Last Friday August 5, the Alderney Gambling Control Commission (AGCC) confirmed that Full Tilt Poker has paid their overdue licensing fees of over $400,000.

The AGCC statement reads: “As a result of the AGCC’s investigations the decision was taken on June 29th, 2011 to suspend the licenses of the companies collectively trading as FTP. The AGCC has also imposed a condition that requires the licensees comprising FTP to arrange for the ring-fencing of identified players’ funds under their control.

“On July 26th, 2011, the AGCC held a public hearing to consider allegations arising from the investigation. At the hearing the Commissioners of the AGCC, acting as a tribunal, decided to adjourn the hearing to a date no later than September 15th, as they felt that this was in the best interest of the players using FTP’s services.

“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. Further details regarding the exact date and venue of the next hearing will be announced as soon as possible.”

Full Tilt’s hearing has been adjourned to Sepetember 15. This allows Full Tilt Poker to finalize negotiations with an interested investor after which there will be a private hearing between Full Tilt and AGCC.

Full Tilt’s AGCC license will remain suspended pending the outcome of a hearing, however the Commission has confirmed that the license is valid until the date of the hearing.

In the meantime, the Kahnawake Gaming Commission (KGC) has confirmed the granting of a seconday gaming license to Full Tilt. The two year renewal was granted since AGCC confirmed the validity of Full Tilt’s license.

This could be very good news for Full Tilt players who are waiting for payments. The secondary gaming license will make things simpler in finding an investor.