AP Co-Founder Brent Beckley Pleads Guilty to Black Friday Charges
After several months with little to no news on the whereabouts or standing of Absolute Poker and Ultimate Bet, Absolute Poker co-founder Brent Beckley made headlines in the mainstream press by turning himself in to authorities and pleading guilty to counts of conspiracy to violate the Unlawful Internet Gambling Enforcement Act (UIGEA) and conspiracy to
Absolute Poker Co-Owner Pleads Guilty
Beckley, one of the co-founders of Absolute Poker along with Scott Tom, appeared in Manhattan court today according to Bloomberg News and admitted to conspiring to break U.S. Internet gambling laws and conspiracy to commit bank fraud and wire fraud. The maximum prison sentence for bank fraud is 30 years but Beckley will likely serve 12-18 months under his plea agreement, Reuters says
Judge Sets Trial Date for Black Friday Indictments
Presiding over a hearing today in Manhattan engineered by the lawyers of two of the lower-profile defendants in the case – Chad Elie and John Campos – Kaplan also said chances of dismissal of the cases are slim. “I think it extraordinarily unlikely the entire indictment will be dismissed,” U.S. District Judge Lewis Kaplan said at the hearing, according to the report in Bloomberg Business Week .
Party Poker Angling for Return to US Market
According to an i nterview with Ryan published on Forbes.com , Ryan has been actively seeking partnership deals with at least two US companies over the last five weeks and has been driving a major point home in his presentation: Full Tilt and PokerStars are out and bwin.Party, the world’s largest publicly-traded online gambling company, is in. “My focus is on the U.S.” Ryan told Vardi
The Week That Was: 2011 WSOP, UB Fires Pros, EPT Grand Final and More
This week, the World Series of Poker made some major announcements regarding the 2011 WSOP in the US and Europe, a formerly US-facing site released their team of sponsored players, the European Poker Tour concluded their seventh season with the Grand Final from Madrid and more news from around the poker community. Details announced for 2011
AGA Calls For Regulated Online Poker in the U.S.
The AGA released a new white paper Thursday entitled Online Gambling Five Years After UIGEA warning of the growing risk to U.S. consumers under the U.S. government’s current Internet gambling policy and detailing technology, methods and processes that have proven effective in mitigating the legal and social risks of online gaming.
Absolute, UB Reach Agreement with DOJ, Players Funds Still in Limbo
“Absolute Poker has reached an agreement with the United States Attorney’s office for the Southern District of New York,” reads a statement from the sites. “Under the agreement, the US Attorney’s Office has agreed to provide all necessary assurances that third parties may work with Absolute Poker to facilitate the return of funds to players located in the U.S. This provision is an important step to returning U.S
Absolute Poker Reaches Agreement with Department of Justice, Closes US Operations
After earlier reports Full Tilt Poker converted some tournament tickets to cash and deposited payments from the Take Two promotion into player’s accounts, Absolute Poker and UB Poker made their own announcement Tuesday they have reached an agreement with the US Attorney’s office in the Southern District of New York. According to the agreement, the