Full Tilt Poker Hearing Today

September 19 - Today (Monday, September 19) is the day that Full Tilt Poker will have yet another chance to explain why it hasn't managed to pay back the millions of dollars owed to US poker players for several months now.

The Alderney Gambling Control Commission's hearing for Full Tilt online poker room will be held today, if all goes according to schedule, and there are no last minute surprises along the way.

Players have been waiting rather impatiently to finally get some answers as to why Full Tilt Poker has not done enough to settle the approximately $150 million owed to them since the site was targeted by US authorities in April this year.

Unfortunately, while it was originally believed that the Full Tilt Poker hearing would be open to the public, it will now not be.  Full Tilt Poker's representatives will meet with the AGCC behind closed doors, in line with their demands in the original hearing held in July.

It should be remembered that the Alderney Gambling Control Commission suspended Full Tilt Poker's license after it found that the site could not safely guarantee payouts and protect its players' deposits.

Not everyone connected with the AGCC is satisfied with the fact that the hearing will be held behind closed doors. The Executive Director of the commission, Andre Wilsenach said: "I am pleased that the Full Tilt Poker hearing will continue as scheduled, as was argued on my behalf."

Full Tilt Poker Faces License Suspension

"However, I am disappointed with the tribunals decision that, notwithstanding my arguments to the contrary, the hearing will be held in private. I believe the public has a right to know the reasoning behind the decisions to suspend Full Tilt Poker's license, and to hear the evidence that will be put forward on my behalf."

Wilsenach said that it was his understanding that the tribunal conducted a difficult balancing exercise of the interests of the various parties, taking into account the legal arguments for and against further postponing of the hearing, and for and against allowing the public to attend.

He said that, as a result, the public would not be allowed to attend.

Last week, Full Tilt Poker issued another statement, which did not spell out anything new, except that it plans to start cutting back on its budget, including letting go some of its staff.  It also stressed that its main objective is to find an investor so that it could reopen for business and start paying out its players.