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France Shuts Down Full Tilt Poker

5 July 2011 by admin

full-tilt-poker11Things continue to go downhill for the folks at Full Tilt Poker. Back in April, they were one of the online poker companies targeted and seized in the U.S. Department of Justice indictments unsealed on Black Friday. Last week, it was learned that their own regulating body, the Alderney Gambling Control Commission (AGCC), suspended their license. Prompted by the Black Friday indictments, the commission launched an investigation into the company and found that they were not in compliance with some of Alderney’s laws and regulations. The suspending of their license effectively shuts down Full Tilt Poker, possibly for good. Now another jurisdiction has added insult to injury.

Sources are reporting that ARJEL, the gambling regulatory body in France, has also suspended the license for Full Tilt Poker and shut down the French version of their website, fulltiltpoker.fr. According to ARJEL, the regulators asked Full Tilt to provide proof that they have sufficient funds to pay French players. Recent reports of their financial status suggest that they do not have those funds. When Full Tilt did not respond to the notice, ARJEL shut down the French website and suspended the license.

It is not known how long the suspension will last. If Full Tilt is able to satisfy ARJEL’s concerns, the suspension should be lifted. Even if that happens soon, this could be the death knell for Full Tilt Poker’s French operations. Even if their gambling license is reinstated, few French players would want to play at a site this controversial that has had its license yanked by their regulator. With Alderney, the United States and France shutting down Full Tilt, other jurisdictions may follow. Still, PokerStars, the other company that was part of Black Friday, was not disciplined by their regulator or France. That is important to note because it shows that not all online casinos and online poker sites are bad apples that are being punished. PokerStars has given out needed refunds and is still considered a safe place to play.

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