Full Tilt Poker Hearings end in Disgrace

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The Full Tilt Poker hearings regarding their Alderney Gambling Control Commission (AGCC) license was held earlier today and lawyers for Full Tilt immediately asked the commissioners to make the public hearings closed to the public. The lawyers cited  “confidential information that would impede further negotiations with the Unnamed European investor group”.  After a three-hour deliberation the commissioners agreed to closed door meetings but would have a camera recording “in the interest of justice and fairness”.

Poker players from around the world were hoping to get part of the Full Tilt problems resolved today but sadly today’s events ended in more disgrace for Full Tilt Poker and the AGCC. With so much money on the line the proceedings should have continued in an open setting for the sake of transparency. While there will be a camera rolling behind closed doors it does not mean the public will ever see the video.

Most of the poker media on hand were left shaking their heads and laughing in disbelief.

Correction: The meetings behind closed doors have continued but no new information has come out.

: Nothing really happened today. Full Tilt Poker and AGCC will reconvene no later than September 15, 2011 in which time Full Tilt Poker is expected to find a buyer or go out of business entirely.

Full Tilt Poker Revival seen as Unlikely

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The latest rumors about embattled Full Tilt Poker and their fall from grace had unknown European investors set to buy up the beleaguered franchise.  Now ERG Magazine is reporting that those investors are only interested in certain UK and Ireland based parts of the company.  The word is that they want nothing to do with anything facing the United States.

Many industry watchers think that such a deal has very little chance of being completed in time for the Alderney Gambling Control Commission (AGCC) hearing slated to take place in London on Thursday  July 28, 2011.  Most believe that Full Tilt Poker will not be allowed to restart operations with their AGCC License without some sort of financial deal in place by that time.

Whether or not a deal for just some of the assets does take place, will non-US players return to the brand if they do not see US player balances being paid?