Thursday 8 December 2016

Gaming site's future up in air as regulators delay decision

GAMBLING

Published 28/07/2011 | 05:00

JOBS at Pocket Kings remain in the balance after gambling regulators gave themselves until September 15 to decide whether the company will keep its gambling license.

  • Go To

Authorities on the Channel Island of Aldernay yesterday adjourned a hearing into alleged licensing breaches by Full Tilt Poker, but said a hearing still needs to be held. Full Tilt Poker employs 600 people in Dublin through its sister company Pocket Kings but holds a gambling license from authorities on Aldernay.

On June 29 Aldernay suspended Full Tilt Poker's gambling license pending a hearing into alleged breaches of the licensing laws. The license will remain suspended until the final hearing.

The alleged breaches came to light after US authorities shut down the US operations of Full Tilt and two other rival websites, accusing them of illegal gambling, bank fraud, and money laundering back in April. Customers in the US have been unable to access their winnings since the move by US authorities.

Yesterday authorities on Aldernay held an initial hearing on the license, but adjourned proceedings until no later than September 15.

Indo Business

Read More

Promoted articles

Editors Choice

Also in Business