Breaking News: Full Tilt Poker Hearing Scheduled for September
The Alderney Gambling Control Commission is finally prepared to move forward on Full Tilt Poker. Back in April, the AGCC was made aware of indictments against 11 individuals attached to Full Tilt Marketing. Two months later, the announced that it would be hearing the case on July 26.
Full Tilt Poker’s Reprieve
That day came and went. The AGCC didn’t want to penalize players. They decided to give Full Tilt Poker more time and possibly find a white knight in the process. The AGCC did however issue suspension notices to the companies that participated in Full Tilt. These companies included Vantage Ltd, Oxalic Ltd, Filco Ltd and Orinic Ltd. The Commission decided to look into the allegations further as well.
At the time, many people cheered the decision. They seemed excited to have the opportunity to buy a little more time. However, they also knew the day of reckoning would be coming and the hearing was inevitable. At least owners had the opportunity to try and sell the company for the sake of its loyal customers.
The Alderney Gambling Control Commission decided the best option was to revisit the issue on September 15. They were vague on whether they intended to hold the prehearing in a public or private forum. If restricted to a private setting, only 20 stakeholders would be invited. The actual hearing would take place in a public setting.
The Case Goes Forward
The AGCC is finally ready to take a close look at Full Tilt’s business practices and decide whether to suspend Full Tilt’s license. They hoped that in that time, Full Tilt would be able to sell the brand. They didn’t find a buyer, so AGCC’s full court press against FTP goes on. The poker company says they have been visited by potential buyers, but no sale went through.
Four days after the deadline it set, the Alderney Gambling Control Commission must continue with the hearing. They have extended Full Tilt Poker as much leeway as they can.
Where will the FTP case lead? That has yet to be determined. Given the suspension notices already issued, it is clear that they are not going to take the hearing lightly. Should Full Tilt Poker’s license be suspended, many players are going to be disappointed. However, the impacts of the decision may hurt the rest of the gaming industry and possibly set precedent for future cases.