he statement explains the AGCC’s involvement with FTP after Black Friday but before the suspension, saying it “began immediate discussions with FTP’s management in order to protect the interests of players” in April. Americans had not been paid back in the weeks after the U.S. Department of Justice seized the domains of Full Tilt and other online poker sites. Finally, at the end of June, the AGCC decided to suspend Full Tilt’s license. Since then, no players in any jurisdiction have had access to their funds.
The most relevant part of the statement mentions the payment of overdue licensing fees. The issue of the fees that FTP owed the AGCC was brought up at a hearing last month regarding FTP’s suspended license.
At the hearing the Commissioners of the AGCC, acting as a tribunal, decided to adjourn the hearing to a date no later than 15th September, as they felt that this was in the best interest of the players using FTP’s services. The recent payment of overdue licence fees by FTP is also in players’ best interests since it allows commercial negotiations to take place that might result in a successful refinancing deal. Further details regarding the exact date and venue of the next hearing will be announced as soon as possible.
The licensing fee had been reported previously as us$ 250,000. What this news means for Full Tilt’s license is unclear at this time. At a minimum, it appears the licensing hearing will be moving forward.