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Publication of an independent report into Full Tilt Poker and Alderney Gambling Control Commission’s response

Alderney Gambling Control Commission (AGCC) has today published the full report and recommendations following an independent review of its actions and processes in relation to Vantage Limited, Filco Limited, and Oxalic Limited together trading as Full Til

Thursday 29th March 2012

Alderney Gambling Control Commission (AGCC) has today published the full report and recommendations following an independent review of its actions and processes in relation to Vantage Limited, Filco Limited, and Oxalic Limited together trading as Full Tilt Poker (FTP). The report, commissioned in December 2011, was conducted by Peter Dean CBE – former Chairman of the British Gambling Commission. A full copy can be found at http://www.gamblingcontrol.org/userfiles/file/FTP%20Report%2026%20March%202012.pdf Andr Wilsenach, Executive Director of the AGCC has welcomed the report’s findings and accepted its recommendations in full. Speaking following the report’s publication, Mr Wilsenach said, ‘The AGCC would like to thank Peter Dean for his detailed and thorough report. We believed it was important, given the sensitivities surrounding the revocation of Full Tilt Poker’s licences that an independent review should be carried out into the way in which the AGCC conducted itself throughout this process, and we are grateful that this has now been completed. ‘We wanted to reassure ourselves, and those who take an interest in our activities, that should mistakes have been made then we would recognise them, and if lessons could be learned that we would learn them. ‘We note that today’s report finds that “AGCC fulfilled its statutory obligations in relation to FTP and that its actions were appropriate, timely and fair.” That is the standard to which we aspire. ‘Nonetheless, Mr Dean’s report does make valuable recommendations on how we can make improvements in the light of what has happened. We accept those proposals and will seek to implement them as soon as practically possible. ‘None of this, of course, will compensate those players who have lost money as a result of FTPs actions, and we have great sympathy for them. But, as the report confirms, a regulatory regime cannot be proof against deliberate concealment or deception. Our focus now is to assist other authorities to recover as much of the players’ funds as possible. ‘In addition, the Commission is already in advanced stages of implementing a new approach towards the protection of player funds on a risk-assessed basis.’




Source: OnlineCasinoNews

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