• Hope for Absolute/UB Payout?

    The Kahnawake Gaming Commission, regulator of shut-down online poker sites Absolute Poker and Ultimate Bet, says a “potential solution” to compensate players may be close to reality. Players’ money has been in limbo since Black Friday. The Commission recently stated that it has been “in close and regular discussions” with Blanca Games, the sites’ owner. Antigua-based Blanca Games acquired the Cereus Poker Network in August 2010.

    “Over the past several weeks, we were advised of a process to liquidate Blanca’s assets and distribute proceeds to players. We understand that this process has been presented to SDNY for consideration and approval.”

    The announcement comes after an amended complaint was filed in late September seeking the forfeiture of some assets and $500 million in penalties for alleged violation of the Unlawful Internet Gambling Enforcement Act (UIGEA), bank and wire fraud and money laundering.

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