Commerce

Regulator Closes Full Tilt Poker Website

Published on June 30, 2011
by Alexandra Berzon

A gaming commission in Britain’s Channel Islands said Wednesday it shut down Full Tilt Poker, one of the world’s most popular poker websites, ratcheting up pressure on an industry already reeling from a crackdown by the U.S.

Regulators from the island of Alderney visited the Dublin offices of Pocket Kings Ltd., Full Tilt’s software arm, and advised employees there that the licenses for a series of affiliated companies in Alderney had been suspended. The regulators demanded that Pocket Kings stop providing software support, maintenance, marketing or other services to Full Tilt, said a person familiar with the situation.

The shutdown comes as Full Tilt is courting potential investors and lenders in an effort to raise funding to pay back online poker players it owes money, according to two people with knowledge of the situation.

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