Full Tilt Poker Hearing ConcludesPublished on September 21st, 2011 9:58 pm EST
The two day Full Tilt Poker hearing in London has reportedly come to an end. The company is now awaiting a decision from the AGCC (Alderney Gambling Control Commission).
The hearing was held "in camera", which means that the general public was unable to attend. This means that we have absolutely no idea as to what was said/proposed at the hearing.
During the second day of the Full Tilt Poker hearing, the Department of Justice dropped a bomb, claiming that Full Tilt Poker was nothing more than a massive "Ponzi scheme". You can read more about that here.
Given the events of earlier today, will the AGCC grant Full Tilt Poker another extension to try and close a deal, or will they just pull the plug on Full Tilt's licenses? Before the DoJ dropped their bomb earlier today, I thought that another extension was quite likely - after today's events, who knows? I can't see any way that a company or individual investor would be interested in investing in the wreckage that is Full Tilt Poker at this point...
A source (who wants to stay anonymous) who is close to the situation said this:
"No more hearing tomorrow. Just waiting on decision now. Not sure what else to say."
Filed Under: Online Poker Rooms
| UIGEA| Poker Legal Issues