The news came in an AGCC press release, which noted that Full Tilt Poker may attend a hearing on July 26th in London to deal with the issues laid out in the Hearing Notice and Suspension Notice issued to the company.
“The decision to suspend these licenses follows a special investigation prompted by the indictments unsealed by US Attorney General’s Office in the Southern District of New York on 15th April 2011, during which grounds were found to indicate that these licensees and their business associates were operating contrary to Alderney legislation,” the AGCC said in a statement. “The nature of the findings necessitated the taking of immediate action in the public interest.”
At the moment, the Full Tilt Poker site is down, and players are unable to connect to play or deposit and withdrawal funds.
Thus far, Full Tilt Poker has not announced any reaction to the news. According to the Twitter account associated with QuadJacks Radio (@QuadJacksDotCom), a source inside Full Tilt Poker says that the site may reopen within a few hours without a license. This would reportedly make it difficult, if not impossible, to find payment processors willing to work with them. At the time of this writing, there is no confirmation of when or if Full Tilt Poker will resume operations.
In other Full Tilt Poker news, the online payment processor Moneybookers has cut ties with the site. In an email to members, Moneybookers cited the “extraordinary circumstances” Full Tilt finds themselves in as the reason behind their decision to stop allowing Full Tilt Poker transactions.
