Poker news tagged with 'gaming license'

Orinic Limited, Full Tilt Poker' subsidiary, has withdrawn the application for a gaming license that was made to Alderney Gambling Control Commission (AGCC). This was reported by AGCC in a press release 2 days ago. Also, this means that the scheduled public hearing next Thursday is canceled.

This doesn't come as a surprise since Group Bernard Tapie, the investment group that was going buy Full Tilt Poker until a few days ago, sent out press release the other day that it had failed to reach an agreement with the United State Department of Justice to acquire the assets of Full Tilt Poker.

Now, let's hope that the rumor about PokerStars buying Full Tilt is true so players will get back their money.

For almost 3 years, the online gambling market in France was owned by a state run monopoly. In April this year, a law was passed to allow for regulated gaming, opening up the market to foreign operators who follow strict guidelines and rules. In June, 11 sites received a license, followed by another 7 sites. On Monday, ARJEL (Autorité de Régulation des Jeux En Lignee - Authority of Regulation of Online Games) issued 9 new licenses to companies that want to offer internet gambling services to French customers (Full Tilt and PKR are 2 of the biggest sites among these 11).

In total, 27 sites foreign sites now have received a license to operate in France. Hopefully more countries with gambling monopoly will follow in France's footsteps and start issuing licenses to foreign betting companies.