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DOJ Requests Settlement Agreement for Absolute Poker, UB

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  1. Dan Dan is online now Administrator

    United States

    Posts: 7,822
    Joined: May 06

    Aug 1st, 2012 (8/1/2012 5:26am)

    Just in case you missed this on Tuesday, the U.S. Government requested a settlement agreement with Absolute Poker and UB. Interesting to me in the documentation was that Absolute Poker's operating license with the KGC had expired. The Government wants to use Absolute's assets to settle creditor claims. Read more:

    http://www.pocketfives.com/articles/...ker-ub-587635/

    One wonders whether today's Full Tilt purchase by pokerstars will speed up, slow down, or have no impact on a resolution to the AP/UB non-payment issue.
     
  2. JaySpo JaySpo is offline

    Mount Holly, NJ
    United States

    Posts: 417
    Joined: Jun 10

    Aug 1st, 2012 (8/1/2012 5:50am) in reply to Dan

    If this means we're closer to getting paid then please please, 1 time, etc.
  3. CANUKEH44 CANUKEH44 is offline

    Oakville
    Canada

    Posts: 354
    Joined: Nov 11

    Aug 1st, 2012 (8/1/2012 6:14am) in reply to JaySpo

    My guess is they will have to sell before anyone gets their monies, Maybe someone else will step up.
  4. ILOVECLONIEG ILOVECLONIEG is offline

    Canada

    Posts: 254
    Joined: Jul 09

    Aug 1st, 2012 (8/1/2012 11:05pm) in reply to CANUKEH44

    At least people with FTP money had hope.. I dont have much hope for my UB money :(
  5. bwalz bwalz is offline

    CA
    United States

    Posts: 367
    Joined: Nov 10

    Aug 1st, 2012 (8/1/2012 11:13pm) in reply to ILOVECLONIEG

     
    Originally Posted by ILOVECLONIEG View Post

    At least people with FTP money had hope.. I dont have much hope for my UB money :(

    I'm with ya on that one. If there's any $ at all, by the time the govt gets their fines and fees etc there will be nothing left for players. Also a great excuse not to pay us since they view it as fundamentally bad or whatever based on the Forbes article that just came out. Pappas is optimistic as always but...
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