suspended

AGCC Notice of Full Tilt Suspension

In the matters of:-

VANTAGE LIMITED
OXALIC LIMITED
FILCO LIMITED
And
ORINIC LIMITED

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
29th June, 2011

You can check it out on the AGCC website.

Hat tip to @KevMath and @thehempy

So it appears that Full Tilt must cease operations until at least July 26th.

2 comments

  1. So, did the management at Full Tilt manage to prepare for anything? If the reports are to be believed, they turned down investment offers so they could maintain control. If that’s true, then they’ve managed to turn a billion dollar enterprise into a smoking hole in the ground. It seems that at every turn in the last year they zigged when responsible managers would have zagged. Does anyone there understand risk management?

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