AGCC Confirms Possible Full Tilt Buy-Out AGCC Confirms Possible Full Tilt Buy-Out

The Alderney Gambling Control Commission (AGCC) announced Monday that they are in talks with Full Tilt and unnamed investors with the aim to reopen the poker room to customers.

The statement, available online, states that there are ongoing talks with a “third party” concerning the potential refinancing of Full Tilt Poker.

Last Thursday, the AGCC suspended Full Tilt’s license and the poker room has been offline since. The original announcement stated that there was indictation FTP was “operating contrary to Alderney legislation” at the conclusion of an Alderney investigation prompted by the US indictments of Black Friday. However, this latest announcement clearly defines Full Tilt cash flow problems as the source of concern.

The confirmation of possible investment comes after news from mainstream news outlets that Full Tilt was in talks with unnamed European investors to sell a majority stake in the company.

Today’s announcement also aims to distance the AGCC from an interview on where a proclaimed “AGCC Legal Counselor” spoke candidly about AGCC’s decision.

“Contrary to current reports circulating in the media, AGCC has not authorized any statement by legal counsel,” it reads. “[The AGCC] has no knowledge of the comments attributed … to a Mr. Werner Bers, of whom we are otherwise unaware, and disputes the correctness of his statement.”