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Alderney Reviewing Practices After Full Tilt Debacle

12 October 2011 by CasinoListings

This story was published more than 12 years ago.

The Alderney Gambling Control Commission is reportedly going to be holding a review to see what went wrong with Full Tilt Poker and how the regulatory body can solve issues that arose from the scandal.

Andre Wilsenach, Executive Director of the AGCC told the BBC that the gambling commission will be reviewing its processes and try to make changes if necessary.

"I think it's important we learn from experiences," he said. "We will certainly review our processes in the light of this particular experience and we might introduce changes if we find that there are things that we could do better from our side.", Wilsenach said.

In other AGCC news, the Poker News is reporting that poker professional Antanas "Tony G" Guoga is going to sue the AGCC for failing to do its due diligence in regards to Full Tilt Poker and should be held responsible alongside the troubled poker site.

Speaking about the pending suit, Gouga said: “We believe they (the AGCC) knew about it a long time ago. That security for the players’ money was not there, they hid this fact together with their auditors for years, benefiting in return. We raised it with them and they knew then and there.”

Gouga's suit alleges that there was no designated clause in Full Tilt's Terms and Conditions saying that player funds were separate from company funds, which was against AGCC regulations and allegedly ignored. In March Full Tilt did add a statement to their website saying: "Customer funds are not segregated from company funds, but it is the intention of Filco Ltd to meet its liabilities as they fall due."

"Surely such a breach of the regulations for such a long period prior to the omission being highlighted to the AGCC by Sykes in late 2010 must have initiated a full review of the operator and its financial position by that stage, which then begs the question, how long did they know about the precarious financial position before they finally pulled the plug following the DOJ indictments? We want to prove that they have responsibility, we are coming after them.” Gouga said.