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Absolute Poker To Surrender Assets To DOJ
Wednesday August 1,2012 : ABSOLUTE POKER ET AL TO SURRENDER ASSETS (Update)
Lawyer confirms deal with US Justice Department
Yesterday's report that Absolute Poker et al has also reached an agreement with the US Justice Department has been confirmed by company legal representative Jerry Bernstein, who told US media Tuesday that the deal included the forfeiture of Absolute Poker's remaining assets to the government.
"Our hope and expectation is that the proceeds of the forfeiture will be used to repay our players," Bernstein said, although he could not say how much was owed to US players at the now moribund websites of Absolute Poker and Ultimatebet.
Companies named in yesterday's order of settlement submitted by the US Attorney's Office for the Southern District of New York include Absolute Poker, Ultimate Bet, Absolute Entertainment, S.A., Blanca Games, Inc., Hoop & Javelin Holdings Limited, Hoop Payment Solution Services Ltd., and Morning Bliss Overseas Ltd.
The Order specifically notes that the agreement between the parties is not an "....admission of culpability, liability, or guilt on behalf of the Absolute Poker Group.”
In return for the assets, the government will drop civil money laundering claims against the companies named above, dismissing these "with prejudice".
However, the civil money laundering claims against Blue Water Services Ltd., Trust Services Ltd., SGS Systems Inc. and Fiducia Exchange Ltd., are excluded from the dismissal and remain pending.
The US government has already indicated that it intends to liquidate the forfeited assets in order to entertain claims by other parties and owed US poker players.
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 -
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