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Full Tilt Poker Shuts Down

Full Tilt Poker, at one time the second-leading online poker site, has closed its operations indefinitely. The Alderney Gambling Control Commission (AGCC), the gaming authority on the Isle of Man that regulated the site, ordered the shutdown after the site’s numerous legal and financial problems. The site had been closed to US-based players since the “Black Friday” indictments of 15 April, but this suspension could signal the end of the popular poker brand.

 

The shutdown began at 12 noon GMT (7AM EDT) when the AGCC suspended Full Tilt’s gaming license. The gaming authority ordered that the site no longer allow either real-money or “play-money” action on the site; that the site no longer accepts new customers; and that the site does not allow customers to make any more deposits or withdrawals.

 

The AGCC decision is the latest in a number of legal and financial problems for the troubled site. The domain name for Full Tilt Poker was seized by US prosecutors on 15 April, but was released a few days later after the site agreed to terms to reimburse US-based players. When the site was unable to pay back the money owed to American players, Phil Ivey, a legendary poker pro and one of the site’s most visible endorsers, filed suit against the company.

 

The site had been operating for European players until today. Several top European pros, including Gus “The Great Dane” Hansen, had thousands of dollars in their poker accounts, from which they are now precluded from accessing. Thousands of players who were in the midst of the site’s cash games and no-limit Texas Holdem tournaments had their play stopped.

 

29-Jun-2011, 11:10


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