..

Breaking: Absolute Poker and UB to focus on Non-U.S Markets and Software Biz

Written by:
Guest
Published on:
May/03/2011
UB.com

Note:  This is the official statement released by UB.com, Absolute Poker and Blanca Games Inc. by their Public Relations Department directly to Gambling911.com. 

BREAKING NEWS FROM GAMBLING911.COM:  Blanca Games Inc., owner and operator of online poker rooms Absolute Poker and UB, issued the following statement today:

Absolute Poker and UB ceased their U.S.-facing operations due to recent legal developments in the United States.  The company is currently restructuring and will focus its remaining resources on consolidating its non-U.S., rest-of-the-world operation and software business. Unfortunately, this also means an immediate need to downsize and streamline operations significantly at both online poker rooms, with a view of becoming more efficient in the way the business is conducted.

Today’s decision has not been made lightly, or in haste. It comes after considerable review and analysis of the impact that ‘Black Friday’ has had on the business as a whole. All affected employees have been informed of this necessary restructure, and staff will be reduced across several areas of the business.

A company spokesperson said: “We regret that we have been compelled to take these actions.  We have worked tirelessly to create a truly amazing company that is filled with extraordinary people. We have always been and still remain fully committed to our employees and players. At the same time, we are confident that this restructuring will strengthen the company and its future.”

In addition, the company’s legal counsel is in continuing discussions with the U.S. Attorney’s office to formalize an agreement that would facilitate the return of funds to U.S. players. Further information and timely updates will be provided to players moving forward as our legal team works to resolve the outstanding issues.

Poker News

Mike Postle and Justin Kuraitis Finally Speak Out on Cheating Scandal

Mike Postle and Justin Kuraitis Finally Speak Out on Cheating Scandal

Mike Postle has finally spoken out after a year of allegations lodged against the poker pro that he had cheated during live streaming events at the Stones Gambling Hall outside of Sacramento, California.

Mike Sexton Passes Away

The poker world has lost a giant with news of the passing of player, commentator and game ambassador Mike Sexton late Sunday night.

Reactions Pour in From All Over Poker World to News of Mike Sexton Terminal Illness

Reactions Pour in From All Over Poker World to News of Mike Sexton Terminal Illness

Here are reactions from fellow poker pros that the Poker Hall of Famer Mike Sexton is in home hospice as his prostrate cancer has spread to other organs.

 

Mike Sexton in Home Hospice as Cancer Spreads

Linda Johnson, known as "The First Lady of Poker" disclosed via Twitter Tuesday evening that professional poker player and commentator Mike Sexton is in home hospice.

$50 Million Poker Series with $5 Million PKO Main Event

$50 Million Poker Series with $5 Million PKO Main Event

If you play poker you do not want to miss out on this! One of the most exciting poker formats ever has arrived at Americas Cardroom, and its worldwide debut will blow you away.  Wave after wave of PKOs are coming your way.

Syndicate