Thursday, June 30, 2011

Full Tilt Poker has been closed down (at least until July 26th)

Full Tilt Poker has been closed down. Alderney Gambling Control Commission (AGCC) has suspended the license of Full Tilt Poker requiring Full Tilt Poker to suspend all operations with immediate effect.

Here is the media release about this matter:

29 JUNE 2011
MEDIA RELEASE

Alderney Gambling Control Commission (AGCC) has today issued Hearing Notices under Regulation 46 of its Regulations to Vantage Ltd, Oxalic Ltd, Filco Ltd and Orinic Ltd, collectively trading as FULL TILT POKER.

In addition, AGCC has issued Suspension Notices under Regulation 47 to the above named companies requiring them to suspend all operations with immediate effect.

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 15 April 2011, during which grounds were found to indicate that these licensees and their business associates were operating contrary to Alderney legislation. The nature of the findings necessitated the taking of immediate action in the public interest.

Andre Wilsenach, the Executive Director of the Alderney Gambling Control Commission says: ‘The decision to suspend the eGambling licence was in the public interest and, because of the seriousness and urgency of the matter, it required that immediate action be taken ahead of the regulatory hearing.’
Any further announcements on this matter can be found on the website of AGCC at www.gamblingcontrol.org


Later on the same day AGCC added separate announcement:

In the matters of:-
VANTAGE LIMITED
OXALIC LIMITED
FILCO LIMITED
And
ORINIC LIMITED

Alderney Gambling Control Commission (AGCC) has today issued Hearing Notices under Regulation 46 of the Alderney eGambling Regulations, 2009 to the above named companies who collectively trade as FULL TILT POKER.

In addition, AGCC has issued Suspension Notices under Regulation 47 of the Alderney eGambling Regulations, 2009 to the above named companies requiring them to immediately suspend operations.
The above named companies must, until the Suspension Notices are cancelled or the Commissioners of AGCC have reached a determination at the conclusion of the hearing convened in accordance with Regulation 46 of the Alderney eGambling Regulations, 2009 cease to exercise their eGambling licenses, which means that these licensees must from today cease to:-
- Register new customers;
- Accept deposits from existing customers;
- Allow existing customers to withdraw funds that are held in their accounts; and
- Permit customers to participate in any form of poker game play or gambling transaction.

The Alderney Gambling Control Commission will hear the matters contained in the Hearing Notices at a Regulatory Hearing which will commence at 10.00am on Tuesday 26th July, 2011 at the Victoria Park Plaza Hotel, 239 Vauxhall Bridge Road, London SW1V 1EQ. In the event that there is a change to these details this notice will be amended.

André Wilsenach (Executive Director)
Alderney Gambling Control Commission
Alderney, Channel Islands
29th June, 2011

So far Full Tilt Poker has not commented anything. On their page it only says:  
"System Update. We apologise but the system is currently down. Please check back later." 


July 2nd, more about the story:

There are rumors going on that L'ARJEL (French independent administrative authority (AAI), which is created by law on the introduction of competition and sector regulation of gambling and online gambling No. 2010-476 of 12 May 2010) is pushing Full Tilt Poker to open up French players account immediately. Otherwise, if Full Tilt Poker is not able to do that, they will face the consequences from it.

Here is the media release from L'ARJEL about this matter (translated by www.translate.google.com):

Following the decision of the regulator of Alderney (Alderney Gambling Commission) to suspend temporarily the approval of four group companies Full Tilt Poker, the game platform from which operated the site was cut Fulltiltpoker.com . As a side effect, this cut has made the site unavailable Fulltiltpoker.fr, interrupting the access of players on this site on their own player (the Act of May 12, 2010 authorizes the location of such facilities outside of France).
 
The Regulatory Authority of online gaming has Rekop Limited continues to restore service on this site without delay to enable its customers to access their player account.
 
In addition, the Authority has given notice Rekop Limited to generate new certificates of the bank managing its French business.

These steps are in addition to all those already undertaken since April 15, 2011, when the U.S. court has initiated proceedings against Full Tilt Poker.

Over the period from April 15 to June 29, 2011, when the cut platform game Full Tilt Poker installed in Alderney, the site Fulltiltpoker.fr operated normally.

The College of the Authority meets next Monday, July 4 to study the responses Rekop Limited.


July 6th, more about the story:

Other poker sites benefit from Full Tilt Poker's shutdown.
After the shutdown of Full Tilt Poker one week ago, other poker sites have increased their traffic. Here is the list of major winners, traffic-wise, benefiting from Full Tilt Poker's shutdown.


SITE/ NETWORK                               TRAFFIC CHANGE AFTER FTP SHUTDOWN
Cake Poker Network                                         41%
PKR                                                                             32% 
PartyPoker                                                               23%
International Poker Network (IPN)        20%
888poker                                                                   16%
PokerStars                                                                15%
iPoker Network                                                     13%
Microgaming Network                                      7%
Entraction Network                                           7%
Bodog                                                                           3%

Source: igamingfrance