The Alderney Gambling Control Commission (AGCC) has just suspended the gaming license for Full Tilt Poker. As of right now all gaming and cashier activity on Full Tilt Poker has come to a halt. There is currently a hearing scheduled for July 29th in London where Full Tilt Poker will be able to hopefully get the gaming license back at that time.
What this means for players is still up in the air. Full Tilt Poker still has not paid out USA player balances and they were rumored to be shopping around for a huge influx of cash. On the surface it now seems that the very investment they were hoping to get might no longer come. If they are not able to operate a non-USA poker site all hope for USA player balances may be gone. Now it is beginning to look like everyone else might now be in the same boat as USA players.
The AGCC is quoted as saying:
“The decision to suspend these licenses follows a special investigation prompted by the indictments unsealed by U.S. Attorney General’s Office in the Southern District of New York on 15 April 2011, during which grounds were found to indicate that these licensees and their business associates were operating contrary to Alderney legislation,” reads a press release from the AGCC. “The nature of the findings necessitated the taking of immediate action in the public interest.”