Interesting news today for the world of online poker. The Alderney Gambling Control Commission (AGCC), the regulator of the Full Tilt Poker .com site, has implemented a system of segregation that would oblige sites operators that they separate their accounts from those of their players.
What does it mean concretely? That money from poker sites players will no longer be involved in the money used by sites for its operations. This was theoretically true, but since Black Friday, we understand that this informal rule had not always been applied.
July 24, 2012, the Alderney Gambling Control Commission (AGCC) has made several amendments to the Alderney eGambling Regulations of 2009. If you're wondering what it is, is the set of rules to which operators must comply in order to obtain a license in the island of Alderney.
Among the amendments, one of the most interesting is the 230A which stipulates that licensees should hold the funds of their clients on separate accounts.
Obviously, this measure was set up by the AGCC to avoid that other leaders of poker sites can take advantage of the laxity of the law. Poker rooms must now submit monthly reports proving that funds of players are indeed available for all players.
That is, as if from one day to the next day 100% of the players would remove 100% of their bankroll, this might be possible without delay. In this report, the operators will provide the list of their bank accounts and their balance in addition to the date of the operations. The reports must be handed the 20th of each month so the AGCC can study them.
Operators have a licence in Alderney, include: Blue Square Poker, Unibet, PKR, Gala Ltd and ElectraWorks (PartyGaming).
This news follows the rumor of the last days from Wendeen Eolis. According to this rumour, players with funds on Full Tilt Poker could review their money a little before Christmas 2012. Encouraging new it is true, but say that since April 15, 2011, we have heard many things. The future will confirm or deny this rumor.
Discuss this news on PokerCollectif forums: the SCFA requires segregation of the players-operators accounts
