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More Poker Black Friday Fallouts

Courts refuse to block takeover of credit union implicated in online poker indictments
 
The federal indictments against online poker activity in the United States claimed another victim this week when the US government's National Credit Union Administration imposed a conservatorship on Vensure FCU, a $4.7 million credit union allegedly linked with the online poker sites.
 
U.S. Judge Rosemary Collyer refused to grant Vensure a temporary restraining order in a Washington court, citing federal law, which gives the NCUA extraordinary powers to take over and liquidate federally insured credit unions.
 
NCUA has never lost a court challenge to its conservatorship powers.
 
Mesa, Arizona-based Vensure's legal team argued that the NCUA takeover threatens the existence of the credit union and of its chief corporate sponsor, Vensure Employment Services.
 
Evidence was led that only hours after the indictments were unsealed by federal enforcement authorities in New York, the NCUA imposed its authority over Vensure, freezing an account that allegedly processed $25 million a day in automated clearinghouse transactions for the two biggest online poker websites, PokerStars.com and Full Tilt Poker.
 
Vensure lawyers told the judge that their client has made moves to terminate its relationship with the poker sites and is capable of surviving without those revenues, which made up the vast majority of its business last year.
 
They expressed concerns that the NCUA would liquidate the company whilst its CEO and four employees were on NCUA-enforced leave with full benefits.
 
Media reports on the case claim that the NCUA knew all along of Vensure's gambling connections and core business, warning the company in January this year to cease and desist its gambling
ties, which the Vensure board voted to do later that month. At that point it is claimed that Vensure notified the online poker sites of its intention to terminate its processing agreement within 180 days.



Gambling News :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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