Regaining players trust will be one of the hardest feats that the GBT will have to overcome since it’s been several months since the poker site has been offline. The silence and lack of communication with players has created much doubt in the poker community, but the recent news that the site may relaunch soon offers some hope.
The AGCC released a statement which claims that Full Tilt Poker were in “serious breaches of AGCC regulations include false reporting, unauthorised provision of credit, and failure to report material events.” The AGCC also stated that “It is important to note that the revocation of FTP’s licenses does not, as has been suggested, prevent a reactivation of the business under new ownership and management.”
The United States Attorney’s Office for the Southern District of New York have also released a statement on the AGCC’s decision which includes what actions the Department of Justice plan on taking from here which could possibly include Full Tilt Poker players funds being returned by recovering funds from the alleged fraudulent activities. They also stated that the case “will last for many months at the least.”
Everyone was hoping the entire ordeal would be quickly and efficiently dealt with, then Full Tilt Poker could reopen, loose a few players, pay out all their outstanding cashouts including American players and affiliates but this turned out not to be the case.
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