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Ub And Ap Poker Players last For Payments

Thursday August 9,2012 : BLANCA GAMES POKER PLAYERS MAY BE AMONG THE LAST FOR PAYMENT
 
Advisory from the KGC indicates Blanca licence was not renewed in June
 
The Kahnawake Gaming Commission generated extensive media coverage Wednesday with a statement on the situation regarding its former licensee, Absolute Poker and UltimateBet operator and owner Blanca Games.
 
Blanca was impacted badly by the Black Friday closure of Absolute Poker, along with a slew of related companies and brands that included Absolute Poker, Ultimate Bet, Absolute Entertainment SA, Hoop & Javelin Holdings Limited, Lacrosse Holdings Limited, Hoop Payment Solution Services Limited and Morning Bliss Overseas Limited.
 
The now moribund online poker company did not renew its KGC licence when it expired in June, the advisory notice reveals, distancing the Commission from the company and its future activities.
 
Last month the United States Attorney for the Southern District of New York filed a settlement agreement regarding Absolute Poker and associated companies for the approval of the courts, and the KGC advisory references this commenting:
 
"The proposed settlement requires all of Blanca’s assets to be forfeited to the United States. The US Marshalls’ office will be mandated to liquidate Blanca’s assets. However, there will be no distribution of the net proceeds from the liquidation pending the resolution of claims filed by other parties who have asserted an ownership interest in Blanca’s assets.
 
"If the court approves the settlement, and if there are Blanca assets remaining after the resolution of the claims by other parties, it is anticipated that the court will provide a process for players to make claims against those assets. At present the Commission has no information as to how players should make such a claim. However, the general victim information number provided by the US Attorney in Manhattan is 1-866-874-8900."
 
Blanca assets presumably include the software and player bases used by the Cereus Network on which Absolute and UB Poker ran.
 
Founded by internet entrepreneur Stuart Gordon, Blanca Games acquired the Cereus Poker Network in August 2010 for an undisclosed consideration and following the monumental cheating scandals which had in earlier years engulfed the main poker sites on the network.
 
According to press material from Blanca at the time, it agreed to take over network operations, software, and both of Cereus' online poker brands, Absolute Poker and UltimateBet.
 
Gordon commented then: “The acquisition of Cereus is a significant opportunity for us. Cereus is a major platform of well-managed assets. Over the past few years, it has created new brands, like ub.com, that are extremely well-positioned in the most desirable demographic in our market: players in the 20s and 30s age brackets.
 
“From our perspective, we have acquired a large, sophisticated online gaming operation with state-of-the art capabilities, ranging from compliance to business intelligence to online marketing to customer service. We see a tremendous growth opportunity in this deal and beyond, as Blanca seeks additional acquisitions in the market."
 
Gordon, who also founded Bingomania and Helix Gaming, said that Blanca Games was established to make acquisitions in the online gaming industry.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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