As announced earlier today in the poker world, Full Tilt Poker has had their license suspended by the Alderney Gambling Control Commission (AGCC). In another blow to poker players, Moneybookers who is considered one of Europe’s leading digital money companies has officially stopped handling transactions from Full Tilt as of today. Full Tilt Poker along with Absolute Poker are the two remaining poker sites that still have not refunded money owed to American poker players since the nine-count indictment was unsealed on April 15th. Below is the official press release from the AGCC in regards to the decision.29 June 2011 FOR IMMEDIATE RELEASEMedia ReleaseAlderney 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 15 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.Andre Wilsenach, the Executive Director of the Alderney Gambling Control Commission says: ‘The decision to suspend the eGambling licence was in the public interest and, because of the seriousness and urgency of the matter, it required that immediate action be taken ahead of the regulatory hearing.’Any further announcements on this matter can be found on the website of AGCC at www.gamblingcontrol.orgEndsNOTES TO EDITORSDue to the nature of the forthcoming judicial proceedings no further comment can be made at this time. The regulatory hearing will be held on Tuesday 26 July 2011 in London.Further media requests should be directed to Jim Delbridge of LR&D: Jim@LRandD.com or call 01481 246668.Issued by: André Wilsenach (Executive Director)Alderney Gambling Control CommissionAlderney,Channel IslandsDate issued: 29th June 2011Discussion: Do you have money held up in Full Tilt Poker and what are your thoughts on the recent suspension of their license? Poker News: Thoughts on Phil Ivey No Show of WSOPHost Marco D'Angelo and guest Stephen Nover talk about the continuing
news in the online poker world and also about Phil Ivey's no show at the
World Series of Poker and Lawsuit against the owners of Full Tilt.
Yep, had some. It could have been a lot worse though if after a big cash -- tried to keep my account as minimal as possible. Guess that money is gone. Now I have to go back to writing software, thank you very much to my government. Does anyone else find it disturbing that people left their countries to come to America for freedoms, and in under 250 years we have less freedoms than the countries they left? Happy 4th of July -- celebrate your independence?
A leading online poker company shut down by federal prosecutors is set to be bought by a group of European investors in a deal that could allow U.S. players to recover as much as $150 million
I took all my loot outta there back in 08 after having trouble with withdrawls a couple times so not surprised that site is pulling this shit. I feel bad for people who still have money tied up on there which 99% certain they will never see.
I think with losing the Euro market there is ZERO chance US players get paid.
I do (did?).
I didn't, but I know quite a few who have thousands stuck there. I'm guessing they never get more than 10% of it back with all the money that's going to be taken out of the company in court.
I had dog in that fight at Full Tilt....however the downward spiral continues. If I was a US Player, right now I would not park a ton of money into ANY player account in an offshore Poker Site at the moment.
The Feds have me on standby with sportsbooks as well, as I am using more conventional methods now for my wagering of games...just a sad situation across the board....
Curious how many forum members had loot in FT?