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ABSOLUTE POKER IN THE NEWS AGAIN
Thursday June 7, 2012 : ABSOLUTE POKER IN THE NEWS AGAIN (Update)
Norwegian connection revitalises interest in Madeira Fjord
Investigative journalist Haley Hintze's blog over the weekend provided interesting reading as she reported on the latest developments in the legal manouevreing around the erstwhile parent company of Absolute Poker, the Norwegian registered Madeira Fjord AS.
Our readers will recall the furore that surrounded Madeira Fjord's bankruptcy and subsequent tax claims from the Norwegian government totalling the equivalent of some $30 million, incurred as a consequence of international money transfers to the Norwegian company.
The Norwegian bankruptcy courts have been trying to sort through the complicated international wheeling and dealing ever since, and Hintze reports that in late February this year the process came back to the United States with a request from Norwegian lawyers through their American counterparts for assistance from a US District Court in Illinois.
The Norwegians are seeking documentary evidence and a statement from former Madeira Fjord chairman Ron Janusz, and it appears that the court is cooperating by issuing subpoenas.
The Norwegians claim that Chicago-resident Janusz has ignored their best efforts to secure his help with documents concerning Madeira Fjord and a related Portuguese entity, Avoine - Servico de Consultadoria e Marketing.
"Correspondence with at least two dozen legal and corporate firms affiliated with Absolute Poker was also targeted by the subpoena," Hintze reports.
Janusz's response to the subpoenas has been to lawyer-up with a New York legal firm, and he has thus far not complied with the subpoenas. The issue will be heard in the Illinois court next week (June 14) and is sure to resurrect some interesting details around one of online poker's most shameful episodes.
Hintze details some of the multi-million dollar issues that are likely to emerge at the hearing at: http://haleyspokerblog.blogspot.com/
It may even shed some light on the oft-speculated acquisition of Absolute Poker and sister UBPoker by Joseph Tokwiro Norton, and subsequently Stuart Gordon of Blanca Games.
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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.
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.
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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