News Bite: AGCC Makes Correction

The AGCC has corrected a prior statement pertaining to funds seized by the Department of Justice.
1256 20th October, 2011 The Full Tilt Saga
News Bite: AGCC Makes Correction

The Alderney Gambling Control Commission (AGCC) has corrected a prior statement about Full Tilt pertaining to funds seized by the Department of Justice.

The AGCC, who revoked three of Full Tilt’s four operating licenses on September 29, stressed that the discrepancy between the two numbers does not change the regulatory body’s decision.

The statement reads:

"AGCC wishes to correct and clarify an erroneous statement contained in the Commission tribunal’s published determination notice of the hearing into Full Tilt, which includes the statement:‐ 'the individual seizures made by the Department of Justice during the period 28th June 2007 to 20th June 2011, which amount to a cumulative total of approximately $331 million US Dollars.' The underlying evidence in the hearing clearly demonstrated that $331 million was the total of funds unavailable to Full Tilt, of which DOJ seizures formed only a part. The mis‐statement is thus not of significance in the Commission’s assessment of the matter."

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