Full Tilt Gaming License Suspended - **ALL PLAY AND CASHIER HALTED** - Page 5 - Internet Poker

So another question here, what happens to being at the final table of a tournament as everything was paused, do we get any of the winnings from that respective tournament at all? I was 2nd chip stack and was hoping to get 1st/2nd out of 5 left, that was pretty much going to be all my money to withdraw...

06-29-2011 , 07:18 AM

#102

Hash1982

grinder

Join Date: Mar 2010 Posts: 515

Here is another statement from alderney's website, ughhhh NOT GOOD!!

http://www.gamblingcontrol.org/userf...n%20290611.pdf

06-29-2011 , 07:18 AM

#103

Sven2812

old hand

Join Date: Feb 2010 Posts: 1,401

Quote:

Originally Posted by AnantPr

lol u will never see that moneys again

06-29-2011 , 07:18 AM

#104

soon2bepro

banned

Join Date: Jan 2006 Posts: 3,280

Quote:

Originally Posted by suzzer99

If the money's not there, and hasn't been for a while, then essentially FTP has been running a ponzi scheme.

True. But as far as I know, it wasn't that the money wasn't there, but that FTP had the money with the players in the same account(s) as their company finances money, so all the money was frozen together by the US DOJ. Am I correct in that?

06-29-2011 , 07:19 AM

#105

holland3r

old hand

Join Date: Jul 2005 Posts: 1,767

Quote:

Originally Posted by soon2bepro

My guess is they made up the maintenance thing to buy time while they debate what to do next. The forums are also down, probably to prevent speculation.

Not all is lost. Despite everything we've heard, I still trust Full Tilt's owners to make their players whole. They can always register a license in another jurisdiction, for example.

Whatever happens, it will likely take a while.

Their cash flow has just been cut off. They can't maintain their business while they wait and try to move to a new jurisdiction.

The best hope is that this suspension of their license will be provisionally lifted following an emergency hearing or something of that nature.

06-29-2011 , 07:19 AM

#106

hobbe80

stranger

Join Date: Jun 2011 Posts: 6

Updated information from AGCC: http://www.gamblingcontrol.org/userf...n%20290611.pdf

Interesting tidbits:

"(...) cease to exercise their eGambling licenses, which means that these licensees must from today
cease to:-

* Register new customers;
* Accept deposits from existing customers;
* Allow existing customers to withdraw funds that are held in their accounts; and
* Permit customers to participate in any form of poker game play or gambling
transaction. (...)"

And

"The Alderney Gambling Control Commission will hear the matters contained in the Hearing
Notices at a Regulatory Hearing which will commence at 10.00am on Tuesday 26th July (...)"

06-29-2011 , 07:19 AM

#107

kazz

centurion

Join Date: Jan 2010 Posts: 103

Quote:

Originally Posted by AnantPr

If everything works out I guess they would just chop it ICM wise and give you your share of money.. But i'm just guessing ...

06-29-2011 , 07:20 AM

#108

Reeder

enthusiast

Join Date: Mar 2011 Posts: 65

WTFFFF

06-29-2011 , 07:21 AM

#109

alexuuus

veteran

Join Date: Aug 2009 Posts: 2,316

is it possible to withdrawl at the moment?

06-29-2011 , 07:22 AM

#110

suzzer99

Save the Cheerleader, Save the World

Join Date: Nov 2005 Posts: 99,984

Quote:

Originally Posted by soon2bepro

The DOJ can't seize foreign bank accounts at will. They let Stars do what they needed to pay back US players. I'm not sure why they would block FTP from doing so. Also why would Ivey launch his protest if he felt FTP was doing everything it could?

06-29-2011 , 07:22 AM

#111

DjSkyy

veteran

Join Date: Sep 2002 Posts: 2,735

what a disgrace.

and what a blow...i guess i was still holding out hope that i'd see my ftp money someday and have a way out of the mess i've been in since BF. Guess it's gg.

06-29-2011 , 07:22 AM

#112

AnantPr

stranger

Join Date: Oct 2009 Posts: 6

Quote:

Originally Posted by kazz

If everything works out I guess they would just chop it ICM wise and give you your share of money.. But i'm just guessing ...

I really hope so, this is so frustrating, I was about to withdraw it after this tournament too ughhhh

06-29-2011 , 07:22 AM

#113

wtfdude

adept

Join Date: Apr 2010 Posts: 874

Quote:

Originally Posted by alexuuus

is it possible to withdrawl at the moment?

Its not even possible to connect to ftp so.....

06-29-2011 , 07:22 AM

#114

KuPoB_K

adept

Join Date: Mar 2009 Posts: 868

Quote:

Originally Posted by Snooks

We need a FT rep in here now....

Howard Ledderer said it: "When we are ready!"

Spoiler:

06-29-2011 , 07:23 AM

#115

DjSkyy

veteran

Join Date: Sep 2002 Posts: 2,735

and LOL at all u guys who just withdrew seconds after hearing this or earlier today adn think you'll somehow get your money

06-29-2011 , 07:23 AM

#116

Kajzer Sose

adept

Join Date: Apr 2009 Posts: 850

Quote:

Originally Posted by alexuuus

is it possible to withdrawl at the moment?

u cant be serious

06-29-2011 , 07:23 AM

#117

Darmaiad

adept

Join Date: Jun 2010 Posts: 730

Quote:

Originally Posted by alexuuus

is it possible to withdrawl at the moment?

Is it possible to even connect? not for me...

06-29-2011 , 07:24 AM

#118

Reeder

enthusiast

Join Date: Mar 2011 Posts: 65

Quote:

Originally Posted by Messenjupp

nope...sorry...usually I dont say that but you are an i***t...you only had $30 on your account. no one should really care about that kind of money but there are a lot of players out there with more money on the site...so seriously....stop bragging in here.

06-29-2011 , 07:24 AM

#119

Alrighty Roo

Carpal \'Tunnel

Join Date: Jun 2011 Posts: 16,269

Quote:

Originally Posted by DjSkyy

and LOL at all u guys who just withdrew seconds after hearing this or earlier today adn think you'll somehow get your money

Yeah, although mine got approved, I have lowered the likelyhood of me receiving it to about 20%.

06-29-2011 , 07:24 AM

#120

3.14RawManiac

old hand

Join Date: Jun 2009 Posts: 1,309

Pokerscout sucks

06-29-2011 , 07:24 AM

#121

alexuuus

veteran

Join Date: Aug 2009 Posts: 2,316

i´m at work, so i´m not able to try to connect... sorry for question

this time i´m worried about my money though... bye bye 6k

06-29-2011 , 07:25 AM

#122

hobbe80

stranger

Join Date: Jun 2011 Posts: 6

Quote:

Originally Posted by alexuuus

is it possible to withdrawl at the moment?

They are not allowed to process any cashouts - everything must be frozen until after the hearing on July 26th.

06-29-2011 , 07:25 AM

#123

Zwiggelte

journeyman

Join Date: Sep 2002 Posts: 344

Black Swan, who had thought this would happen 1 year ago.

This will affect the whole online pokerindustry. People will push the cashout button of other rooms also.

06-29-2011 , 07:26 AM

#124

KKaiserSoze

centurion

Join Date: Jul 2010 Posts: 174

damn the $1 I kept on full tilt
its gone forever!

06-29-2011 , 07:26 AM

#125

Alrighty Roo

Carpal \'Tunnel

Join Date: Jun 2011 Posts: 16,269

Last update was at 3:23 am, so it hasn't updated, it probably encounters a problem when trying to update and finds nothing there, so just keeps the last available stats.

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