Within the next day or so, the Alderney Gambling Control Commission hopes to make an announcement on their site about the outcome of the Full Tilt Poker hearing.
Full Tilt Poker (FTP) has surprisingly been able to keep quiet about their hearing so far, but since it only started yesterday, that could change soon. The Alderney Gambling Control Commission (AGCC) has kept quiet so far too. The hearing should come to a conclusion soon, and much of gambling industry is on the edge of their seats, waiting for any tidbit of information on the fate of Full Tilt Poker.
Yesterday at 9 a.m., the hearing between Full Tilt Poker and the Alderney Gambling Control Commission commenced in London. Full Tilt Poker’s license was suspended by the Alderney Gambling Control Commission back in June, and the hearing going on now is to address FTP’s licensing.
At the end of June, Full Tilt Poker’s license was suspended. A hearing in July was adjourned when Full Tilt Poker requested time to find an investor/buyer. So far to date, Full Tilt Poker has come close to almost getting some investment, but has had no luck in the investment department. There were rumours about a European group of investors that were interested in investing, but one look at the books had them running for the other way, which isn’t too surprising.
A new investor/buyer would have to take on Full Tilt Poker’s debt, which rings in at $150 million alone to players that had their accounts frozen.