KGC Reviewing FullTilt Licence Status

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This came in from the Kahnawake Gaming Commission (the “KGC”) this morning:

ADVISORY NOTICE

For immediate release
FULL TILT POKER

(MOHAWK TERRITORY OF KAHNAWAKE – June 30, 2011) – Since July, 2010, Kolyma Corporation A.V.V. (“Kolyma”), carrying on business as Full Tilt Poker, has held a Secondary Client Provider Authorization, issued by the Kahnawake Gaming Commission (the “KGC”).

The KGC issues a Secondary CPA only in cases where an operator holds a valid license issued by a primary jurisdiction and has its head office and focus of operations in that primary jurisdiction.

The KGC is aware that the Alderney Gambling Control Commission (“AGCC”), has recently issued Suspension Notices against several companies collectively operating as Full Tilt Poker.

In view of these recent actions, the KGC is reviewing all available information to determine whether the Secondary CPA presently held by Kolyma will be continued. A further announcement will be made shortly.

About Kahnawake

The Mohawk Territory of Kahnawake is a sovereign jurisdiction located just outside Montreal, Quebec, Canada. The Kahnawake Gaming Commission was established in 1996 and has been continuously licensing and regulating online gaming since July, 1999.
For more information about the Commission go to: www.gamingcommission.ca or contact:
Kahnawake Gaming Commission
info@gamingcommission.ca

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More FT news for those of you who might be interested:

Full Tilt Poker to be sold to European investors

By Nathaniel Popper, Los Angeles Times
July 1, 2011

A leading online poker company shut down by federal prosecutors is set to be bought by a group of European investors in a deal that could allow U.S. players to recover as much as $150 million.

Full Tilt Poker was one of three online poker sites that had its American operations shut down on April 15 when the founders of all three sites were indicted on charges of bank fraud, money laundering and violating gambling laws.

Full Tilt, Poker Stars and Absolute Bet continued to operate outside the United States, though Wednesday, Full Tilt's international operations were suspended by regulators in the British Channel Islands. (more)