Jul 13 2011

AGCC will hold public hearing into Full Tilt Poker on July 26

written by: Steve under News Comments: Comments Off

With the Aldernay Gambling Control Commission (AGCC) calling for a public hearing, in less than two weeks time we may finally see what the future holds for Full Tilt Poker, as well as the hundreds of millions of dollars currently sitting in players’ accounts.

It seems likely that if the tight-lipped Full Tilt Poker has any interest in having their license restored by the AGCC they will have to open up about what is transpiring behind closed doors, which means possible details about the rumored impending sale; details on what happened to cause players funds to be co-mingled with operating funds; and many other issues that have come to light since Black Friday.

Here is the complete statement issued by the AGCC:

Alderney Gambling Control Commission (AGCC) will hold a public hearing regarding the future of Full Tilt Poker at 10am on 26 July at the Park Plaza Victoria Hotel in London.

The purpose of the hearing will be to make public evidence from both AGCC and Full Tilt regarding the suspension of Full Tilt’s licence and to adjudicate the findings transparently.

Full Tilt’s licence was suspended last month by AGCC following an indictment by the US government and its subsequent failure to satisfy AGCC that its activities inside and outside the US were in order.

Executive Director of AGCC, André Wilsenach, said: “AGCC’s choice to hold a public hearing in to the future of Full Tilt Poker demonstrates our willingness to act transparently and we will welcome members of the public and the media. As ever at all times, our primary concern is the protection of the player.”

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