Earlier today the following statement was issued by the Alderney Gambling Control Commission:
"Alderney Gambling Control Commission (AGCC) has today issued Hearing Notices under Regulation 46 of its Regulations to Vantage Ltd. Oxalic Ltd, Filco Ltd and Orinic Ltd, collectively trading as FULL TILT POKER.
In addtion, AGCC has issued Suspension Notices under Regulation 47 to the above named companies requiring them to suspend all operations with immediate effect.
The decision to suspend these licenses follows a special investigation prompted by the indictments unsealed by US Attorney General's Office in the Southern District of New York on 15th April 2011, during which grounds were found to indicate that these licensees and their business associates were operating contrary to Alderney legislation. The nature of the findings necessitated the taking of immediate action in the public interest.
The venue and date for the hearing will be announced in due course.
Issued by: André Wilsenach (Executive Director), Alderney Gambling Control Commission, Alderney, Channel Islands.
Date issued: 29th June 2011"
Currently all tournaments on FULL TILT POKER is paused and no one can login to the software. In addition their website is stating "Scheduled Maintenance in Progress, The system is currently down for maintenance, please check back soon!"
More info when the story develops.
UPDATE 13:24 GMT
AGCC just released an additional statement that includes in addition to the above the following:
The above named companies must, until the Suspension Notices are cancelled or the Commissioners of AGCC have reached a determination at the conclusion of the hearing convened in accordance with Regulation 46 of the Alderney eGambling Regulations, 2009, cease to exercise their eGambling licenses, which means that these licensees must from today cease to:
- Register new customers
- Accept deposits from existing customers
- Allow existing customers to withdraw funds that are held in their accounts; and
- Permit customers to participate in any form of poker game play or gambling transaction
The Alderney Gambling Control Commission will hear the matters contained in the Hearing Notices at a Regulatory Hearing which will commence at 10.00am on Tuesday 26th July 2011, at the Victoria Park Plaza Hotel, 239 Vauxhall Bridge Road, London SW1V 1EQ. In the even that there is a change to these details, this notice will be amended.
So far still not official statement from Fulltilt except the notice on their website. We will keep you updated as the story develops.
UPDATE 18.27 GMT
PokerStars has released the following statement:
"In light of today's news that Alderney Gambling Control Commission has suspended FULL TILT POKER's license, PokerStars wishes to assure our customers that their funds are completely safe and that our operations are completely unaffected. The Isle of Man Gaming Commission today re-affirmed that PokerStars' worldwide licensing is intact and that our operations are in full compliance with all of its requirements. PokerStars' online operations continue as normal and all funds in players' accounts are safe and available for withdrawal as usual with no delays.
PokerStars also remains in full compliance with our licenses in other jurisdictions where we are regulated, including France, Italy and Estonia.
As provided under our licensing, PokerStars has always maintained the integrity and security of our players' funds, by keeping all such funds in segregated bank accounts, always available for immediate withdrawal.
Since the actions of US Department of Justice (DOJ) in April, we have returned more than $120 million to US players and continue to act upon requests as they are received. Players outside the US have not been affected and all cash-outs have been processed without delays. Further, PokerStars entered into an agreement with the Department of Justice which expressly confirmed the company's ability to operate outside the US.
We will continue to operate as a responsible corporate citizen and are committed to serving the needs of our customers in complete compliance with our regulatory requirements."
BRM will of course monitor the situation and update you all. So far there has been no official statement from FULL TILT POKER.