In a statement Thursday, AGCC's decision to revoke its license has hindered the sale of the company to potential investors and thus shows “disregard for our players” and a “blow” to negotiations. 2o3m2
The statement, released on PokerStrategy.com, claims than an investor, in “advanced negotiations with the company,” testified at the hearing and outlined the and conditions of a potential purchase.
But the 30-day adjournment requested by Full Tilt, “to allow for transition of the company to the new investment team,” was denied, demonstrating a “disregard” for what Full Tilt believed was a “collaborative effort with the Commission to repay its players.”
The statement contradicts the earlier words of the AGCC, who underlined the fact that “the revocation of FTP’s license does not … prevent a reactivation of the business under new ownership and management.”