Rico says you win some, you lose some, according to an AP article in
The New York Times:
Nevada gambling regulators have revoked the license of Full Tilt Poker, a popular website that once offered gambling to thousands of players around the world, saying the site had misled officials about its financial operations.
The revocation was made by the Alderney Gambling Control Commission on the British Channel Islands. The move, according to Full Tilt, put in jeopardy a plan outlined by a lawyer for Full Tilt to repay millions of dollars in player funds that had been in limbo since the site was first shut down to Americans in April, when its executives were indicted in the United States.
Andre Wilsenach, executive director of the commission, said in a statement on its website that Full Tilt reported balances that had been seized or restrained by United States authorities as liquid funds, and gave unauthorized loans and failed to report material events.
Full Tilt said in a news release that the revocation would make it more difficult to execute a sale and repay players. A lawyer for Full Tilt based in Washington, A. Jeff Ifrah, did not return messages seeking comment.
Rico says the site has a stern notice on it now:
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