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If Full Tilt Poker hoses U.S. players, any reputable gaming authority, like the Alderney Gambling Control Commission (AGCC), or any disreputable one, like the KGC, would not reinstate Tilt’s license. It would completely submarine the reputation of the Commission. There would be too much pressure from the other companies licensed by the Commission against such actions, as it would call into question the legitimacy of their licenses.
That’s the take from WickedChopsPoker.com and it is one we at Gambling911.com wholeheartedly agree with.
The AGCC claimed that they revoked FTP’s license primarily because they had not paid their US customers since an April 15 indictment was handed down against the company’s founder by the United States Justice Department. Charges include money laundering and bank fraud.
eGaming Review last week reported that a group of European investors were looking to acquire only the United Kingdom and Irish assets of Full Tilt Poker. That leaves more than 99 percent of the rest of the world’s FTP customers still being screwed.
There is another reason eGaming Review’s report from last week might not hold water. The Department of Justice stands in the way of any deal taking place.
Problem number two is the DoJ will still need to bless whatever deal Tilt does. If Tilt management is stubborn/arrogant enough to believe they can just dump the good assets and stiff U.S. players and the DoJ out of cash (which, actually and sadly, they might be) then the net of indictments would absolutely widen. Or better put, the Professor and Jesus better look good in orange.
- Chris Costigan, Gambling911.com Publisher
