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AGCC Sets Hearing for Full Tilt Poker Licensing

Written By: PokerNet.com | April 20, 2012 | Posted In Poker News

The Alderney Gambling Control Commission (AGCC) announced a date for a public hearing concerning the license application submitted by Full Tilt Poker subsidiary Orinic Limited on Thursday.

The hearing is said to take place in Braye Beach Hotel in Alderney on Thursday, May 3 at 14:00 local time.

Orinic Limited applied for a Category 2 online gambling license with the AGCC on March 23, 2012. The FTP subsidiary previously owned a Category 1 license with the AGCC but it was suspended for six months when the AGCC revoked Full Tilt’s license last September. Orinic was able to avoid a license revocation because it hadn’t hosted any games and was not in violation of any AGCC regulations.

The six-month suspension ended on March 23, the date on which Orinic applied for the new license.

The AGCC announcement stated the following:

In the matter of an application by Orinic Limited for a Category 2 eGambling licence, take notice that the Alderney Gambling Control Commission, pursuant to Section 4 of the Alderney eGambling Ordinance, 2009 and Regulation 23 of the Alderney eGambling Regulations, 2009, will hold a public hearing at which oral representations may be made.

eGr Magazine was told directly by a spokesman for the AGCC that, “The hearing is a routine function, required under Alderney regulations, to permit members of the public to make representations about this and any other licence application.

“It precedes the Commissioners’ review of the application and is intended to inform that process. No ruling or determination will result at the hearing, it is a one-way process of information and opinion collection,” he added.

AGCC has released “The Dean Report“, detailing the regulatory review of Full Tilt Poker, in which the appointed Peter Dean, former Chairman of the British Gambling Commission, conducted the review. Dean served with the Gambling Commission from 1998 to 2007 and was also deputy chairman of the U.K.’s Monopolies and Mergers Commission from 1990 to 1997.

Dean concludes that overall “AGCC fulfilled its statutory obligations in relation to [Full Tilt Poker] and that its actions were appropriate, timely and fair.”

Last year AGCC announced it will be launching an independent external review of its processes leading up to the suspension and eventual revocation of licenses owned by Full Tilt Poker. The AGCC says the decision has been taken in order to provide full transparency of the actions taken against FTP, which had its license revoked on Sept. 29, 2011, and still owes as much as $330 million to customers.

AGCC said that Full Tilt Poker continuously reported funds that were not available because of several problems with payment processors. Rather than audit the online poker site itself, the AGCC had trusted the numbers reported by Full Tilt’s accounting department to be accurate.

Source: Poker News

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