Kahnawake Renews Full Tilt Poker License
04 August 2011
Since Black Friday on April 15th, Full Tilt poker has been on a downward fall that few thought that could pull up from. No money forthcoming to players in withdrawals, Alderney and French licenses suspended and an on again off again rumor of a buyout.
Even though Full Tilt still has to resolve the above issues, the Kahnawake Gaming Commission (KGC), regulatory authority for the Canadian-based Mohawk territory renewed its Secondary Client Provider Authorization (CPA) for its Kolyma Company.
In a statement by the KGC, it was said that this renewal would last for two years but also stated that it would “closely monitoring the proceedings being conducted by the Alderney Gambling Control Commission (AGCC)”.
Kahnawake regulations state ““All Client Provider Authorizations issued by the Commission must be appended to a valid Interactive Gaming License,” and further states that they are “only valid and enforceable for so long as the Interactive Gaming License to which it is appended is in good standing”.
This means no poker yet at Full Tilt due to the fact that they do not having a valid Interactive Gaming License but the door is open for Full Tilt to resume operations once some of the problems they are facing with the AGCC are resolved. There has been no indication from Full Tilt about what course they may be taking.
Another company caught up in the April 15th indictments, Absolute Poker, also faced a July deadline about its KGS license. The KGC however has not issued a statement concerning the renewal of this license as of this writing.
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Kahnawake has been one of the jurisdictions that players from unregulated US markets could count on in the past in terms of allowing their licensees to operate freely while also providing accountability. That is no longer an option for most players now since a minor scandal broke out concerning business that happened with the New Jersey Division of Gaming Enforcement.Read full article
17 October 2015Steam Gaming Platform Target for Full Tilt
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08 October 2015Another Set of Full Tilt Payments Are Being Issued
On April 15, 2011, an event happened in the online poker world that's been dubbed Black Friday. This event had to do with US federal indictments against a number of the top online poker rooms in the world including PokerStars and Full Tilt Poker. The Rational Group, owner of PokerStars, made a deal with the Department of Justice to purchase Full Tilt Poker and pay off the balances for all of their players since Full Tilt didn't have the funds to do so on their own.Read full article