"AGCC Commissioners, sitting as a tribunal, have today revoked the licences of Vantage Limited, Filco Limited and Oxalic Limited, trading as Full Tilt
Poker (FTP), with immediate effect. This follows the earlier suspension of the licences on 29th June 2011.
"At a hearing held in London over six days, it emerged that FTP had fundamentally misled AGCC about their operational integrity by continuously reporting as liquid funds balances that had been covertly seized or restrained by US authorities, or that were otherwise not actually available to the operator.
"Serious breaches of AGCC regulations include false reporting, unauthorised provision of credit, and failure to report material events.
"At the commencement of these proceedings on 26th July AGCC made clear its preference to hold the hearing in public, to the benefit of players and media alike.
"However, the tribunal was persuaded that the hearing should be held in camera on the basis of claims by FTP that this would maximise the chance of a commercial rescue of the business for the benefit of players. For this reason an adjournment of 54 days was allowed.
"It is important to note that the revocation of FTP’s licences does not, as has been suggested, prevent a reactivation of the business under new ownership and management.
"Unresolved claims by players against FTP become a matter for the police and civil authorities. Now that FTP’s licences have been revoked, AGCC no longer has jurisdiction over these companies.
"The licence of Orinic Limited, a recently added geographic sub-division of the FTP
poker room, remains suspended."
; 2) the brand itself- that is name Full Tilt 
obviously brand has some value- and if someone gets the chance to buy the brand without the obligation to buy back money to players they will jump in for sure 
