AGCC to hold Full Tilt review

AGCC to hold Full Tilt review

Wednesday, 12 October 2011

The Alderney Gambling Control Commission will hold a review into its handling of the Full Tilt Poker affair according to a report from the BBC.

The AGCC revoked Full Tilt Poker's operating licences last month after finding that “FTP had fundamentally misled AGCC about their operational integrity by continuously reporting as liquid funds balances that had been covertly seized or restrained by US authorities, or that were otherwise not actually available to the operator.” AGCC also reported “Serious breaches of AGCC regulations include false reporting, unauthorised provision of credit, and failure to report material events.”

The AGCC has said that it will now conduct a review into the events that led up to the Full Tilt scandal. Andre Wilsenach, the executive director for the Channel Island regulator, said, “"I think it's important we learn from experiences. We will certainly review our processes in the light of this particular experience and we might introduce changes if we find that there's things that we could do better from our side."

Stable doors and bolting horses springs to mind.

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Tags: Alderney Gambling Control Commission, Full Tilt Poker, AGCC