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Full Tilt Goes In Front Of AGCC

The management group behind Full Tilt Poker had its hearing in front of the Alderney Gambling Control Commission on Tuesday, albeit a half and hour later than expected.

The hearing took place in London and almost immediately lawyers for Full Tilt asked the AGCC to conduct the hearing in private. Martin Heslop, a legal representative for Full Tilt told the court, “It is not in the interest of justice that this should be aired in public. There is a real risk that it may be detrimental to these interests and highly prejudicial to this decision.”

Full Tilt requested the hearing be held in private based on the belief that: there were US legal implications that could be affected by having information publicly disclosed, a potential merger with new investors could be hampered as confidential information may be potentially disclosed, and that it was in the best interest of justice to hold the hearing privately.

The committee adjourned for more than an hour and returned with the decision not to adjourn the case and hold the rest of the hearing in camera. After this, professional poker player Harry Demetriou created a disturbance, shouting about how Full Tilt Poker is corrupt and yelling, What about the players?". He then stormed out of the proceedings to applause.

The committee then adjourned the case and was to hear legal arguments later on Tuesday.

Another point of contention is that Full Tilt has not paid £250,000 in licensing fees to the AGCC. Mr. Heslop said that Full Tilt had not paid the fee because they expected the suspension of their license to extend until the expiration date. This brought debate between Full Tilt's representatives and the AGCC, with Full Tilt saying they would not pay unless they had a license, and the AGCC saying they would not reissue a license without the fee being paid.

At the end of the day, the AGCC did indeed decide to adjourn the hearing at a time and place to be announced, but no later than September 15th. The adjournment was made to allow Full Tilt to continue in negotiations with investors, which will hopefully give a favorable outcome to players.

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