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London to Host Public Hearing on Full Tilt Poker

14 July 2011 by admin

full-tilt-poker11Twelve days from now, London will host a public hearing on Full Tilt Poker to give everyone an idea about the future of the company, its past practices and more. The hope is that it will shed some light on the situation and ease the mind of poker players and investors.

On July 26, the Alderney Gambling Control Commission (AGCC) will hold the public hearing at the Park Plaza Victoria Hotel in London, England. The AGCC released a statement, saying that “the purpose of the hearing will be to make public evidence from both AGCC and Full Tilt regarding the suspension of Full Tilt’s license and to adjudicate the findings transparently.”

Full Tilt Poker, once the second-largest online poker room in the world, is licensed and regulated in Alderney by the AGCC. Last month, the AGCC suspended Full Tilt’s operating license, shutting down the company entirely for the time being. The Alderney regulators decided to investigate the online gambling site after the company was indicted in the United States for a variety of offenses, including money laundering and bank fraud. While fellow Black Friday poker room PokerStars has returned money to any players requesting a refund, Full Tilt has not, and word is that they don’t have the funds to reimburse players. After investigating the company, the AGCC suspended its license due to belief that Full Tilt had breached the terms of the license.

Also in the statement, the AGCC said that their choice to hold a public hearing on 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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