Full Tilt Poker Public Hearing on July 26th
On July 26th at 09:00 GMT, the Alderney Gambling Control Commission will be holding a public hearing to address the issues surrounding Full Tilt Poker. Evidence will be made public, and the future of the company will be discussed.
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The Alderney Gambling Control Commission (AGCC) suspended the licences held by Full Tilt Poker on June 29th. Since then, the company has been unable to operate in any capacity.
Full Tilt entered a three week period of exclusive negotiations with a prospective investor on June 30th. During that time, Full Tilt was not allowed to negotiate with any other parties. That agreement expired on July 21st.
On July 26th at 09:00 GMT, the AGCC will be holding a public meeting regarding the future of Full Tilt. It will take place at the Park Plaza Victoria Hotel in London.
According to the AGCC press release:
"The purpose of the hearing will be to make public evidence from both AGCC and Full Tilt regarding the suspension of Full Tilt's licence and to adjudicate the findings transparently.
The Executive Director of AGCC, André Wilsenach, said: 'AGCC's choice to hold a public hearing in to the future of Full Tilt Poker demonstrates our willingness to act transparently and we will welcome members of the public and the media. As ever at all times, our primary concern is the protection of the player.'"
It is anticipated that the hearing will provide updates on both the current status of Full Tilt's licence, as well as the state of their deal with prospective investors.
Live updates?
PokerStrategy.com will have a reporter on-site, but we will be unable to provide a live ticker because electronic equipment will not be allowed inside. We will, however, keep you up to date as soon as more information is available and have a summary of this important event right after the hearing is over.
