G2 Esports have released a statement claiming that the organisers behind Gaming Paradise have informed them that they will not receive their prize winnings from the event.

It was G2, then still branded as Kinguin, who won the disastrously run Gaming Paradise event back in early September and who thus earned approximately $30,000 as a first place prize.

G2 have now released a statement claiming that in the course of their communication with The Gaming Resorts (the company behind Gaming Paradise), they were eventually informed that the prize funds involved "will probably not be paid."

The G2 (then called Kinguin) team which won Gaming Paradise

The organisers further went on to state that even recourse to legal action may be unhelpful:

"The Gaming Resorts claims that the company holds no assets to cover losses, and as such, will automatically be declared bankrupt within the next three months. It adds that, even if the case goes to court, G2 and the other interested parties will not receive the prize money they are owed," G2 claimed.

The supposed prize-pool for Gaming Paradise 2015 (and final standings) which will not be paid out was:

1. Kinguin - $30,000
2. Null element Na`Vi - $15,000
3. Titan - $5,000 
4. Virtus.pro
5-6. mousesports
5-6. E-frag.net
7-8. CSGO-Saloon
7-8. MiA 

Despite such grim (and quite expected) news, G2 have added that they will continue to work with other teams to ensure that the prize-pool is somehow payed out and legal transgressors are held responsible.

stich writes for HLTV.org and can be found on Twitter