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AGCC: Full Tilt Poker's License Still Valid  0   
Even though the AGCC suspended Full Tilt Poker's primary license back on June 29th, they are still considering it to be valid. As a result, Kahnawake Gaming Commission has renewed Full Tilt Poker's secondary license for two more years.

KGCOn Friday, the Kahnawake Gaming Commission released a statement in which they have agreed to renew Full Tilt Poker's Secondary Client Provider Authorization (CPA) for two more years.

The KGC justified their decision by arguing that Full Tilt Poker's license is still valid:
"To maintain a Secondary CPA, a licensee must maintain a valid licence to operate interactive gaming that has been issued by a comparable jurisdiction (the "primary jurisdiction" Blink.

Accordingly, the Commission is closely monitoring the proceedings being conducted by the Alderney Gambling Control Commission (the "AGCC" Blink concerning the eGambling Licences held by Filco Limited, operating as "Full Tilt Poker". The AGCC has confirmed to the Commission that, although the eGambling Licences held by Filco Limited are presently suspended pending the outcome of a hearing, "these licences are still considered to be valid."

Full Tilt Poker has held this secondary license since 2010, and we presume it is basically a backup, so that if the servers in Alderney fail, the service can be switched to Kahnawake.

It is still unclear whether a renewal of a secondary CPA would allow Full Tilt Poker to restart business under Kahnawake regulations, and even so, if Full Tilt Poker would want to resume operations once the renewal is in place. Even though Full Tilt Poker's license is still considered to be valid, it is very unlikely that Alderney would let them start up their business again, even through a secondary license.

Back on June 29th, when Alderney first released a statement announcing the suspension of Full Tilt Poker's licenses, it clearly stated that the four companies behind Full Tilt Poker licensed by the AGCC must "cease to register new customers, accept deposits from existing customers, allow existing customers to withdraw funds that are held in their accounts, and permit customers to participate in any form of poker game play or gambling transaction."

     
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Posted by ImRincewind:
Even though the AGCC suspended Full Tilt Poker's primary license back on June 29th, they are still considering it to be valid. As a result, Kahnawake Gaming Commission has renewed Full Tilt Poker's secondary license for two more years.

KGCOn Friday, the Kahnawake Gaming Commission released a statement in which they have agreed to renew Full Tilt Poker's Secondary Client Provider Authorization (CPA) for two more years.

The KGC justified their decision by arguing that Full Tilt Poker's license is still valid:
"To maintain a Secondary CPA, a licensee must maintain a valid licence to operate interactive gaming that has been issued by a comparable jurisdiction (the "primary jurisdiction" Blink.

Accordingly, the Commission is closely monitoring the proceedings being conducted by the Alderney Gambling Control Commission (the "AGCC" Blink concerning the eGambling Licences held by Filco Limited, operating as "Full Tilt Poker". The AGCC has confirmed to the Commission that, although the eGambling Licences held by Filco Limited are presently suspended pending the outcome of a hearing, "these licences are still considered to be valid."

Full Tilt Poker has held this secondary license since 2010, and we presume it is basically a backup, so that if the servers in Alderney fail, the service can be switched to Kahnawake.

It is still unclear whether a renewal of a secondary CPA would allow Full Tilt Poker to restart business under Kahnawake regulations, and even so, if Full Tilt Poker would want to resume operations once the renewal is in place. Even though Full Tilt Poker's license is still considered to be valid, it is very unlikely that Alderney would let them start up their business again, even through a secondary license.

Back on June 29th, when Alderney first released a statement announcing the suspension of Full Tilt Poker's licenses, it clearly stated that the four companies behind Full Tilt Poker licensed by the AGCC must "cease to register new customers, accept deposits from existing customers, allow existing customers to withdraw funds that are held in their accounts, and permit customers to participate in any form of poker game play or gambling transaction."



Not sure exactly what this all means, but i just checked and Full Tilts still down so I'm sure this is just another rumor. Can you cite a reputable source for this information?

     
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"Even though Full Tilt Poker's license is still considered to be valid, it is very unlikely that Alderney would let them start up their business again, even through a secondary license."

That was the sentence i was looking for.
I try to start up FT every few days, still hoping for a miracle.

Not today.... Sad

     
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starting their business again without sorting out the mess with AGCC is gonna land them in more trouble. looks just like a precautionary measure in case they lose the license permanently with AGCC

     
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Posted by SuperNoob:
starting their business again without sorting out the mess with AGCC is gonna land them in more trouble. looks just like a precautionary measure in case they lose the license permanently with AGCC


But the KWC license is just a secondary license, it's not valid unless they hold a primary license, which is technically suspended. So whilst their secondary license was renewed, technically they can't operate under either until the AGCC issue is cleared up.

At least that's what I can ascertain from all the speculation I've read on this. It seems like no-one knows for sure exactly what it all means.

[QUOTE]Posted by IslandJack: I try to start up FT every few days, still hoping for a miracle.[/quote]

Yeah, me too and my girlfriend makes fun of me for it. Like everyone else though, I'm just praying for a miracle. I really don't wanna have to write that money off re-build at Party...Ugh how I hate Partys software Tongue

*Edit* Gah, you can't multi-quote in these Forums? That's horrible Tongue Tongue Tongue

     
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miracle yes Worship Worship Worship Worship Worship Worship Worship Worship Worship Worship Worship Worship Worship Worship

     
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