Full Tilt Poker (FTP) has had its Secondary Client Provider Authorization (CPA) renewed by the Kahnawake Gaming Commission (KGC). The CPA, held by Kolyma Corporation, is effective as of yesterday and runs for a period of two years. The KGC statement read:
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”). Accordingly, the Commission is closely monitoring the proceedings being conducted by the Alderney Gambling Control Commission (the “AGCC”) 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.
The AGCC hearing into the operations of FTP was adjourned last week to take place no later than September 15th. The beleaguered poker operator will have to use that period to look to find a party of new investors who are interested in taking on the business.
The release also added:
Presently, Full Tilt Poker is not offering gaming to the public, or accepting player deposits, from servers that are located within Kahnawake or under the Commission’s supervision.
The KGC’s license is one of the best but it’s concerning that FTP can be given any type of license that isn’t contingent on them paying out all player balances. The same goes for Absolute Poker and Ultimate Bet.