Full Tilt Scandal Ending

Full Tilt poker are currently in a closed hearing with the AGCC to find out whether they can continue operating

The Full Tilt Poker scandal finally seems to be coming to a close. It has been an on going process for months with former players absolutely furious about the way that the once mighty poker site has disposed of their money. Now Full Tilt Poker are sitting before their regulator the Alderney Gambling Control Commission (AGCC) in a desperate attempt to convince them to renew their gaming license so that they can continue to operate.
It is unlikely that their gaming license will be renewed, it was the AGCC who suspended the license that they had already given Full Tilt after an investigation uncovered fraud, money laundering and a host of other white collar crimes. The original licensing hearing to decide whether or not to give the stricken site their license back and allow them to continue operating. It is difficult to see a scenario in which Full Tilt Poker will be able to return to their former position as the second largest online poker site on the Web. All of their players have been unable to play poker on the site for months, nor have they been able to access their money and have been defecting in droves for other poker sites.
The statements made by Tiltware have failed to convince fans that there is any hope for them to get their money back and in fact have led to even more worries in many cases as they utterly failed to address the concerns held by players. As time went on more information about shoddy business practices emerged such as the way in which certain players were lent millions of dollars in order to carry on playing, these were player’s funds and they would like them back.
Class action lawsuits have become all the range on the North American continent as the US department of Justice as well as various private individuals have taken to suing the errant firms controlling Full Tilt for their cash. In Canada alone the suit is for $150 million, it is unlikely that Full Tilt will be able to find the money with which to pay these suits should the courts find against the poker site. Although the hearing is happening behind closed doors it has been three days without any word at all being leaked and the rumour mills have been in overdrive.