AGCC Sets New Date

The Alderney Gambling Control Commission (AGCC) announced that Full Tilt’s regulatory hearing will now resume on September 19.
878 5th September, 2011 The Full Tilt Saga
AGCC Sets New Date

Full Tilt’s regulatory hearing before the Alderney Gambling Control Commission (AGCC) will now resume on September 19, four days later than originally scheduled. The hearing, to be held at 9am at the Riverbank Park Plaza Hotel in London, will address the AGCC’s decision to suspend Full Tilt’s operating licenses.

The initial hearing was postponed to give Full Tilt more time to finalise a sale, though the company has yet to reveal a deal. While the names of potential investors remains unknown, Full Tilt said in its statement last week that “at least six groups, including hedge funds, operators of other internet businesses and individual investors, have visited Dublin to inspect the operation.”

French regulator Autorité de Régulation des Jeux En Ligne (ARJEL) has confirmed its suspension of Rekop Ltd until further notice. Full Tilt’s French license was revoked on July 4 after the AGCC’s decision to revoke Full Tilt’s operating licenses shutout all players. While the freeze out was the regulator’s primary concern, ARJEL also said that Full Tilt was unable to prove that French players’ funds were secure and that the company needed to refinance to win back its license.

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