Full Tilt Finally Pays Out - Just Not to You
The Alderney Gambling Control Commission announced today that Full Tilt has paid the license fees that were due.
According to reports, this amount was reported to be around $410,000.
In its statementÂ regarding the matter, the AGCC claimed that "The recent payment of overdue license fees by FTP is also in playersâ best interests since it allows commercial negotiations to take place that might result in a successful refinancing deal."
If you read between the lines, that basically equates to "We will give them their license back should Full Tilt secure a deal."
This very well may be a solid first step towards Full Tilt getting a deal done. Seriously, who would want to invest in a company that is not licensed?
While the license may now be suspended, the AGCC has all but cleared the way for reinstatement.
Now it is up to Full Tilt to get the deal done.
In my opinion, if this goes down and Full Tilt gets a deal and the money to pay players back, don't expect your money until October, maybe even November.
Let's all sit back and enjoy the show.