20
Mon, Aug
0 New Articles

Alderney Handled Full Tilt Poker Case “Appropriately” Says Review

Typography

After it revoked Full Tilt Poker’s operating license in September last year, the Alderney Gambling Control Commission commissioned an independent review of the way it handled the case in a bid to see whether it could have improved things and to hush any critics. The results of the review, undertaken by Peter Dean, who once served as the chairman of the British Gambling Commission, show that Alderney handled the case ‘appropriately’ and that due process was followed.

“Alderney’s regulatory system for gambling is comparable to those prevailing in other well regarded jurisdictions, and AGCC is respected round the world as a regulator demanding high standards of probity from its licensees,” it was written in the report.

“Deplorable as the episode covered in this review has been, it is nevertheless an example of regulation working as it should. As soon as plausible evidence of irregularities came to light the regulator acted promptly and proportionately. An investigation was instituted, findings made, a hearing held, judgment delivered and sanctions imposed. Due process was followed.”

After the DOJ shut down Full Tilt Poker’s operations in the US in April 2011, the poker room could not pay its players who had funds tied up in their accounts. Despite promises and reports of solutions ‘just around the corner’, one year on players are still waiting for their money.

Alderney said that it was continuing to work with other authorities in the hope that its efforts would finally see former Full Tilt Poker players being paid out once and for all.