Wednesday, 11 May 2011
Absolute Poker and UB.com's American players could be one step closer to getting their money back after the sites reached an agreement with the Department of Justice.
The deal with the US Attorney's Office means that third parties may work with the sites to facilitate the return of funds to US players which are currently held by third party processors. It's not all good news for players though as a statement released last night confirmed that the sites 'still faces several legal issues which must be navigated before funds can be paid out to US players,' the upshot being that player funds, 'will not become immediately available for withdrawal as a result of today’s agreement with the DOJ.'A spokesman from Blanca Games, parent company of Absolute Poker and UB.com said, “Today’s signing of the agreement with the DOJ is an important step towards the safe and efficient return of funds to our US players. We can now move as expeditiously as possible to collect player monies from third party processors as a prelude to establishing proper mechanisms for the return of funds to our US players. As previously announced, we have already taken specific actions to exit the US market by closing our US-facing operations. Blank Rome LLP will continue to engage in discussions with the SDNY in order to complete the necessary agreements for the final transfer of frozen fund balances to our US players. This remains our highest priority. We will continue to update our players and the poker community, as we move forward to resolve outstanding issues.” Keep up to date with all the news from the poker world by following us on Twitter and Facebook.
Juicy Stakes and Intertops Poker will hold their special May Day online poker tournament with a guaranteed $2,000 in the prize pool on May 1 and players are being offered the chance to qualify from Monday to April 30 via a series of satellites.
The Easter holidays are now upon us and Juicy Stakes and Intertops Poker are celebrating by holding a pair of special online poker tournaments.
Juicy Stakes and Intertops Poker will be launching their three-stage Vegas Milli Maker tournament series from tomorrow offering players the chance to win a prize package to compete in the upcoming Millionaire Maker event at the 48th annual edition of the World Series Of Poker (WSOP) in Las Vegas.
Intertops Poker and Juicy Stakes are about to kick off three-stage online satellite tournament series that are promising to award winners with prize packages to compete in the upcoming European Poker Championship in Velden, Austria.
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