Home / Poker News October 2011 / Tony G to sue AGCC
Tony G to sue AGCC
Posted by: James Carter. - Thu, 2011-10-13 05:27
Poker pro and online poker business guru Antanas Guoga is contemplating a lawsuit against the AGCC (Alderney Gambling Control Commission) on charges of neglect and lack of proper diligence for its licensees.
According to Guoga’s claims, the AGCC had known about the precarious financial situation of Full Tilt Poker before the Black Friday indictments. It had nonetheless neglected to act on what Guoga and Von Limited CEO John Sykes called a clear breach if its regulations. The accusations in the matter go even further: it is assumed that the Commission had accepted certain benefits from Full Tilt Poker in exchange for neglecting to uphold its own regulations.
The AGCC is a non-political, independent entity established in 2000 with the goal of regulating and licensing online gambling, with the interests of the licensees’ customers and the potential problem gamblers in mind. The ultimate goal of the AGCC is to attract world-class online gambling interests through the high standards it upholds regulation-wise and through the trust it thusly generates among the customers of its licensees.
Guoga said that they had known about the AGCC’s negligence for a while since the statement regarding the security of players’ funds had been missing from Full Tilt’s Terms and Conditions, despite the fact that the AGCC’s Regulations were quite strict about that clause.
The issue has been brought up with the AGCC, in an apparent response to which, a statement appeared in FTP’s Terms and Conditions section, according to which, player monies were indeed not segregated from company funds.
According to Guoga, such a blatant breach of its regulations must have prompted a review on the financial situation of the licensee, had the AGCC not been ‘in bed’ with the assailants.
Sykes will apparently be in charge of the lawsuit which is currently in the stage of consultations with legal advisers. The opening of a channel that would allow players to join the suit is also being considered.
