..

Absolute Poker, UB.com Issues Statement Regarding Indictments

Written by:
Guest
Published on:
Apr/21/2011
UB.com Announcement Indictments

Absolute Poker, including the UB (formerly Ultimate Bet) brand, hereafter "Absolute Poker," issued the following statement today:

"Absolute Poker has retained Blank Rome LLP as United States counsel to provide legal advice in relation to civil and criminal matters filed in federal court in Manhattan and made public on April 15, 2011. Absolute Poker is aware that on April 19, 2011, the US Attorney for the Southern District of New York entered into separate agreements with FullTilt Poker and PokerStars. These agreements concern the use of the respective www.fulltiltpoker.com and www.pokerstars.com domain names. The US Attorney, in a press release dated April 20, 2011, stated that the government is willing to enter the same agreement with Absolute Poker and UB.

"At this time, Absolute Poker's top priority is, and must be, the refund of balances to its and UB's US players. However, given the far-reaching consequences of the US Attorney's actions for Absolute Poker and for the entire poker community, Absolute Poker believes that the responsible course of action is to review with its attorneys the relevant court filings before taking any action.

"Absolute Poker believes that the US Attorney shares the view that refunds to US players are an immediate and pressing concern, and Absolute Poker wishes to make clear that it wants to work cooperatively with the US Attorney to safely and efficiently return its players' funds. To that end, Absolute Poker's counsel has initiated communications with the US Attorney's office and plans to continue proactively advancing those discussions.

"Further information and timely updates will be provided to Absolute Poker/UB's players as we move forward."

 

Gambling News

Sports Betting Has Been Big Business for States

Sports Betting Has Been Big Business for States

The numbers don't lie.  Since a handful of states legalized sports betting over the past two years, the take has been staggering.

"Tony Meatballs" and Others Indicted for Sports Betting, Heroin Distribution, More

"Tony Meatballs" and Others Indicted for Sports Betting, Heroin Distribution, More

More than a dozen alleged mobsters have been charged as part of a sweeping federal indictment unsealed on Monday including one 72-year-old named Anthony “Tony Meatballs’’ Gifoli.

Atlantic City Casino Earnings Fall 37% Amid Pandemic Limits

Atlantic City Casino Earnings Fall 37% Amid Pandemic Limits

Atlantic City’s casinos saw their collective profits fall by more than 37% in the third quarter of this year as they reopened with capacity limits and costly measures designed to stem the coronavirus pandemic.

The Rise of Virtual Esports Betting in 2020

The Rise of Virtual Esports Betting in 2020

At the beginning of 2020, the sports betting industry found itself in a position they’ve never experienced before. Out of a sudden, all sports events were cancelled, without any predicatble future insight.

GLI Insights on How to Navigate Future of Gaming at Betting on Sports America

Gaming Laboratories International (GLI®) will host a roundtable at next month’s Betting on Sports America - Digital that will focus on the industry’s evolving product and service offerings. 

Syndicate