No US license for Full Tilt Poker

Industry insiders have indicated that the new owners of Full Tilt Poker have no interest in acquiring a license to provide services to the US Market.

It was once the giant of the online gambling world, but now investors are meeting to decide the fate of the site that was shutdown because of what the gaming industry now calls ‘Black Friday’. As the site is registered in Alderney, The Alderney Gambling Control Commission will meet to discuss the future direction the site will take. It is understood that the new investors are looking to concentrate their activities in the UK, Irish and European Markets, leaving no hope for the scores of American players who counted Full Tilt Poker as one of their favourite sites.

However, it seems that the European market may not be that straightforward as the Full Tilt brand recently had their gaming license suspended in France. There has not been any indication as to whether this new group of investors will make this a complete withdrawal from the French market, or if it just a temporary halt to their activities.

However, they will more than likely be studying the recent report that suggests online betting in France has dropped by 26.5% in the first three months of 2011. Analysts are keen to see if this is just a normal fluctuation in the market, or an indication that players are returning to more competitive offers on the black market.

As well as Full Tilt Poker, two other companies offering online poker games had their sites seized by the Department for Justice. The Chief Executives of PokerStars and Absolute Poker received a 52 page indictment and a civil complaint was filed against the companies themselves.