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AGCC LAUNCHES REVIEW INTO OWN ACTION IN FTP DEBACLE
December 7, 2011 : Regulatory authority embarks on credibility exercise
The Alderney Gambling Control Commission (AGCC) has launched an independent, external review into its own conduct and actions in the Full Tilt Poker debacle, presumably to restore industry confidence following harsh criticism over the way the authority handled the case.
The review will cover the regulatory body's actions and processes leading up to the suspension, and eventual revocation, of licences belonging to Vantage Limited, Filco Limited, and Oxalic Limited together trading as Full Tilt Poker (FTP) to provide "full transparency," said an AGCC statement.
AGCC has appointed Peter Dean CBE, the former Chairman of the British Gambling Commission, to conduct the review.
André Wilsenach, Executive Director, said:
"As soon as we became aware that there were possible irregularities in relation to FTP’s operational integrity AGCC acted to discharge fully our statutory obligations.
"We believe we acted appropriately and fairly at all times but, following our own internal assessment and the inevitable questions that have been raised by third parties, the Commission decided that it is in the best interests of players, licence holders and AGCC itself to commission an independent review and to make the outcome public.
"I am delighted that Peter Dean has agreed to conduct the review. He has many years of experience at the top of the British Gambling Commission and commands wide respect from operators and regulators alike. He has been asked to review fully the actions taken by AGCC in respect of FTP and to focus specifically on the appropriateness, timeliness and fairness of those actions."
A final report and recommendations will be presented by Peter Dean to the Commission by end March 2012.
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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