International edition
September 29, 2020

AGCC had suspended licences of firms collectively trading as Full Tilt Poker

Full Tilt hearing resumes on 19 September

(UK).- 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, four days later than originally planned.


s 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 , Oxalic, Filco and Orinic, 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 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 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.

What is your opinion about this article?
  • I like it
    0 votos
  • I don't like it
    0 votos
  • I have not thought about it
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook