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More On Cereus Poker Network

Written On  5/6/11 By Recentpoker.com staff writer  Lenny Wasman :

Unhappy news for Madeira Fjord shareholders
 
Mike Brunker, a knowledgeable and respected MSNBC writer on internet gambling, has revealed more details on the apparently parlous business viability of Blanca Games Inc., the owner of the Cereus Network comprising Absolute Poker.com and UBPoker.com.
 
Black Friday's shutdown by the US Department of Justice  has plunged the company into a financial crisis, it appears from Brunker’s report.
 
The MSNBC writer confirmed persistent industry rumours that Blanca Games and shareholder associate Madeira Fjord may be in financial straits when he revealed that the company had emailed shareholders outlining bankruptcy plans and painting a dismal picture of the corporate finances.
 
According to the Norwegian-registered Madeira Fjord, Blanca Gaming will file for bankruptcy protection in that country. It is claimed that the company admitted it had “no cash on hand and no prospects for any cash flow for the foreseeable future.
 
“Most importantly, Blanca Gaming has provided notice … that it is currently unable to make any payments toward its debt obligations. Additionally, Blanca has further advised that there will be no future payments.”
 
Brunker also reveals that some 95 percent of Blanca staff in Costa Rica - over 300 local employees - were being laid off.
 
On April 15, Absolute Poker founders Scott Tom and Brent Beckley were named in the federal indictment by the U.S. Attorney’s Office for the Southern District of New York, alleging UIGEA and banking offences.
 
Blanca Gaming had not, when InfoPowa went to press, responded to the MSNBC report, but the picture for players holding positive account balances in Cereus sites has to be regarded as gloomy.



Gambling News :

Day 2 of the MPNPT Tallinn Main Event - Day 1b of the MPN Poker Tour 2017 Tallinn Main Event easily surpassed the tournament’s €150,000 guarantee on its own. Yesterday’s 416 entries brought the total number so far up to 522

Michael Myers is back in Halloween Slot Machine - Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.

Joe Fortune new Rewards Program - Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

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