Full Tilt Poker Requests Hearing to Reinstate License be Delayed: Held Privately

French Gambling authority, ARJEL,is in the process of auditing Full Tilt Poker and expects the Alderney Gambling Control Commission to follow suit, potentially delaying a highly anticipated hearing to determine the overall fate of FTP.

The AGCC hearing was taking place at 10 am London Time today. A number of media outlets were set to provide live updates.

Dreyfus has intimate knowledge of ARJEL, having worked closely with the French gaming authority.

Dreyfus told Quadjacks.com that the license was suspended by the French authority shortly after AGCC pulled the plug for failure to maintain sufficient funds to cover player liabilities (segregating funds). He noted that an audit would be required to satisfy the French authority in order for Full Tilt Poker’s license to be reinstated.

Quadjacks.com was also reporting that Full Tilt Poker had requested a rescheduling of Tuesday’s hearing in order to finalize their negotiations with a group of mysterious European investors.

PokerNews.com was reporting that Full Tilt Poker agreed to pay back £250000 owed to the AGCC in fees within seven business days.

They also noted that FTP attorneys requested the delay of hearing and requested said hearing to be held in private due to "confidential information that would impede further negotiations with the investor group".

“Surprise, surprise,” noted Payton O’Brien, Senior Editor of the Gambling911.com website. “It is sad to say that our expectations of what was going to occur at today’s ‘hearing’ have pretty much been met and we would expect nothing less from Full Tilt Poker, a company that has basically disgraced the online poker industry.”

Dreyfus also confirmed to Quadjacks.com at 6:25 am EST that Full Tilt Poker was asking for the delay and private hearing. The licensing fees would only be paid, however, if the hearing is made private, Dreyfus claimed.

Full Tilt Poker owes millions of dollars to players around the world following an April 15 indictment by the US Justice Department and subsequent yanking of the company’s license by Alderney authorities on June 29. Full Tilt Poker co-founders were charged in the US with money laundering and bank fraud.

thanks zab... looks like fulltilt is still full of crap!!!!!!

Thanks Zab. With all of these fees and such, I am really thinking I will never be seeing my money.

all i want is my real money back

I guess FullTilt is done, too long out of business...

ya im american anyway...but ftp has been dead to me for a while

I miss full tilt. Period, end of story. A million times higher traffic, better graphics and bonuses. Too bad it was a money laundering bank frauding scam

i have to agree with gottimhimmel about ftp....alot more trafficr ....alot better bonueses......but the graphics not so much....i put anything ftp graphics wise to a shame.....check out my graphics and than u will see who has the best graphics :)......

my graphics album

Pictures by customtablemaker - Photobucket

those who are paitence, often reap rewards..

Ftp is a freaking joke now. Even though enjoyed playin poker there , but all else fails at least refund are dam money.lol get yur chit 2 gether ftp. Thanks zab for the info

i want my money back... before i forget my password................ sike i'll never forget my password....... you got my money..............alot of it tooo.......

just give me my $300 dollars !!!!!!!

they want you to forget about it....i want mine back with interest.....100%

We will get fulltilt back
u ppl have no faith

Anyone ever watch the big pots being played on youtube. Look it up Antonius vs some other dude, they play a 1.2 million or so pot!!

I guess fulltilt is out of business forever

Full tilts prospects are getting worse and worse. On a podcast in quadjacks last week, Tony G said the reason alderney took away license was that when they looked at the books after black friday they realised not only could full tilt not afford to pay back americans but they also didnt have enough money to cover the european deposits. While this could be hear'say it is a known fact that they dont have the money to pay out americans. And all these weeks turning into months of not being online they are bleeding money. They literaly have no source of income atm.

The problem is the longer it goes the less appealling it is for new investors. Right now any investor will have to first buy the company, then inject money to pay back americans, They will more than likely face a massive rush from people all over the world to withdraw so will take a long time for them to even break even let alone start making money. While i have no doubt that they will start making money there is also the possibilty of noone investing and full tilt inevitably going bankrupt. At this point their assets are sold off and the investors can buy the software and patents and reopen a site identical to full tilt under a new name with none of the liabilites that full tilt has. This is unlikely also but possible.

The fact remains that full tilts software was rated my many as the best on the market. So whether or not its full tilt itself, the software will definately make a return to online poker in some shape or form

Yeah I have to say I hope a new site opens with the same software that full tilt had. No doubt it will. Full tilt ran a fraud and scam and it caught up with them, but dammit if it wasn't a joy to play on.

I will never play there everrrrrr.......... And i mean ever again.....what they did is was not right by business standards or moral standards for that matter. What a joke! P.s i'm sure glad i had the bulk of my bankroll on stars.....wwheeeeeeeww!!!!!!!!!! Feel bad for all you guys that had huge chunks on ft. What a disgrace.

all of us USA player got screwd by our Government. I probaly will not play fulltilt ever again myself.

Sure full tilt ran the company wrong and overpaid alot of employess but it is mainly because they are all really smart mathematicans(cant spell lol) who all realised that only a small % of deposits are going to be withdrawn at a certain time. Same way as banks only hold a certain % of deposits and invest the rest. If everyone goes into say bank of america tomorrow and tries to withdraw their balance the company wouldnt have that kinda money on hand and panic would ensue.

Who's to know full tilt might have money tied up in some kind of long term investments or more likely the management have pocketed most of it, but i dont think it was ever their intention to take everyones money and run as the site itself is basically the same as having a machine that prints money.

gimmie gimmie gimmie as quoted in " what about Bob" i have been good, im doin the baby steps, full tilt i miss your crazy bad beats, please come back and the hordes with u, lmao

About 90 percent of former fulltilt players I bet don't want to see the bloody site online again.

i just want my money back from full tilt with interest like they would charge me.....

i put 10 on balck friday literally hours before it happened.. still had to pay my buddy for the transfer LOL

hi zab...

Im lucky I didnt have any money left on FT. Lost it all a couple days before lol.