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ALDERNEY'S FULL TILT POKER HEARING RESTARTS SEPTEMBER 19

Monday September 5, 2011 :  London venue will host resumed hearing
 
The Alderney Gambling Control Commission's deliberations on the suspension of Full Tilt Poker's licence in the aftermath of the Black Friday indictments in the USA will resume on September 19 in London, four days over the September 15 deadline originally set.
 
The online gambling regulator announced the new date Monday, and it is hoped that this session, unlike the previous hearing which disappointed the public by being held in camera, will be more transparent.
 
After negotiations in camera the previous hearing on July 26 2011 gave Full Tilt until September 15 to finalise a deal with investors, which the Alderney commissioners said would give FTP players a better chance of recovering their account balances.
 
As far as is known, players remain unpaid since the Black Friday indictments were unsealed earlier this year, plunging Full Tilt further into a financial crisis.
 
The September 19 hearing will be held in the Plaza Suite at the Riverbank Park Plaza Hotel in London, and interested parties who wish to attend the proceedings are invited to email the AGCC on info@agcc.gg, or call on +44 (0)1481 825500.
 
Full Tilt's success in finding investors appears so far to have been limited, although the most recent reports indicate that the company continues to negotiate with as many as six prospective parties.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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