Full Tilt Poker has finally paid the Alderney Gambling Control Commission £250,000 in license fees that were long overdue. This payment was confirmed on Alderney’s website.
The statement on the website said that “the recent payment of overdue licence fees by FTP is also in players’ best interests since it allows commercial negotiations to take place that might result in a successful refinancing deal”.
Despite the fact that Full Tilt Poker have paid their annual fees that cover the company till July 2012, their operating license remains suspended.
The reason why their license was suspended was because of the Black Friday announcement whereby Full Tilt Poker were named in an indictment by the US Department of Justice accusing them of bank fraud, money laundering and illegal gambling offenses. Click here to read more about Black Friday.
As a result of the indictment, the Alderney Gambling Control Commission started talking to Full Tilt Poker to protect their players. Then the AGCC decided to suspend Full Tilt Poker’s operating license because “these licensees and their business associates were operating contrary to Alderney legislation”. To read more on their license being suspended, click here. (http://www.casinomanual.co.uk/full-tilt-poker%E2%80%99s-operating-license-suspended-by-alderney)
The AGCC then announced a public hearing would take place in July but this was adjourned. This will take place on the 15th of September 2011. The reason for the postponement was because they felt that this was “in the best interest of the players using FTP’s services”. There are rumours that Full Tilt Poker is talking to an investor who is interested in buying their UK side of the business.