Bitcoin Poker Site Operator to Pay $25,000 Fine
The former operator of bitcoin poker site Seals with Clubs was sentenced to two years probation and fined $25,000 today after pleading guilty to the unlawful operation of a gaming site earlier this year. Bryan Micon pled guilty in July after being charged by the Nevada Attorney General's office in the spring. Micon's sentencing hearing took place at 9 am local time in Las Vegas, according to the attorney general's office, which was not immediately available for further comment. At the time he was charged, Micon faced as many as 10 years in prison, and upwards of $50,000 in fines. The....
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Bryan Micon, 37, former operator of bitcoin online poker site "Seals with Cubs" has plead guilty to a criminal charge for operating an unlicensed gambling system and fined $25,000 as terms of his sentence. In a landmark case and ruling involving a case connecting bitcoin and online gambling, the Clark County District Court sentenced Nevada native and professional gambler Bryan Micon to two years' probation along with a fine of $25,000. Bryan Micon. Micon was facing up to ten years in a state prison and a $50,000 fine when he was charged initially. Under the terms, Micon also surrendered....
Bryan Micon, operator of now-defunct bitcoin poker site Seals with Clubs, has agreed to plead guilty to a charge of operating an unlicensed gaming website in Nevada. Micon traveled from his home in Antigua to Nevada earlier this week to face the gaming charge after a warrant was issued for his arrest in April by the Nevada Attorney General's Office. Defense attorney Richard Schonfeld told the Las Vegas Review-Journal that Micon will serve an as-yet-unspecified probation term and pay a fine of $25,000. He will also forfeit assets seized when Nevada Gaming Commission agents raided his home....
Bryan Micon, operator of the closed down bitcoin-fueled poker site Seals With Clubs, has been charged by the Nevada Attorney General with operating an unlicensed gambling enterprise, and faces up to ten years in prison and a US$50,000 fine. Hoping to be able to cover his legal expenses, Micon has since launched a defense fund. It first became evident that something was amiss at Seals With Clubs in February of this year, as the site indicated it would be shutting down, which was at the time attributed to unspecified operational security concerns. Several days later, Micon uploaded a YouTube....
The former operator of a bitcoin poker site has plead guilty to one count of operating an unlicensed gambling site in the state of Nevada, reports say. Having avoided a maximum sentence of 10 years in prison, Bryan Micon, who ran the now-defunct Seals with Clubs, will have to pay a $25,000 fine and serve a probation term, VegasInc reports. If he completes his probation, Micon will instead be able to plead guilty to one gross misdemeanour count of conspiracy for running an unlicensed gambling site. The duration of his probation is yet to be determined. Micoin will also have to give up....
A major online poker website has been buying millions of dollars of bitcoin every day to meet demand from players wanting to cash out in bitcoin. This amounts to $100 million in bitcoin a month as about 95% of players now demand payouts in the cryptocurrency. Poker Site Buys $100 Million of Bitcoin Demand for bitcoin payouts has been rising, particularly after the recent price rally. One of the largest online poker websites, Winning Poker Network (WPN), has been buying millions of dollars worth of bitcoin in recent weeks from OTC desks to meet players’ cashout demand, Bloomberg....