Thread: BREAKING NEWS: Full Tilt Poker has gaming license suspended

Additional statement from the AGC
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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.

Looks like FTP is knocked out for at least a month.

Stars and the Euro sites are giggling while trying to count money right now ....

Originally Posted by crazee55

You think they will ever be back? I can't see it at all..

I think the software will, not the name or management. It has a ton of value for a big name casino group like Caesar's or Wynn. They can buy out the rights once poker is ready to go in the US and have a ready built platform.

The latest rumor via Wicked Chops is that Ray Bitar, the CEO of Full Tilt Poker, has been voted out by the board of directors.

The rumor of Bitar out ... was just that. A rumor.

Here's an excerpt from Poker News
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After an entire day of deliberation, the AGCC finally recommenced the hearing at 17:45 GMT. It was announced that in the interests of justice and the best interest of Full Tilt customers, the hearing will be adjourned. This is so Full Tilt can pursue advanced investment negotiations, which could result in a better outcome for the players.

The AGCC stated they did not enter into this decision lightly, and will reconvene no later than September 15, 2011.