It looks like the long awaited and anticipated return of one of the industry giants is finally going to happen. The big name in poker, Full Tilt Poker was granted a gaming license by the Isle of Man Gambling Supervision Commission on October 9th of 2012. Everyone at the Rational Group, who runs and operates Full Tilt (under command of PokerStars of course), have been working non-stop to try and get their non-US operations back up and running by their launch date of November 6th, 2012. There were a few skeptical people regarding the integrity that Full Tilt Poker would have, including the Isle of Man GSC.
As many should know, the Rational Group is the company that currently owns and operates PokerStars, which purchased the rights to Full Tilt Poker. They made a deal with the U.S. Department of Justice for $731 million in order to pay back the poker players that had their accounts frozen when Full Tilt Poker closed. PokerStars, or better yet the Rational Group, still has an outstanding balance of $184 million that is owed to the other poker players from around the world, but only to non-US players as they have no responsibility over the US player accounts and funds.
The credibility and reliability of the new owners of Full Tilt Poker has reassured poker players around the world, as well as the Isle of Man GSC CEO, Steve Brennan, that the poker room will comply with any and all regulatory requirements; makes since considering the amounts paid, the size and reputation of PokerStars, and the fact that they continue to be the #1 poker room in the world during and after all poker industry events, such as Black Friday.
Full Tilt Poker started transporting all of their hardware last month from Dublin to the Isle of Man, where the servers must be located according to the Isle of Man regulations. Their headquarters will still remain in Dublin, under the new management. The reason Full Tilt went with the Isle of Man license was due to their impeccable regulations that aim towards a fair and secure service, along with having the player funds protected under their mandatory trust arrangements. It would seem Full Tilt Poker, along with its new owners, are going to do a good job of keeping their players’ account and funds safe.
There have been many questions about how Full Tilt Poker will reopen, including what they will do with their previous player accounts. As they have decided to stay away from the U.S. market for the time being, they will be catering only to international crowds. They have already started working to reinstate and fund those accounts that were previously frozen by the time they launch, giving the previous Full Tilt Poker players the chance to get their money back, as well as already be part of the new and improved poker site. Another question that has been floating around among the international poker players is which countries they will actually be open to when they launch as thus far, they just specify all non-US players.
This question was quickly and easily answered, as Full Tilt owners stated that they would reopen to most countries around the world with a few exceptions. The Isle of Man gaming license will grant them an international entry into most countries, but Full Tilt does not currently plan to acquire licenses to be able to operate in Italy, France, Denmark, Belgium, Estonia, or Spain. However, as the Rational Group also owns PokerStars and they do cater to those countries, the Full Tilt players will be able to play poker at the PokerStars website for those licenses markets.
On October 31st, Full Tilt launched their website with Play money games, so that their members could start enjoying the great games and services that have always been the reason for their success. They have made changes with the whole system, so it is wise that new and old players upgrade their software and change their password. 4Flush.com is anxiously waiting, as all other players are too, for November 6th and the reopening of the Full Tilt Poker website and services; which is something most players are looking forward to specially when it comes to getting their funds back, of course.
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