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Gambling.co.uk: Gambling News Archive

FullTiltPoker.com forced to suspend operations

Online poker site cannot accept new players or allow existing customers to withdraw funds after having its Alderney licence revoked.

Wednesday 29th June 2011



The fallout associated with April’s ‘Black Friday’ indictments is continuing as online poker site FullTiltPoker.com has today been forced to suspend operations after having its licence suspended by the Alderney Gambling Control Commission. FullTiltPoker.com had its .com domain name seized by Federal authorities in the United States on April 15 along with those for AbsolutePoker.com and PokerStars.com following indictments by the United States Attorney for the Southern District of New York and the Federal Bureau of Investigation (FBI) of eleven individuals associated with the sites on charges of bank fraud, money laundering and illegal gambling offences. However, FullTiltPoker.com soon had its .com domain name returned and resumed operations after agreeing that it would ‘not allow for, facilitate or provide the ability for players located in the United States to engage in playing online poker for real money or any other thing of value’. The agreement with Federal authorities also did not prohibit but ‘expressly allowed’ the domain to provide and facilitate real-money online poker for players located outside of the United States. “The decision to suspend these licenses follows a special investigation prompted by the indictments unsealed by United States Attorney for the Southern District of New York on April 15 during which grounds were found to indicate that these licensees and their business associates were operating contrary to Alderney legislation,” read a statement issued on Wednesday by the Alderney Gambling Control Commission. Under the terms of the suspension, FullTiltPoker.com cannot register new customers or accept deposits from existing players. It is also barred from allowing current customers to withdraw funds or permitting them to participate in any form of poker game or gambling transaction. The Alderney Gambling Control Commission revealed that it will hold a ‘regulatory hearing’ on July 26 at London’s Victoria Park Plaza Hotel to review the matter with players logging on to FullTiltPoker.com today being met with a banner that reads ‘Scheduled maintenance in progress. The system is currently down for maintenance. Please check back soon’. “The decision to suspend the eGambling license was in the public interest and, because of the seriousness and urgency of the matter, it required that immediate action be taken ahead of the regulatory hearing,” said Andre Wilsenach, Executive Director of the Alderney Gambling Control Commission.




Source: OnlineCasinoNews

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