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AGCC to Undergo Formal Review

The Alderney Gambling Control Commission (AGCC) has announced plans “to establish an independent, external, review of its actions and processes leading up to the suspension, and eventual revocation” of Full Tilt’s operating licenses.

The AGCC suspended Full Tilt’s operating licences on June 29. Two months later, the regulatory body revoked licenses belonging to Filco, Vantage and Oxalic after Full Tilt “had fundamentally misled the AGCC about their operational integrity.” The license for Ornic Limited, described as “a recently added geographic sub-division of the FTP poker room,” remains suspended.

“We believe we acted appropriately and fairly at all times but, following our own internal assessment and the inevitable questions that have been raised by third parties, the Commission decided that it is in the best interests of players, license holders and AGCC itself to commission an independent review and to make the outcome public,” stated AGCC executive director André Wilsenach.

The formal review of the AGCC’s regulatory and reporting processes will be led by former UK Gambling Commission chairman Peter Dean, who will present a final report, along with his recommendations, by March 2012. Dean was chairman of the UK Gambling Commission from 1998 to 2007, as well as deputy chairman of the UK Monopolies and Mergers Commission from 1990 to 1997.

“I am delighted that Peter Dean has agreed to conduct the review,” said Wilsenach. “He has many years of experience at the top of the British Gambling Commission and commands wide respect from operators and regulators alike.”

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