KGC Reviewing Full Tilt Poker's Secondary License
In a press release distributed on Thursday afternoon, the Kahnawake Gaming Commission, or KGC, announced that it was reviewing Full Tilt Poker‘s Secondary Client Provider Authorization. The news comes on the heels of Wednesday’s decision by the Alderney Gambling Control Commission to suspend Full Tilt’s primary operating license in the wake of Black Friday. Why the site had its license temporarily revoked remains to be seen; a public hearing in London on July 26th should provide more insight.
Kolyma Corporation A.V.V. owns the Secondary Client Provider Authorization granted by the KGC. The regulatory body, based on the Kahnawake reservation outside of Montreal, Canada, explained, “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.”
Thursday’s KGC press release concluded, “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.”
You’re probably asking yourself what a Secondary Client Provider Authorization is. Text found on the KGC’s website elaborated, “Issued to approved entities that want to provide interactive gaming services from the hosting facility in Kahnawake, but whose primary operations are located in another jurisdiction recognized by the Commission. The holder of a Secondary CPA is required to comply with all requirements of the regulations except the requirement to post the KGC logo on its site.”
It had been rumored that the KGC could grant Full Tilt a license to operate. However, its website still notes that it is governed by Alderney.
Full Tilt Poker has not paid back its U.S. players following Black Friday and now finds its online tables completely vacant due to Alderney’s actions. According to PokerScout.com, Full Tilt was previously the second busiest online poker room in the world and held a seven-day running average of 8,900 cash game players.
A source close to Full Tilt Poker told PocketFives.com on Thursday that an announcement regarding its current predicament could come as soon as Friday. So far, Full Tilt Poker has stayed mum about its next course of action. Stay tuned to PocketFives.com for the latest.
