Decision Not Expected Until Next WeekPublished on September 23rd, 2011 1:30 pm EST
It now appears that the AGCC (Alderney Gambling Control Commission) won't be rendering their decision re: Full Tilt Poker until early next week (at the earliest).
From what I've heard (from multiple solid sources), the AGCC was very close to releasing a decision earlier in the week after spending Monday and Tuesday questioning representatives from Full Tilt Poker.
On Wednesday afternoon, one of Full Tilt Poker's attorneys, Jeff Ifrah, made an impassioned plea via the TwoPlusTwo forums. Contact the AGCC, he said, and convince them to delay any ruling "for a minimum of 30 days in order to permit a timely transition to a new ownership structure." Ifrah claimed that a promising group of investors was far along in the DD process and had actually signed a letter of intent, but that a negative ruling from the AGCC could result in the scuttling of a possible deal.
The public cry for help was quite unusual and led many to believe that a negative ruling from the AGCC was imminent.
It appears as though Ifrah's call for help has been successful, as the AGCC has still not come to a decision on Full Tilt Poker's suspended licenses.
According to GamingIntelligence, "Full Tilt executives were called in for further questioning this morning." Also, "the AGCC tribunal was hoping to make a decision today but it may now run until Monday."
The AGCC is almost certainly grilling Full Tilt Poker over the amended DoJ civil complaint, as well as trying to get more specifics re: the French investors and their possible offer.
The Full Tilt Poker/AGCC saga looks like it will continue until at least early next week.
By the end of next week, we should have a much better idea as to whether Full Tilt Poker will live or die.
Filed Under: Online Poker Rooms
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