped cooperation with FTP permanently:

Dear X,

As a Moneybookers customer, you already know you are the most important part of our business. We always make sure you receive the safest service.

For this reason we have stopped accepting deposits made to Full Tilt Poker.

There are extraordinary circumstances behind this situation which are beyond our control. We will not comment on these, just take appropriate action that protects our customers.

We have requested that the Moneybookers logo be removed from Full Tilt Poker, but cannot do any more to make sure it is not displayed. Moneybookers is no longer available from Full Tilt Poker, and you will receive an error message if you attempt to use our service there.

We want you to continue to enjoy your gaming with Moneybookers, and recommend you have a look at our gaming promotion page.

As we have stated, this is an extraordinary situation, and we will try to have all connected issues resolved as soon as possible.

Should you have any questions, please contact our customer support.

Best wishes,

Your Moneybookers Team

Even if FTP is going to be back on its feet there will be no players left there imo. So FTP might easily declare bankrupsy ? or what do u guys think...

FUCK FTP

fuck you, FTP! stole my $1500, motherfucker deserve to go bankrupt

why the hell did they not release an official statement yet?

damn, feel pretty lucky having all my $ on stars + being canadian

Word on the street is FTP is just gonna be like fuck it and go completely rogue AP/UB style. Open back up to US, process eChecks whatever. I say take your rolls, run em up, and try to cash out within 7 days if this actually happens lol.

http://www.casinocitytimes.com/news/a...ugh-kahnawake-mohawk-territory-197841

lol @ granting a license to a company which cant even pay out its players. GO KGC !!

On June 29 2011 22:39 samillionaire wrote: FUCK FTP

KGC is a joke, so this news has to be a joke as well -__- it wouldnt surprise me tho