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Full Tilt Subsidiary Pulls Out of AGCC Application
As expected Full Tilt Poker subsidiary Orinic Limited has withdrawn its application for a gambling license with the Alderney Gambling Control Commission.
The AGCC confirmed the move earlier this week. Although the Commission gave no reason for the withdrawal, Orinic Limited was believed to have been applying for the licence as part of the potential deal with the Bernard Tapie Group.
Since the Tapie deal collapsed earlier this week there was apparently no reason for Orinic to go forward with the application for the time being.
Orinic Limited was seeking a Category 2 eGambling license that would have permitted them to handle online gambling funds.
The Full Tilt Poker subsidiary was able to avoid getting its Category 1 license revoked last summer because it didn’t host of the games on FTP and wasn’t in violation of any AGCC regulations.
In other Full Tilt Poker news the company has released an official statement addressing the collapse of the Bernard Tapie deal.
“To address issues reported today in the media and on blogs, Full Tilt Poker confirms that its agreement with Groupe Bernard Tapie has in fact been terminated,” said FTP Attorney Barry Boss.
“Despite this development, Full Tilt Poker is more optimistic than ever that its number one goal will be obtained: Full Tilt players will be repaid. Full Tilt Poker has been in settlement discussions with the US Department of Justice. As such settlement discussions are always confidential, we are unable to comment on any rumors related to the details of those discussions. As soon as we have information to share publicly we will do so.”