Betting Shop Online: Full Tilt Poker implosion continues

After the refusal by the Alderney Gambling Control Commission (AGCC) to give Full Tilt Poker a gaming license, new details have emerged about the extent to which the poker site lied to their regulator and let their players down.

The fact that the chief of the AGCC didn’t know that something wrong was going on at Full Tilt Poker until Black Friday’s events back in April, demonstrates just how successful the site’s directors  were in covering their tracks, and betting shop online services believe that  they did a pretty good job at that.

Andre Wilsenach, the chief executive of the AGCC, told gambling officials and lawyers that “What wasn’t known to us is that the Department of Justice had frozen funds associated with the operation of Full Tilt,” he added that “The funds we thought were cash was not cash and were not available to players or to the company.”What he said reveals just how hard it was, even for a regulator, to know what takes place in the companies that they have given gaming licenses to.

Betting shop online services can see that the root of the matter for the AGCC was that they simply reported the existence of funds that were not there. This is what led to them to having their license revoked by the AGC.In the online gaming community, Full Tilt Poker turned into a curse word, with seasoned professional players that were caught up in the scandal either losing very large sums of money or as owners who took a lot of money from the site, and betting software services can see that the problem continues.

The case that looms largest against them is the one brought by attorneys that acted on behalf of the US Justice Department who are eagerly waiting for the opportunity to get the site’s directors into the court room.

Betting software services will following developments very closely, and will see what will ultimately happen with this company.

bookmakersinc.co.uk