After having three of its four online gaming licenses revoked last year by the Alderney Gambling Control Commission, Full Tilt's relaunch is on schedule for next month as the Isle of Man Gambling Supervision Commission granted the operator an online gaming license.
The Isle of Man is located between Great Britain and Ireland and has been the licensing body of PokerStars since 2005. As we all know, PokerStars acquired the assets of Full Tilt from the U.S. Department of Justice (DoJ) in August and will be relaunching Full Tilt by Nov. 6 as a separate company.
“The Gambling Supervision Commission is confident that Full Tilt Poker will safeguard the interests of its players and adhere to the strict policies and procedures governing Isle of Man licensed gaming companies," said Steve Brennan, Chief Executive Officer of the commission. "Full Tilt Poker’s application was strengthened by the fact that their new owners and management team are known to us and have an impeccable record of compliance with the Isle of Man’s regulatory requirements.”
Anyone concerned that another Full Tilt fiasco in which player monies could be frozen and unavailable for well over one year again due to inept management that allowed phantom deposits and failed to segregate player funds can rest assured that "the Isle of Man leads the way in ensuring that player funds are protected under mandatory trust arrangements that are built into their regulations,” according to PokerStars General Counsel Paul Telford.
Full Tilt's Nov. 6 relaunch will allow non-U.S. players to be reunited with $184 million in funds that have been frozen in cyberspace since Full Tilt's Alderney license was revoked. U.S. players are still awaiting word from the DoJ regarding the remission process.