Full Tilt Poker has been granted an online gaming license by the Isle of Man Gambling Supervision Commission. This marks a major milestone in PokerStars’ efforts to bring the long troubled online poker site back to life after Black Friday.
The announcement came from the Rational Group, which recently acquired Full Tilt’s assets, and liabilities, in a deal worth hundreds of millions of dollars. It’s their intention to have FTP back online by November 6 and have already moved the company’s server’s the Isle.
In its previous life, FTP was licensed by the Alderney Gaming Control Commission (AGCC), though that license was suspended last September. At the time, FTP’s prospects for resurrection seemed limited at best. PokerStars’ efforts to rehabilitate the company definitely impressed Manx regulators.
Here’s what Steve Brennan, Chief Executive Officer of the Isle of Man Gambling Supervision Commission had to say on the matter:
The Gambling Supervision Commission is confident that Full Tilt Poker will safeguard the interests of its players and adhere to the strict policies and procedures governing Isle of Man licensed gaming companies. Full Tilt Poker’s application was strengthened by the fact that their new owners and management team are known to us and have an impeccable record of compliance with the Isle of Man’s regulatory requirements.
FTP’s Isle of Man license does not, however, give them carte blanche across Europe. The company is still working out arrangements in some countries and is skipping Belgium, Denmark, Estonia, Italy, France and Spain entirely.
What do you think about FTP’s rebirth? Share your thoughts in the comments section below.