Full Tilt Poker Licensing Hearing TodayPublished July 26, 2011 by OCR Editor
Gambling regulators in Alderney get ready to decide fate of online poker operator.
A group of mystery investors involved in ongoing negotiations with representatives of Full Tilt Poker are interested only in purchasing the struggling online poker giant's UK and Irish holdings and European licenses. Details of the purchase offer come on the eve of today's scheduled hearing over the poker site's license suspended by Alderney.Full Tilt's Fate
The Alderney Gambling Control Commission was set to chair a public hearing in London Tuesday to decide on what will happen to Full Tilt Poker, whose fate has been uncertain since the events of Black Friday in the US in April.
Full Tilt's UK licenses were suspended by Alderney on June 29 following the indictment of the company by US prosecutors on April 15, and the site was required to suspend all operations from the jurisdiction immediately.Purchase of Assets
Just days before the public hearing internet gambling publication eGaming Review revealed a potential purchase of Full Tilt assets had nothing to do with its operations in the United States, but rather were directed at the British and Irish brand.
A source told the publication that the purchase of parts of the Full Tilt brand that was being negotiated would include the family of companies in the UK and Ireland, including Dublin-based marketing company Pocket Kings, and licenses held in Alderney, the most northern of the Channel Islands.