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
Absolute Poker, UB Drop Sponsored Pros
“Recently, Absolute Poker and UB ceased their U.S.-facing operations due to legal developments in the United States,” reads a statement from parent company, Blanca Games. “To ensure the on-going viability of the business, it has been necessary to downsize certain aspects of Absolute Poker’s and UB’s operations. These efficiency measures have been taken to enable the brands to continue to operate their non-U.S.-facing business.
UB Poker Lays Off Entire Team of Sponsored Pros
The fallout from Black Friday just keeps getting worse for the Cereus Poker Network. Today the site announced it is letting go its roster of sponsored pros representing both UB and Absolute. A press release from Cereus’ parent company, Blanca Games, revealed that Joe Sebok, Prahlad Friedman, Eric Baldwin, Maria Ho, Brandon Cantu, Tiffany Michelle,
UB, Absolute Restructure, Refute Bancruptcy Reports
While several news outlets and online poker affiliate sites with news-like content reported the sites were filing for bankruptcy Wednesday, the site’s parent company, Blanca Games Inc., has issued a statement claiming they are simply restructuring. “As previously stated, Absolute Poker and UB ceased their U.S.-facing operations due to recent legal developments in the United States,” the statement reads. “The company is currently restructuring and is focusing its resources on consolidating its non-U.S., rest-of-the-world operation and software business.” April 15, the Manhattan U.S
Gaming Manufacturers Refuse to Declare Online Poker Dead
“A funeral procession today would be premature as federal lawmakers may more immediately take up the issue as several congressional leaders back the legalization of limited forms of online gambling, specifically Internet poker,” reads a release from the group that includes Shuffle Master automatic card shufflers. “In the interim, casino operators and their gaming suppliers take another wait-and-see approach in an evolving race of techhnology and innovation.” April 15, the Manhattan U.S. Attorney charged the principals of three of online poker’s biggest sites with bank fraud, illegal gambling and laundering billions of dollars
Post-Indictment Cashouts Begin on PokerStars
April 15, the Manhattan U.S. Attorney charged the principals of three of online poker’s biggest sites with bank fraud, illegal gambling and laundering billions of dollars.
Post-Indictment Cashouts Begin on PokerStars
April 15, the Manhattan U.S. Attorney charged the principals of three of online poker’s biggest sites with bank fraud, illegal gambling and laundering billions of dollars. In all, 11 defendants were charged, including PokerStars’ Isai Scheinberg, Fill Tilt Poker’s Ray Bitar and Absolute Poker’s Scott Tom
Absolute Poker Issues First Statement on Indictments
The Manhattan U.S.
PPA Says Fight For Online Poker Just Beginning
Friday, the Manhattan U.S.
Regulators React to Online Poker Indictments
Friday, the Manhattan U.S. Attorney charged the principals of three of online poker’s biggest sites with bank fraud, illegal gambling and laundering billions of dollars. In all, 11 defendants were charged, including PokerStars’ Isai Scheinberg, Fill Tilt Poker’s Ray Bitar and and Absolute Poker’s Scott Tom.