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Do Frat Boys Still Own Absolute Poker ?

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 the process questions that have been asked for years regarding the AP ownership may well be answered.

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Gambling News :

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.

NYX Gaming Group Expanding in Italy - NYX Gaming Group says its continues to bridge the gap between online and land-based operators as it announced a new licensing deal in the Italian market.

Interwetten Q3 2016 Report - In a brief third quarter 2016 report, Malta-headquartered online gaming company Interwetten reported strong growth across all verticals, with an emphasis on online casino revenues.

Evolution Gaming Q3 2016 Report - Evolution Gaming Group AB delivered in its third quarter 2016 results reporting strong growth in revenue and a significant increase in mobile penetration. The company attributes is success to strong general growth and continued high demand for dedicated environments.

Ladbrokes Donates to Gamcare’s new Youth Program - UK gaming firm Ladbrokes has pledged GBP 180,000 to Gamcare’s new Youth Program over 2016 and 2017, following a visit by chief executive officer, Jim Mullen.

Dragonz Slot Launches - #Dragonz The creatures in this 243 ways to win game engage with play during the free spins round, triggered by three or more scatters on the reels, and each character leads four different free spins rounds.

Mecca Launch Instant Win Games - IWG has provided instant win content to lotteries for the past 15 years, amassing a portfolio of over 250 games. Its deal with Mecca signifies a move into the wider online gaming industry, servicing commercial brands and platforms.

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