cliffs?

cuz I can't watch videos at work.

alderney gambling control(?) commission...

 when you allow the one you're supposedly regulating/overseeing to provide all the actual oversight and rely solely on info they provide.... where the f*ck is the "control"

he says : "licensees are required at all times, to comply with certain prudential ratios".... yeah, great rule if it was actually enforced by way of verified financial audits


 easy to make a bunch of rules, but if a company is directly breaking those rules, why would they ever volunteer that info... whole point of making rules/regulations is to keep an entity in check
 common sense logic dictates that if certain rules/regs are needed in the first place, then those upon which those regs are placed CANT be trusted to self enforce them, if they could, no such regulation would be necessary

 in regards to internet based operations, the agcc nor any of these other schill gaming commissions (think kahnawake) actually do anything but provide meaningless "rules/regs and policies" along with worthless logos of "assurance" for a fee
 basically zero of their resources go towards anything that could be remotely described as oversight or control, otherwise even the most rudimentary, inept inspection would have revealed myriad improprieties at FT, AP, UB ect

 here, just as in the multiple kahnawake cases at AP and UB, no oversight ever actually existed in any form, and only after the blatant fraud becomes widely known and impossible to hide do the (IMO, complicit co-conspiratorial) "gaming commissions"  take any actions... mostly in the form of empty, toothless judgements/decisions that benefit nobody and merely serve to placate the gullible

^ but "we'll take the sites' word whether or not they are complying" is obviously all a "regulator" is expected to do, right?

 

Tony G is a blow-hard.

Yes, the AGCC fricked up, but how does knowing about Full Tilt's troubles back in Dec '10 help the players? There's still a massive shortfall. The players are no worse off now than had the AGCC revoked FTP's license back in Dec '10.

Or how about the people who deposited after BF but before the AGCC suspended their license?

Well they had players funds in a segregated account so it was easy enough to avoid the whole our money/their money problem. No doubt there would have been some hiccups with payment processors, but if they were auditing it just once a month, they'd move funds from their operational funds to the players funds if there was a discrepancy. Basically you don't get to a 300 million dollar short fall without serious mismanagement. They had enough money to pay the 50% or so customer base that they had to. Those funds might have even been offshore so were never seized, and they just needed to get the client back to the U.S. players and the okay to send out cheques to process the payments.

my guess is you mean Item #15?

"and by 'segregated' we mean 'Lederers personal account is segregated from Ferguson's personal account!"