Besieged online gambling site Full Tilt Poker has had its licence revoked.
The move comes after the Alderney Gambling Control Commission (AGCC) held a hearing about the US-run site, which is registered on the Channel Island of Alderney.
The AGCC said that the owners of Full Tilt Poker had misled authorities over the amount of cash to hand.
This month, the US accused the firm of being a "global Ponzi scheme" that defrauded players out of $440m (£289m).
Full Tilt Poker's licence was suspended by the AGCC in June.
Full Tilt Poker "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," the regulator said.
The AGCC said the revoking of the licence did not prevent new owners from rescuing the business. |