Tuesday, October 25, 2011 : Complaining players reassured that moves are afoot to achieve a "financially beneficial solution."
The Kahnawake Gaming Commission's dispute management moved this week to assure aggrieved Absolute Poker and UltimateBet players that the jurisdiction is working to achieve a "financially beneficial solution" to their cases, and that a breakthrough may be imminent.
Severely impacted by the Black Friday actions in the United States, the two sites on Blanca Gaming’s Cereus network have been making some payments to non-US players, and hopefully trying to secure the release of US funds to pay American players.
In an email to complaining punters, the KGC spokesperson wrote:
"The KGC has continued to work tirelessly to achieve a financially beneficial solution for players. In order not to jeopardize the ongoing negotiations, we have not been able to provide the regular updates we would have liked to.
"Since the April 15 indictments concerning Blanca (UB and AbsolutePoker), the KGC has continually monitored the overall situation. Special emphasis has always been placed on the player funds at Blanca [Gaming].
"We are pleased to advise you the legal negotiations are nearing completion, we expect to provide a formal advisory very shortly, as always player balances are the Commission's highest priority.
"The KGC will post advisories on www.gamingcommission.ca as information becomes available for public release."