The Wikipedia Microgaming entry makes interesting reading:
In late February 2008, twenty-seven Microgaming-powered poker rooms closed when their licensee Tusk Investment Corporation Limited went into insolvent liquidation, leaving all players who had funds in those rooms to claim as unsecured creditors in the liquidation.
It is not yet known whether players will recover any of their money.
It is not yet known whether players will recover any of their money.
So, what happened?" Find Out More Here..
Related Information:
Currency Converter (9 million australian dollars, 5.3 million us dollars, 2.5m uk pounds)
I've re-done the article for Midas Oracle:
Microgaming poker trouble: $5,300,000 owed to players
100% Gambler @ 7:24 pm, March 31, 2009