AGCC Holds Public Hearing in the Full Tilt Poker Case

Poker Legislation | estimated reading time
2012. April 19.
The Alderney Gambling Control Commission will hold a hearing on the 3rd May, examining the lincence request of Orinic Limited, owned by Full Tilt Poker.
As we have reported before, Orinic Ltd, one of the companies that can be traced to Full Tilt Poker, requested a 9second category licence from the Alderney Gambling Control Commission (AGCC). The AGCC announced Orinic's request on the 23rd March, and objections were to be issued in the following 14 days. 
 
Full Tilt Poker

 
As you all probably know, the AGCC pulled the operating licences of the companies behind Full Tilt Poker (Vantage Limited, Filco Limited and Oxilic Limited) on the 29th September 2011. The fourth company, Orinic Ltd only received a licence not long before Black Friday, and it is not even clear what the exact reason for obtaining a licence was. According to some news, it was obtained in preparation for future plans of extending to Switzerland. This licence has never been activated, though. The AGCC did not pull Orinic's licence, but left it suspended, which made it clear that this could be the one way Full Tilt Poker could ever receive a licence again. 
  
As Orinic Ltd did not lose its "trustworthy" status on paper, this licence could easily be activated, given that a new owner comes. If FTP did not have this licence, the whole acquisition process would have to start from scratch. 
  
According to the latest news, the AGCC has not yet accepted Orinic's licence request, but asked for a public hearing instead. This will be held on the 3rd May in the Braye Beach Hotel, Alderney. 
  
Anyone can take part in the hearing and participants will also be allowed to join the discussion by making oral remarks. 
  
The AGCC will most probably be very careful with this issue, as tehy have received a lot of criticism about how they handled the Full Tilt issue. In December, the AGCC requested an independent examination by experts, to insure that they had acted lawfully and correctly at the time Full Tilt Poker was shut down. Peter Dean, former member of the British gambling inspection crew, was asked to do this. Although he proposed a few changes, he declared that the actions taken by the AGCC were appropriate. 
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