Friday, July 01, 2011

The End for Full Tilt?

Sports Betting: £133.49. Poker: £122.00. Total: £255.49

Will be gutted if it's true, not just because of the $60 odd I have left there (withdrawn just about everything I had, fortunately, not so long ago I had 2-3K!) but it was where I had such a decent run on the low stake plos. I guess the writing was on the wall when they did not let the americans withdraw unlike stars, I am guessing they simply did not have the money to do so! Hence they were in breach of their licence, which was why the Alderney Gambling Control Commission (AGCC) were (sadly) correct to pull the plug prior to the main hearing at the end of July. There are rumours of them trying to get another licence in another juristriction, but seriously, how many people would risk depositing to a company who (at best) has been appallingly run and who have consistently given excuses for their lack of action. At worst, they have acted in a manner which could be described as fraudulent, allowing non americans to continue to deposit whilst not segregating the funds in seperate accounts (unlike stars).

By reading the thread on two plus two, there is someone with a friend who has just over $400k, yep, you did read that correctly, and plenty more with 5 and 6 figure sums. Worrying times indeed! Apparently, he was told that he could withdraw a maximum of $2.5k a week, which when you have several hundred thousand is clearly going to take ages, even though he was removing the most he could since Black Friday. I am also sure that the staff were watching VERY closely for chip dumping as it would be obvious that people may try to attempt it to get money off the site.

You would think that with so many customers and such a solid cash flow they would be able to organize something...but clearly the lack of trust is the big stumbling point unless there is a big cash injection sufficient to pay everyone their balance. And that would take very deep pockets..unless I win the Euromillions tonight it won't be me I'm afraid...

It will be interesting how this will effect the Main Event Field size, surely nobody will turn up representing a site which could be bust and holding hundreds of millions of players money - they would get all manner of stick, wouldn't they?

Looking forward to the start of the new season as far as Chalfont are concerned. As for Arsenal, well, who knows, unhappy times sadly :( Just got my Travel Club Renewal thanking me for going to the away matches, I was considering going to the CL qualifier depending on where it is, now I just don't know :( Europa League anyone?

Thanks for reading and good luck.

1 comments:

ind33 said...

whattt all i see is blablablablabla fuck the industry!!!!!!!