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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.



Gambling News :

MLB Odds: Stroman Gets the Nod Against Royals - The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.

Microgaming in bingo software deal with Marathonbet - Marathonbet’s loyal customers will now be able to enjoy an extensive Bingo offering – marking another big expansion of its online gaming collection.

Microgaming QuickFire enters Coloumbia - Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.

Partypoker to sponsor WSOPC Uruguay - Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.

MLB Odds: Jays Hope to Spoil Orioles’ Visit - The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.

Money Storm Casino - Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.

Big Online SLot Win on Ultimate 10X Slot - At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000

MPN Greatest Poker Player in the Universe - The MPN announces the third annual Universal Championship of Poker (UCOP III), boasting €750,000 guaranteed across 59 tournament events this September

PartyPoker Exits Australia - From 31st August 2017 partypoker players will no longer be able to play from Australia. Players’ deposited funds are safe and available for withdrawal.

Mercury Poker Live on Indian Poker Network - Mercury Poker Live on MPN's Indian Poker Network. MPN India, established in 2015, is a ring-fenced poker network dedicated to the Indian market and operating exclusively in Indian Rupees.

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