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Poker News | World Poker News

Application Submitted to AGCC by FTP Subsidiary Orinic Limited Withdrawn

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Groupe Bernard Tapie (GBT) made the announcement yesterday, April 24th, 2012, that the deal to acquire Full Tilt Poker (FTP) had ended. And a statement was released by the Alderney Gambling Control Commission today, April 25th, 2012, that the request for a Category 2 gaming license by FTP subsidiary Orinic Limited had been withdrawn.

The statement from AGCC:

In the matter of an application by Orinic Limited for a Category 2 eGambling licence


that Orinic Limited has, pursuant to Regulation 28(1) of the Alderney eGambling Regulations, 2009, withdrawn its application dated 23rd March, 2012 for a Category 2 eGambling licence.

Accordingly the public hearing scheduled to take place on Thursday 3rd May, 2012 at the Braye Beach Hotel, Alderney will not now take place.

Since GBT is no longer working towards acquiring FTP, the announcement is not a surprise.

Poker media, poker websites, forums, and word of mouth have fueled speculation that PokerStars is attempting to acquire FTP.

The world is waiting for news but head of corporate communications for PokerStars, Eric Hollreiser, did nothing to fill the void when he posted the following on Tuesday on the PokerStars Blog:

“We've had a lot of inquiries and there's lots of speculation on the forums, so I wanted to address the PokerStars chatter. As you know, PokerStars is in settlement discussions with the U.S. Department of Justice. As such settlement discussions are always confidential, we are unable to comment on rumors. As soon as we have information to share publicly we will do so.”

Please don't hold your breath, poker world, unless you have a soft spot to fall on when you pass out. After all, Black Friday happened over a year ago and nothing has been resolved with Full Tilt Poker in the last 366 days.

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