Well I have to be honest and say that the letter to The Aldreney Gambling Commission was primarily aimed at keeping them on their toes and me having fun with them.

Without explanation or any info it can look really bad for them and I wanted them to know that I and many others are looking over their shoulders watching every move they make and it cannot possibly hurt to ask them extremely difficult questions about this whole pitiful saga.

It would look absolutely horrible for the DoJ if players don't get paid and Ray and co. never get in custody. If all that comes of this is that Americans lose money and no Full Tilt owners end up in jail, they will look like a pretty bad payer in this whole mess. And they do care about image.

So which is more likely? They get their hands on some FT people or players get paid?

why dont u tell us

http://twitter.com/#!/GamingCounsel

http://www.gamingcommission.ca/news/pr07292011c.pdf

KGC renewed FTP secondary license for 2 years

sweet

can someone explain what a "secondary license" is exactly and what it is good for?

hmm...so is this good, bad, or neutral news? or a little of all three?

Will the Brits, Canadians and other Euros allow the secondary license to be enough for FTP to resume. Is KGC OK with them? What does Alderney think? Is this all a big sham game? Money Talks as AC DC once said!

Awesome this has got to be good news!

I dont think they can operate only with their secondary license.

In fact I dont know what it's worth at all.


But it cant be bad.

I am unsure if the article contents are correct

http://www.yogonet.com/english/2011/...d-standing201d

To maintain a Secondary CPA, a licensee must maintain a valid licence to operate interactive gaming that has been issued by a comparable jurisdiction (the “primary jurisdiction”)

what exactly does that mean?

apparently even tho FTP's license is "suspended" it is still VALID

http://www.youtube.com/watch?v=gL8BRNIXM8Y

LOL?

edit (thanks to kevmath): www.bigbighand.com

Seems like good news. Trace route anyone?

Also, I liked that commercial BoyanD

From what i gather the KGC CPA was used as a backup server farm, maybe in case of outages, peaks in traffic, or possibly load balancing. On its own it is not mush use, if alderney license is not reinstated.

However should be seen as a good thing I would assume, as the renewal would have cost money, no doubt and is of no use without a primary license, things are obviously happening in the background.

It sounds like KGC is saying that since AGCC has only suspended FTPs license and because of that as far as KGC is concerned FTP can re-open....wow...but if AGCC sees them re-open then this would force AGCC to make a decision....

Wow...its clear KGC is the place to operate when you can't play your players....

And we know KGC doesn't care if its licensees are solvent! lol

Anyone's interpretation on what this means, or if its news at all?

Trace route still goes through Guernsey atm. We'll have to monitor this to see if it changes... if it does you have to think FTP is going to go live in KGC.

FTP was also supposed to pay their debt to the AGCC by tomorrow if they wanted to remain in standing to keep their license, correct? So perhaps they are paying to keep their licenses and things may be moving forward. Do we have any way of confirming if FTP has payed the licensing fees mentioned to the AGCC?

this

It is only of use if they have a primary valid license (AGCC). So as it stands right now is of little use.

But KGC is saying "...concerning the eGambling Licences held by Filco Limited, operating as “Full Tilt Poker”. The AGCC has confirmed to the Commission that, although the eGambling Licences held by Filco Limited are presently suspended pending the outcome of a hearing, these licences are still considered to be valid."

This sounds like they are considering re-opening as FTP under a KGC license... probably they havent done it because AGCC would cancel their license the next day....so maybe plan B is to apply to KGC for a new primary license...

A strategy that will end in disaster.....the class action people will try to seek an injection to prevent this....I would if I were them...to prevent any cash from being disbursed....and how many people would depo with them?

But maybe they are hopping to convince an investor to put up some capital with a new license under KGC this would mean that they would only need enough to cover offshore funding and then they could pay US players with rake over time......just a thought...of course....it doesn't then solve the issue of the DOJ who would have some things to say about this as well...

Yes, that is what I read. As the license is currently suspended pending the outcome of the hearing, it basically states Full Tilt is complying with AGCC, and unless the license is revoked it is still valid, which has been stated Full Tilt is still bound by their license with AGCC until they revoke it which they have not done. The secondary license is of no use while they have a suspended primary license they cannot operate under the secondary license alone.

I don't think they are looking to KGC for a primary license, why would they renew a secondary license with them? A secondary license would be pointless, they would let it expire and go striaght for a primary license not renew the secondary. If anything it appears more like they are looking to AGCC to reinstate their license, as the secondary license on its own is worthless.

Totally agree with what your doing and hope the outcome is positive for us all

As written the announcement means absolutely nothing IMO.

I understand what you are saying, but it is not really an option.

If Full Tilt Poker resumes play on KGC servers they are going against AGCC, which would more than likely result in them revoking the license and or taking further action. This KGC CPA is only valid with their AGCC license so going against AGCC cannot really happen. It is possible they are/have attempted to obtain a primary license elsewhere however I think they will find it near impossible with present affairs.

The most logical way to look at a secondary license is that it is dependent on the primary license and is as functional and in the same state as the primary license.

I am still edging towards the fact FTP is looking to AGCC for their primary license as renewing the secondary license is a waste otherwise.