Full Tilt subsidiary applies for Alderney licence
Orinic applies to Alderney Gambling Control Commission for category 2 eGambling licence.
Full Tilt Poker (FTP) subsidiary Orinic Ltd has applied for a category 2 eGambling licence with the Alderney Gambling Control Commission (AGCC), the regulator has confirmed.
The Swiss-facing company was the only one of the four FTP companies not to see its licence revoked by the AGCC in September, as it was yet to become operational.
However its current suspended licence is of the Category 1 variety, which authorises the organisation and preparation of gambling operations, namely the registration and verification of players, the contractual relationship with them, and the management of player funds.”
In comparison, the AGCC explains on its site that a Category 2 licence “Authorises the effecting of the gambling transaction including operational management of a gambling platform located within an approved hosting centre.” Orinic has only applied for a Category 2 licence and it is unclear at this point whether the company is also pushing for a reinstatement of its Category 1 licence.
Orinic was described in last week’s external review of the AGCC, conducted by former UK Gambling Commission chair Peter Dean, as having applied for a licence in order to market the Full Tilt Poker internet poker room to Swiss-resident players, and its application was approved in January 2011.
The company’s licence was only suspended while those of Filco, Oxalic and Vantage were revoked on the grounds that it “was not currently trading” but was part of the same group. The revocation of the other three licences was attributed to the insolvency of the companies in question as well as a further associated company, Kolyma.
Peter Dean’s report also notes that “imposed a series of stringent conditions which had to be satisfied before Orinic could start trading”. If the current licence application – submitted on 23 March – is approved, it can be assumed that these conditions have been met.
eGaming Review revealed yesterday that Full Tilt Poker’s software company Pocket Kings has placed adverts for a number of customer service jobs in Dublin, suggesting that it may be gearing up for a return to business.
Groupe Bernard Tapie’s (GBT) takeover of FTP, discussions over which began last year, is yet to be completed. However GBT has itself applied for an operating licence for the newly regulating Spanish market.
Meanwhile the Alderney Gambling Control Commission has granted a licence to British-based company Postcode Lottery Ltd.