Full Tilt Poker still need to agree and sign the deal to start the process of the sale of the company, while there may still be further negotiations, representatives from both parties seem optimistic about the recent developments. Hopefully we’ll see Full Tilt Poker open it’s doors to players and restore their negative reputation and regain players trust.
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.”
