Full Tilt Poker has been granted a license by the Isle of Man Gambling Supervision Commission (GSC) according to an announcement made by the Rational Group. The license will allow the company to provide online poker services from the Isle of Man and Full Tilt Poker will relaunch on November 6th. The Rational Group operates PokerStars and acquired Full Tilt Poker's assets in August and will repay non-U.S. customers $184 million on the online poker sites relaunch.
The Isle of Man license granted to Full Tilt Poker was issued following "thorough scrutiny of the proposed operations by the Gambling Supervision Commission," according to the Rational Group press release. The GSC appeared to be very interested in reviewing the senior management structure that would oversee Full Tilt Poker's operations.
“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, CEO of the Isle of Man Gambling Supervision 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.”
The Alderney Gambling Control Commission previously regulated Full Tilt Poker but the operating license was cancelled on June 29th, 2011. Almost 30 tons of Full Tilt Poker hardware was moved to military plane last month from Dublin to PokerStars' headquarters on the Isle of Man. Full Tilt Poker's servers must be located in the Isle of Man to be in accordance with Isle of Man regulations but the poker site's headquarters will stay in Dublin.
“In our view the Isle of Man’s e-gaming regulations set the gold standard for the online gaming industry," said Rational Group general counsel Paul Telford. "Their attitude toward ensuring operators provide a service that is safe, fair and socially responsible is second to none. In particular, the Isle of Man leads the way in ensuring player funds are protected under mandatory trust arrangements that are built into their regulations.”