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Tuesday, October 25, 2011 : Complaining players reassured that moves are afoot to achieve a "financially beneficial solution."
The Kahnawake Gaming Commission's dispute management moved this week to assure aggrieved Absolute Poker and UltimateBet players that the jurisdiction is working to achieve a "financially beneficial solution" to their cases, and that a breakthrough may be imminent.
Severely impacted by the Black Friday actions in the United States, the two sites on Blanca Gaming’s Cereus network have been making some payments to non-US players, and hopefully trying to secure the release of US funds to pay American players.
In an email to complaining punters, the KGC spokesperson wrote:
"The KGC has continued to work tirelessly to achieve a financially beneficial solution for players. In order not to jeopardize the ongoing negotiations, we have not been able to provide the regular updates we would have liked to.
"Since the April 15 indictments concerning Blanca (UB and AbsolutePoker), the KGC has continually monitored the overall situation. Special emphasis has always been placed on the player funds at Blanca [Gaming].
"We are pleased to advise you the legal negotiations are nearing completion, we expect to provide a formal advisory very shortly, as always player balances are the Commission's highest priority.
"The KGC will post advisories on as information becomes available for public release."

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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