Check out our brand new Local Poker Communities! Get updates and interact with poker players in your area.
Visit the United States Poker Community | Visit the California Poker Community | Read more about the Launch of P5s Local

any UB updates?

Reply to Thread
  1. racer racer is offline

    Gananoque
    Canada

    Posts: 994
    Joined: Oct 08

    Nov 29th, 2011 (11/29/2011 4:46pm)

    any speculation out there? potential buyers etc? ... or just a slow sinking ship?
  2. wackyJaxon wackyJaxon is offline Admin X

    Vilnius
    Lithuania

    Posts: 12,260
    Joined: Apr 06

    Nov 29th, 2011 (11/29/2011 5:01pm) in reply to racer

    I think the ship sunk fast, but maybe someone will see some value in the software and dig them out.
      1 
  3. Dan Dan is offline Administrator

    Posts: 5,239
    Joined: May 06

    Nov 29th, 2011 (11/29/2011 5:27pm) in reply to racer

     
    Originally Posted by racer View Post

    any speculation out there? potential buyers etc? ... or just a slow sinking ship?

    I have heard nothing from our last update, which was CEREUS proposing to liquidate assets to pay players:
    http://www.pocketfives.com/articles/...layers-586892/
     
  4. racer racer is offline

    Gananoque
    Canada

    Posts: 994
    Joined: Oct 08

    Nov 29th, 2011 (11/29/2011 5:44pm) in reply to Dan

    yeah Dan, here is the e-mail from about a month ago, I'm sure many of us received:

    Thank you for contacting us.

    We understand that there is some speculation circulating about the current
    status of account withdrawals for Non-US players. For you personally, we
    recognize that this raises some concern about your pending payout at
    Absolute Poker/UB and why it is taking longer than usual to complete.

    At this time, we must advise you that all Non-US player payouts currently in
    the queue for processing have been placed on hold.     This decision has been
    taken in the interests of expediting the process of distributing funds to
    all qualified players. We want to assure you that the distribution of player
    funds has been, and remains, our highest priority.

    To this end, you should know that we are currently in active discussions
    with a number of parties about potential sales opportunities,     and we
    continue to work diligently to devise a solution that will allow us to
    distribute funds to players. This has been, however, a complicated process,
    and the determination of appropriate mechanisms for the safe and efficient
    distribution of funds to players has proven to be an especially difficult
    task.

    Nevertheless, despite a series of formidable obstacles, we believe that we
    are close to finalizing a well-considered process of distributing funds to
    players that will be fair for all account holders.     We expect, therefore, to
    issue a statement in the near future, providing the details of this process.

    Please understand that ongoing legal negotiations have restricted our
    ability to communicate publicly more frequently about these matters. We
    hope that you will understand.

    We appreciate your patience during this difficult period, and we will
    provide you with further information at an appropriate time in the near
    future.

    Regards,
    Rick
    Thread Starter
  5. MarkFSU1 MarkFSU1 is offline

    Posts: 3,464
    Joined: Apr 07

    Nov 29th, 2011 (11/29/2011 7:30pm) in reply to racer

     
    Originally Posted by racer View Post


    Nevertheless, despite a series of formidable obstacles, we believe that we
    are close to finalizing a well-considered process of distributing funds to
    players that will be fair for all account holders.     We expect, therefore, to
    issue a statement in the near future, providing the details of this process.

    Regards,
    Rick

    no everyone didnt get that email, but thanks for posting it here. I for one am eagerly waiting to see what UB/AP determine to be "fair for all account holders"??
     
  6. ShyGuy03533 ShyGuy03533 is offline

    Philadelphia, PA
    United States

    Posts: 821
    Joined: Aug 08

    Nov 30th, 2011 (11/30/2011 7:51am) in reply to racer

    Came across some interesting articles and documents about UB/AP possibly paying soon. Thoughts?

    http://shuck72.hubpages.com/hub/Poss...Bet-US-Players

    http://gamingcommission.ca/news/pr10272011a.pdf
  7. yarbles yarbles is offline

    Montreal
    Canada

    Posts: 792
    Joined: Sep 09

    Nov 30th, 2011 (11/30/2011 8:38am) in reply to ShyGuy03533

    dated oct 17th seems like this doesnt mean shit just some gun ho reporter bringing up even older news
    439 
Reply to Thread

Similar Threads