Full Tilt Poker's License Review With Alderney Gambling Control Commission Closed To The PublicAGCC Executive Director Disappointed That Hearing Will Be Private |
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According to eGaming Review, the Alderney Gambling Control Commission (AGCC) has announced that their upcoming Monday hearing concerning Full Tilt Poker’s suspended license will be closed to the public.
“I am pleased that the Full Tilt Poker hearing will continue as scheduled, as was argued on my behalf,” said AGCC executive director Andre Wilsenach. “However, I am disappointed with the tribunal’s decision that, notwithstanding my arguments to the contrary, the hearing will be held in private. I believe the public has a right to know the reasoning behind the decisions to suspend Full Tilt Poker’s licenses and call a hearing, and to hear the evidence that will be put forward on my behalf.”
The hearing was originally scheduled for July, but was postponed until September to allow the site to seek out potential investors. Full Tilt issued a statement to PokerStrategy.com on Wednesday, stating that they have retained the services of Sea Port Group Securities, as financial advisers.
The site plans to reduce their costs by approximately €12 million by streamlining operations and laying off as many as 250 employees. Full Tilt is currently facing two class-action lawsuits for failing to honor player’s cash out requests. Their legal team of Jeff Ifrah and David Deitch recently filed a motion to withdraw from the lawsuit, citing “unreasonable financial burden.”
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