Full Tilt Poker subsidiary Orinic Limited has withdrawn its application for a gambling license with the Alderney Gambling Control Commission. The public hearing that was scheduled to take place on the 3rd of May has also been cancelled.
The withdrawal of the application was a result of the news that Groupe Bernard Tapie’s bid for Full Tilt fell through due to unresolvable legal issues with the U.S. Department of Justice.
Orinic Limited was in a position to apply for a gambling license because it unlike its sister companies, it only received a suspension and not a revocation of their license because they had not begun trading at the time.
Despite having set up companies in Ireland and Malta and initiating a hiring process for Full Tilt, with the license appication withdrawal, Groupe Bernard Tapie appears to have fully pulled from any further negotiations, leaving the door open for PokerStars who are rumoured to have struck a deal with the DOJ to take over Full Tilt with a bid worth €750 million.
Although nothing is officially confirmed by PokerStars, this news would be welcome to the players who have been waiting to be reunited with their Full Tilt poker balances.