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Full Tilt Hearing Tomorrow in London

July 25, 2011

The hearing for Full Tilt Poker is set for 10:00 a.m. tomorrow, Tuesday, July 26, 2011 in London’s Victoria Park Plaza Hotel. This hearing, which will be open to the public, will determine whether or not the Alderney Gambling Control Commission (AGCC) will reinstate Full Tilt Poker’s operating licenses.

After losing the US market on April 15th to the Black Friday massacre, Full Tilt Poker has now suffered another blow by the AGCC by stripping them of their license to provide online poker services to any players worldwide. So when the US players accounts were seized by the US Department of Justice on April 15th, that was devastating to many faithful Full Tilt players. Now the remainder of their clientele is in a similar situation with their funds now inaccessible as well. When once Full Tilt Poker was the reigning online poker site over much of the world, it is now the plot of a sad story whose fate will be determined tomorrow.

The AGCC shut down Full Tilt Poker completely on June 29th when they accused the online poker site of not complying with licensing regulations. Now Full Tilt Poker also faces class action lawsuits and lawsuits filed by their European investors.

Full Tilt Poker owes US players more than $150 million and now they are even more in debt to their European player base, and rumors are circulating that they can’t even sell the company. AGCC Executive Director Andre Wilsenach confirmed that player funds will be a topic of discussion at the meeting tomorrow. Hopefully some sort of restitution will be determined, but this is unlikely if their license remains revoked.

Written by Bea · Filed Under Poker News 

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