Full Tilt Poker Pays Licensing Fee

The Alderney Gambling Control Commission has stated this week that Full Tilt Poker has paid its £250,000 licensing fee, and that the online poker room's license will be considered valid until a hearing to fully determine Full Tilt's fate is held.

The hearing is to be held "no later than September 15th" and will address the numerous allegations against the beleaguered poker operator including money laundering, illegal gambling offenses, and bank fraud. In a statement released by the AGCC, it was stated that the gambling regulatory body is in talks with Full Tilt to address the safeguarding of player deposits.

Regarding the payment of the licensing fee, the AGCC statement said, "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.

"Further details regarding the exact date and venue of the next hearing will be announced as soon as possible."

If Full Tilt maintains its Alderney license, it will be seen as a positive step for the company that is looking to strike a deal with foreign investors, with the goal being to get enough money injected in to the company to get players paid the money owed to them.

The AGCC's full statement can be read at: http://www.gamblingcontrol.org/FTP_statement.pdf