Full Tilt Poker: A Legal Summary

Full Tilt Poker seemed to be flourishing in early 2011, but is now fighting for its very existence.
Here is a timeline and summary of the trials and tribulations of FTP in 2011. online poker

Mid 2010: FTP scraps rakeback through affiliates who have signed up with their standard contract.  They were working on tightening their poker margins by squeezing affiliates.

April 15, 2011: On “Black Friday” the Department of justice and FBI pressed criminal charges and seized domains.  After this date, many Americans had difficulties cashing out their bankrolls.  Not 100% of cases, but there were many issues in getting their hard earned (and perhaps illegal) cash.

After Black Friday: Full Tilt Poker still operated outside of the U.S. after these events and players across the rest of the world chose to continue playing there.

June 2, 2011:  Phil Ivey files a lawsuit against Tiltware LLC claiming Full Tilt had significantly damaged his reputation due to management decisions.  He wanted to sue for $150 million.  Yeah right.. Boo hoo.

June 27, 2011: Jack Binion allegedly begins investment talks with FTP

June 29, 2011: The Alderney Gambling Control Commission (AGCC) suspended the licences of Full Tilt. Their severs have been taken down, meaning that nobody can play there and rendering cash-outs currently impossible.

July 5, 2011: French Licence Suspended – The French authority in charge of online poker suspended Full Tilt’s gaming licence.  FullTiltPoker.fr cannot operate until this matter is resolved.

Early July, 2011: ALL rival poker rooms go crazy offering up to 300% bonuses, no deposit bonuses and Freerolls.  All rooms are trying to get a piece of the poker market that used to be loyal to Full Tilt Poker.  Latest details available from PokerStrategy.com

Maybe it is time for you to change from Full Tilt Poker too.

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10 weeks after Black Friday, on the 30th of June 2011, the Alderney Gambling Control Commission (AGCC) has suspended all licences for Full Tilt Poker. All games are paused, cashouts are not available players are screwed.

PokerStrategy.com is covering the news with regular update from their news team, here:
http://www.pokerstrategy.com/u23JPA/news/world-of-poker/BREAKING-NEWS:-Full-Tilt-Poker’s-Operating-Licence-Suspended_48451/

Full Tilt Poker is the 2nd largest poker room in the world and this halt of play will result in a lot of players shifting to the safer poker rooms once and for all. How much longer will player riask their bankrolls on legally dubious poker rooms?

If YOU don´t already have an account with Party Poker or William Hill, claim your Free starting bankroll of $50 through poker strategy today. $50 FREE POKER MONEY

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Official Statement from the AGCC:

“The decision to suspend these licenses follows a special investigation prompted by the indictments unsealed by US Attorney General’s Office in the Southern District of New York on 15th April 2011, during which grounds were found to indicate that these licensees and their business associates were operating contrary to Alderney legislation.”

 

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