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Full Tilt news: Site repays $250k poker license

Full Tilt Poker news: Shut down poker site Full Tilt finally pays outstanding license fee to Alderney Gambling Control Commission

by Jackhunter PokerJolt August, 8th 2011
Overall: 5
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Full Tilt Poker shutdown to players several months ago

Above: Full Tilt Poker shutdown to players several months ago

Full Tilt Poker shutdown on April 15 in the US and June 29 in the UK and Europe

FULL Tilt poker players are a step closer to getting their money back after the company paid $250,000 it owed in licensing fees.

The poker site, which has been shut to both American and European players for months, made the outstanding payment to the Alderney Gambling Control Commission (AGCC).

It means talks can now resume in a bid to either have the company's assets unfrozen - or enable a sale to a rival online gaming operator.

In a statement, which you can read in full here, the AGCC said: "The recent payment of overdue licence fees [by FTP] is in players’ best interests.

"It allows commercial negotiations to take place that might result in a successful refinancing deal."

Full Tilt has been shut to US players since 'Black Friday' - April 15 - when PokerStars And Absolute Poker were also shut down in the US, and to those in the UK since June 29, when the AGCC suspended all its licenses. It is thought that nearly $150million is currently frozen in Full Tilt player accounts around the world.

A hearing into the company's activities - and a decision on the future of its gaming licenses - has been postponed until at least September.

Pokerjolt understands that 888, Bodog and bwin.Party Digital Entertainment have so far made enquiries about acquiring Full Tilt's European businesses.

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