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 property seized during a raid in his house carried out by the Nevada Gaming Commission, including $900 cash, some 3 BTC and electronic equipment.
According to VegasInc, back in April Attorney General Adam Laxalt said he believed the charges against Micoin were the first of their kind in the state of Nevada.
Gambling image via Shutterstock.