FTP Subsidiary, Orinic Limited, Withdraws Application with AGCC
On Wednesday, just one day after Groupe Bernard Tapie (GBT) announced that its long-negotiated deal to acquire Full Tilt Poker had fallen through, the Alderney Gambling Control Commission released a statement that FTP subsidiary Orinic Limited had withdrawn its request for a Category 2 gaming license.
According to the statement:
In the matter of an application by Orinic Limited for a Category 2 eGambling licence
TAKE NOTICE
that Orinic Limited has, pursuant to Regulation 28(1) of the Alderney eGambling Regulations, 2009, withdrawn its application dated 23rd March, 2012 for a Category 2 eGambling licence.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.
The announcement does not come as a surprise considering GBT has exited the running for the online site. This has fueled speculation that PokerStars is attempting to acquire Full Tilt Poker, though there has been no confirmation.
However, Eric Hollreiser, head of corporate communications for PokerStars, posted the following comment on the PokerStars Blog on Tuesday:
��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.��
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