Full Tilt Poker granted license from Isle of Man

Rational Group will re-launch FullTiltPoker.com on November 6 and has committed to reimburse us$ 184 million to former Full Tilt Poker players who lost their funds when the previous owners ceased operating the site in June 2011. The re-launch has been eagerly awaited by many former customers who enjoyed playing on a site known for its innovative software, game design and appeal to many of the best-known poker players in the world.

Full Tilt Poker was granted the Isle of Man licence following thorough scrutiny of the proposed operations by the Gambling Supervision Commission (GSC). In addition to ensuring the operation would be able to meet and comply with the Isle of Man’s rigorous standards, the GSC was particularly interested in reviewing the senior management structure that will oversee the operations.

Steve Brennan, CEO of the Isle of Man Gambling Supervision Commission, said Full Tilt Poker’s application was assessed and approved on its own merits, but added that the regulator’s positive experience with PokerStars management team and the company’s track record of compliance added strength to the licence application.

“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,” Brennan said. “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.”

"Rational Group General Counsel Paul Telford underscored the Isle of Man’s industry leading regulations when explaining why the Rational Group had moved the operations from Alderney to the Isle of Man. “In our view the Isle of Man’s e-gaming regulations set the gold standard for the online gaming industry. Their attitude toward ensuring operators provide a service that is safe, fair and socially responsible is second to none. In particular, the Isle of Man leads the way in ensuring player funds are protected under mandatory trust arrangements that are built into their regulations.”