..

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

Seminole Hard Rock Hotel & Casino Hollywood Announces Winner of 2020 Lucky Hearts Poker Open

Seminole Hard Rock Hotel & Casino Hollywood Announces Winner of 2020 Lucky Hearts Poker Open

Seminole Hard Rock Hotel & Casino in Hollywood, Fla. concluded its 2020 Lucky Hearts Poker Open (LHPO) Wednesday. Besting 843 entries in the WPT NLH Championship, Brian Altman, of Boston, Mass. made history by winning his second career WPT LHPO title for $482,636 plus a $15,000 entry into the season-ending Baccarat Crystal WPT Tournament of Champions.

Anonymous Claims Alleged Poker Cheater Mike Postle Played at Other Casinos

Anonymous Claims Alleged Poker Cheater Mike Postle Played at Other Casinos

Rounder Life magazine has continued its ‘investigation’ into the Mike Postle scandal by publishing an article that claims an ‘unnamed’ manager at an ‘unnamed’ casino played ‘hundreds of hours’ against the alleged cheat…

Online Super Series Cub3d IX Returns February 9th to March 8th

Online Super Series Cub3d IX Returns February 9th to March 8th

Americas Cardroom has your Online Super Series Cub3d IX returning February 9th to March 8th.

California Attorney General Orders Shutdown of Magnolia Card Room

California Attorney General Orders Shutdown of Magnolia Card Room

Attorney General Xavier Becerra has ordered the shutdown of a California card room out of concerns that the establishment is ‘seriously underfunded’ and will be unable to pay poker players.

Ho Yeah! Winstar World Resort and Maria Ho on How to Play Pai Gow Poker

Learn the basics from WinStar World Casino and Resort Ambassador and Pro Card Player, the amazing Maria Ho.

Syndicate