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Full Tilt Pays Off Outstanding License Fees

By Ian Hiaring, Rakeback.com Poker News Staff Writer

Full Tilt PokerOne small piece of news emerged last week in the ongoing saga of Full Tilt Poker and its troubles.

As a result of the hearing held by the Alderney Gambling Control Commission (AGCC) in London last month, it became known that Full Tilt Poker owed over $400,000 in outstanding license fees. According to a lawyer for Full Tilt, the fees have gone unpaid over the last few months because the company believed that there wouldn’t even be a license available to them after the suspension.

Well there must be a little bit of light at the end of Full Tilt Poker’s deep and dark tunnel, because the AGCC announced that the fees have been paid and are current.

What does this mean for the hundreds of thousands of players looking to get their money back from Full Tilt Poker? Well, nothing yet, but this statement from the AGCC certainly sheds some light on the situation.

"The recent payment of overdue license fees by FTP is also in players' best interests since it allows commercial negotiations to take place that might result in a successful refinancing deal."

It’s clear that getting the license fees paid up was a prerequisite of sorts that needed to take place before the much rumored “White Knight” can swoop in and save Full Tilt Poker from demise.

We’ll stay on top of the story for you and keep you up with the latest news on this story as it happens.

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