Breaking news: Full Tilt hearing resumes on 19 Sept
Alderney Gambling Control Commission (AGCC) announces hearing will take place in London four days after originally scheduled.
The public hearing to consider the Alderney Gambling Control Commission’s (AGCC) decision to suspend the licences of Full Tilt Poker will resume on 19 September at 9am at the Riverbank Park Plaza Hotel in London the regulatory body has announced today, four days later than originally planned.
As a result of the unsealing of an indictment against 11 individuals on 15 April, including some connected to FTP, alleging bank fraud, money laundering and illegal gambling offences, the AGCC suspended the licences of the companies collectively trading as Full Tilt Poker including Vantage Ltd, Oxalic Ltd, Filco Ltd and Orinic Ltd, and on 26 July, began a public hearing to consider allegations arising from the investigation.
The hearing, however, was adjourned later that morning following the decision of AGCC Commssioners that it was in the best interests of the players using FTP’s services to allow the tribunal to be delayed until 15 September “at the latest”. At the time the Commissioners, led by Isabel Picornell, said the AGCC would delay proceedings to give the beleaguered brand more time to finalise a sale, however since then no sale has materialised, nor the names of the potential investors examining the business.
In its last public statement FTP said at least six groups, including “hedge funds, operators of other internet businesses and individual investors”, have visited Dublin to inspect the operation.” In the same statement it said it was unprepared for the “far-reaching, US government enforcement effort of Black Friday”.
French regulator Arjel, has reiterated that its suspension of Rekop Ltd would be maintained until further notice. The body suspended the poker company’s French licence holder on 4 July as a “precautionary” measure, it said at the time. The Arjel panel added that a suspension was necessary due to the dot.fr site’s inaccessibility following the original multiple licence suspension by the AGCC last week and the company’s need to seek additional financial guarantees to continue operating.
Those wishing to attend are requested by the AGCC, to contact the body on +44 (0)1481 825 500 or email info@agcc.gg