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Full Tilt Poker Operations Suspended

Alderney Gambling Control Commission Suspends Full Tilt Poker's Global Operations

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Full Tilt Poker has had its entire online operation suspended by the Alderney Gambling Control Commission.

In a statement released by the regulator at noon UK time Full Tilt was instructed to stop customers playing on the site and suspend all withdrawals from the site.

European players trying to log in to the site on Wednesday lunchtime were prevented from doing so.

The full statement from the regulator is:

“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"

Check back on this breaking news story at CardPlayer.com for further information as it becomes available.

 
 
 
 

Comments

tuffstuff
almost 3 years ago

why do they stop the customers from withdrawing their funds? the customer did nothing wrong it's just the crooks who operate it

 
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Kentheace
almost 3 years ago

The AGCC has just helped full tilt and is in bed with them.... people out of the USA have been cashing out like crazy and full tilt needed this to stop from bleeding to death. They have all (team full tilt) stolen the cash from the customers and put it in their pockets. Howard should be put in prison. Phil was the honest one and did the right thing.

AGCC is a joke shame puppet controlled by Full Tilt.

 
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ArtySmokes
almost 3 years ago

Whether the Gaming Commission in the Channel Islands is doing this to help or hinder Full Tilt is debatable. One thing is certain, however. The "Full Tilt Poker" brand is a dead man walking. The company clearly doesn't have enough money to pay all of its depositors and its legal fees. As with a run on a bank, you should be withdrawing all of your money as soon as you can because soon there won't be any left. FTP RIP.
I'm not sure Pokerstars is any safer though. I certainly wouldn't keep much of a bankroll on any of the sites that had a lot of US players. Some very large companies are going to collapse in the face of the onslaught by US legislators.

 
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takedown
almost 3 years ago

And our President,who is a cardplayer himself and who I voted for,does nothing while his DOJ runs roughshod over all of us.

I hope to send the petition next week. If you agree that this bullshit can be stopped by executive order, then I hope you will look it over and sign on. The link is below.

thanks

Takedown

http://signon.org/sign/president-obama-stop?source=c.fwd.in&r_by=161170

 
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Arturo_Fuente
almost 3 years ago

I think Ivey's actions "helped" a lot to put FTP to rest. Bye-bye FTP, bye-bye my $$. Phil Ivey madce a lot of $$ and betrayed FTP at a difficult moment. So sad. Their software was so much better than Stars'. We will remember you, FTP. May you rest in piece.

 
 

heykerry
almost 3 years ago

Obama has been a giant disappointment, and is no friend of poker, or of personal freedom in general.

There is one presidential candidate, however, who has made our right to play internet poke a campaign issue.

See the TwoPlusTwo threads on former New Mexico governor Gary Johnson.

http://bit.ly/j6Z8xC

Gov Johnson will be speaking at 2+2's big party July 7 starting 6pm at Wynn Hotel. He will also be in the PPA booth at Rio Hotel on July 8 from 1-3pm.

 
 

mikeyb111
almost 3 years ago

I feel sorry for all the "pros" like Howard, Phil, etc. They fought hard for the common man but it was not to be. Oh well life goes on. Raise a candle to the memory of FTP.

 
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clunker
almost 3 years ago

It's was just a Ponzi scam. All these heros of the unwashed masses were using your money to feed their degenerate habits. And why would anyone consider Ivey some kind of hero in this mess.He supposedly made millions but didn't know what was happening, have any idea that there was no way the company could pay the red pros millions and at some point not run out of cash. Sounds like Bernie Ebbers to me.

 
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mgils
almost 3 years ago

I quit following the FTP story about a month ago. Did the U.S. players ever get their money back from FTP, or is it still being held??

 
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Arturo_Fuente
almost 3 years ago

To mgils: no, FTP never paid back to US players. Furhermore, no one heard a word from neither Lederer nor Fergusson since Black Friday. Ivey filed a lawsuit against FTP seeking $150M, that made a possibility of paying back US players slim to none. Thank you MotherF---r Ivey. What an asshole. Is he a hero? He is f----g rat escaping sinking ship.

However, with the speed that new law on online poker is being introduced makes me think that we may have a chance to play online again in a nearest future. Under Las Vegas supervision though. Which is not bad at all. At least I will be sure my $$ is safe and every other hand is NOT a "bad beat".

Good luck to all at the tables.

 
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mattrat33
almost 3 years ago

"However, with the speed that new law on online poker is being introduced makes me think that we may have a chance to play online again in a nearest future." = Optimistic view of an addicted gambler.

"At least I will be sure my $$ is safe and every other hand is NOT a "bad beat"." = Rationalization of an addicted gambler's losses.

 
 

rigac27
almost 3 years ago

Arturo_Fuente their software was better than stars? thats y u put ur money in there,lol good for u. mine went to stars, and mine came right back, people will remember that, when online poker comes back. tilt was always hard to talk to and to get cashouts, stars never was. just like u can keep tellin gme how good ur chevy cobalt is, while my 2006 bmw has never been to the shop. u get what u pay for, and full tilt is like ur wal mart, wanting u to play and offering huge bonuses but come cashout time. were they paying u,lol, nope. star ssaid heres our 50 dollars bonus take it or leave it we are the best, and guess what they had the biggest site with the worst bonus out there. why? yes now their bonus is bigger, but for the longest time it was the smallest and their site was the biggest, why, why?
now we know why they are trusted, fuck the tilters, their customer service was always horrible same with ub, stars all the way.

ps my grammer and typing may be horrible , but all my money is back home safe from poker stars!!!

 
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