The Alderney Gambling Control Commission announced that it has rescheduled a hearing for Full Tilt Poker, with the new date being September 19th. Besides being four days later than the previously decided-upon date, the new hearing will be held at a different agenda – the Riverbank Park Plaza Hotel on the Albert Embankment in London. The reason for the change of venue, said the AGCC, is because it would be able to accommodate more interested parties – leading to higher expectations that the hearing will be open to the public, as the previous one was supposed to be, and not behind closed doors as demanded by Full Tilt’s legal team in the last hearing.
A hearing scheduled for July 26th was meant to enable representatives of Full Tilt Poker to explain to the AGCC why it could not pay back its players since an FBI indictment against 11 executives in the online poker industry. The Commission wants Full Tilt to prove that it can protect its player’s funds and pay them out under any circumstances – something that the poker room has been unable to do.
Full Tilt was hoping that by the time the rescheduled hearing’s date came up, it would have good news regarding an acquisition deal, which would have allowed it to start paying back its players. Unfortunately, nothing concrete has happened between July and now, and analysts believe that the Alderney Gambling Control Commission will not be so quick to re-license the online poker room.
Full Tilt will have to come to the new hearing with better news and a full explanation of how it plans to pay back the millions owed to its players. If not, the chances of the group receiving an operating license by the AGCC are slim.