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Do Frat Boys Still Own Absolute Poker ?
Tuesday September 11, 2012 : 'FRAT BOY' FOUNDERS STILL OWN ABSOLUTE POKER ASSETS?
Covering up the money and ownership trail can come back and bite you...
Legal exchanges last week between lawyers representing the "frat boy" founders of Absolute Poker and the Department of Justice appear to reveal that the founders are using the Madeira Fjord subsidiary Avoine in their attempts to stop the Justice Department from taking possession and selling off Absolute Poker assets like the player base and the software, claiming they remain the owners.
The irony of this situation is that the founders allegedly devoted considerable time and resources to create misleading ownership and money trails that included ownership changes involving Absolute Enterprises, Tokwiro Enterprises and Blanca Games!
The South Korean software company Panoratech has reportedly been embroiled in the controversy; it has been claimed that the company supplied technical assistance to AP and received a share of the online poker room revenues as a consequence, and that it holds a copy of the AP software - the founders claim wrongfully. The Koreans have apparently offered to turn the software over to the Department of Justice.
The interaction between the lawyers representing Avoine's interests and the Department of Justice appear set to continue as the debating sides seek to convince presiding Judge Leonard Sand of the righteousness of their arguments...in the process questions that have been asked for years regarding the AP ownership may well be answered.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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