As most of you probably have noticed by now, since it's all over the internet, Full Tilt poker has been shut down in Europe as well. There's a lawsuit pending from April the 15th and it seems in light of those events that Alderney Gambling Control Commission (AGCC) has decided "for the sake of public interest" to suspend the license and force FTP to seize its operations.
“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 result is that FTP cannot do the following:
1: Register new customers
2: Accept deposits from existing customers
3: Allow existing customers to withdraw funds that are held in their accounts
4: Permit customers to participate in any form of poker game play or gambling transaction.
FTP has not gone out with any official statement, nor is anything obvious on their site apart from a message saying "Maintenance In Progress
We apologise but the system is currently down. Please check back later."
Plenty of rumors are going around, including that FTP are considering moving back to being licensed by the Kahnawake Gaming Commission, or that Jack Binion is considering buying out Ray Bitar's shares of FTP (Ray is one of the people who was indicted on the infamous "Black Friday"). Nothing seems to be official yet though and it's still up in the air.
We at BPT doubt this is the end of FTP, but we'll all have to wait and see.
Sources: www.onlinepoker.net www.subjectpoker.com scottmatsuow.com
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