“The Secondary CPA issued by the KGC to Full Tilt is valid and in good standing”

What does Kolyma/Full Tilt Poker’s Secondary Client Provider Authorization issued by the Kahnawake Gaming Commission (KGC) consist of?

The KGC’s Regulations concerning Interactive Gaming (which can be downloaded from the KGC’s website www.gamingcommission.ca) set out the requirements to obtain a Secondary Client Provider Authorization. Please see sections 46 to 54. Essentially, to obtain a Secondary CPA, an operator must holds valid license to operate interactive gaming issued by a comparable jurisdiction (the “primary jurisdiction”) and must have its head office and primary focus of operations in that primary jurisdiction.

Once a Secondary CPA has been issued, the operator has the same rights and responsibilities as the holder of a Client Provider Authorization – except that the operator is not required to post the KGC logo on its site. In the event the license from the primary jurisdiction is suspended, revoked or allowed to lapse, the holder of a Secondary Client Provider Authorization must, within thirty (30) days, apply for a Client Provider Authorization under these Regulations, failing which the Commission may suspend or revoke the Secondary Client Provider Authorization.

The Alderney Gambling Control Commission (AGCC) has recently suspended Full Tilt Poker's license. What is the current situation of Kolyma/Full Tilt Poker’s authorization issued by the KGC?

The Secondary Client Provider Authorization issued by the KGC to Kolyma Corporation (carrying on business as Full Tilt Poker) is valid and in good standing. Unless renewed by the KGC, it is due to expire on July 31, 2011.

Could Kolyma/Full Tilt Poker operate worldwide with a license issued only by the Kahnawake Gaming Commission (KGC)?

Yes.

In that case, what does Kolyma/Full Tilt Poker have to do to apply?

In the event Full Tilt Poker’s licence is not re-instated by Alderney, which the KGC considers to be its “primary jurisdiction”, we expect Kolyma to apply to the KGC for a Client Provider Authorization – as required by section 51 of the Regulations.

Has Kolyma expressed to the KGC the intention to apply for a Client Provider Authorization?

I am unable to confirm or deny your last question as the KGC considers such information to be confidential.