The Alderney Gambling Control Commission (AGCC) is the organization that manages online gambling licenses in Alderney. The AGCC launched in May 2000 and has since become a well known and respected place for online gambling operators. One notable feature of the Alderney gambling control commission is their drive to protect players to ensure that the games they are playing are fair and frequently tested. They also want to ensure complaints are handled with the highest level of professionalism and to ensure counselling is available for players as well.
Some of the online gambling companies licensed in Alderney include Pinnacle sports, Bet at Home, Unibet, Sportingbet, Mecca Bingo, PKR, Totesport, and Winagames.
Alderney revokes license for Full Tilt Poker
The AGCC revoked the gaming license by Full Tilt Poker on September 29th, 2011. This happened for numerous reasons but in short the poker company was in breach of their obligations to players. The problem revolves around Black Friday where 5 major US facing poker sites were confiscated by the Department of Justice. This caused a chain reaction of events including many funds being frozen for poker players and supposed issues of some of the owners of Full Tilt Poker trying to withdraw money as well during the problems. This is a case where a online gambling licensing jurisdiction upheld their standards and enforced their gaming laws. For this reason, Alderney remains a well respected gaming jurisdiction and tends to have reputable brands and online casinos licensed there that are also well funded to protect players.
A statement from the AGCC reveals that operators must have available a certain amount of money available for players in the case of withdrawals and to ensure player funds are protected. This is what happened with Full Tilt where they were in violation. Their statement is as follow:
“AGCC requires its licensees to adhere to strict prudential ratios in order to provide assurance of the financial health of the remote gambling operation.”