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Full Tilt Poker Receives Isle of Man Operating License; Relaunch Set for Nov. 6, 2012

On Tuesday, the Rational Group announced that Full Tilt Poker has been granted a license by the Isle of Man Gambling Supervision Commission (GSC), allowing the company to provide online poker services from the Isle of Man. The Rational Group, which operates PokerStars and , acquired the assets of Full Tilt Poker in August and will relaunch Full Tilt Poker on Nov. 6 and repay its non-U.S. customers $184 million.

According to a press release from the Rational Group, Full Tilt Poker was granted the Isle of Man license following "thorough scrutiny of the proposed operations by the Gambling Supervision Commission." The GSC says it was also was extremely interested in reviewing the senior management structure that will 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.”

Full Tilt Poker was previously regulated by the Alderney Gambling Control Commission, which stripped the online poker site of its operating license on June 29, 2011. Last month, approximately 30 tons of Full Tilt Poker hardware was transported by military plane from Dublin to PokerStars' headquarters on the Isle of Man. While Full Tilt's headquarters will remain in Dublin, its servers must be located in the Isle of Man in accordance with Isle of Man regulations.

“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.”

PokerNews will provide ongoing coverage of this story leading up to Full Tilt Poker's relaunch on Nov. 6. Follow PokerNews on Twitter for up-to-the-minute news.

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  • wjm1663 wjm1663

    stay away from full tilt. they closed my acct for complaining about another player, who was repeatedly calling other players "nigger bastard". they did nothing about the racist slurs and solved the problem by closing my acct. the isle of man is set up so these thieves can operate and steal from their customers without fear of repercussions from an actual regulatory govt. it is essentially a lawless nation that exists for this purpose. you have been warned, any one who uses this site is crazy. if they were in america i would have sued them for allowing and encouraging such blatant racist behavior.

  • badgerman badgerman

    @scrappyb...could be worse...you might have been an AP/UB player who almost certain to get nothing back whatsoever(like me)...at least you have 'some' prospect for repayment.

  • flintsword flintsword

    Here is the text of the email I received yesterday which outlines the return of FullTiltPoker. I expect the playing incentives to be spectacular. Everyone probably got a similar email.

    Dear flintsword,

    Full Tilt Poker will re-launch under new ownership on November 6th, 2012.

    The Rational Group, which owns and operates PokerStars, acquired assets of Full Tilt Poker in August 2012 and appointed new senior management to re-open and operate the site as a separate brand to PokerStars, providing the online poker community with another high-quality poker platform.

    Following re-launch, you will have complete access to your account - including your full balance - and you can once again play on the innovative online poker platform that made Full Tilt Poker home to serious online poker players.

    This means you'll soon be able to return to the Full Tilt Poker games and tournaments that you've known and loved for years, secure in the knowledge that your experience is now backed by the same account security and game integrity that millions of PokerStars players have trusted for more than 10 years.

    Full Tilt Poker now operates under a license in Isle of Man, which is among the most trusted and rigorous e-gaming regulatory jurisdictions in the world. The Isle of Man Gambling Supervision Commission maintains vigilant standards for e-gaming, particularly the safeguarding of player funds. Information on these standards can be found here.

    Since August, we've been carefully reviewing all Full Tilt player accounts in preparation for re-opening. In the coming weeks we will be completing the restoration of all non-US player accounts including yours, in preparation for re-launch day.

    What this will mean for you:
    normal access to your Full Tilt Poker player account with your current password
    renewed access to all Full Tilt Poker real and play-money games
    access to your total balance without restriction, including withdrawals
    We thank you for your patience during this time. We will update you further as re-launch day approaches. For more information please see our Full Tilt Poker account FAQ.

    In the meantime, we welcome your feedback and ideas to help make Full Tilt Poker your number one poker site - please click here to visit the feedback page.

    Sincerely,

    Full Tilt Poker

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