Poker news tagged with 'ub.com'

Blanca Gaming, the parent company of UB.com / Absolute Poker, has finally reached an agreement with the U.S. Department of Justice! This means that all U.S. players with outstanding funds at UB.com / Absolute Poker can expect their money back soon.

In the agreement with the U.S. Department of Justice it says that Blanca Games will stop all games for money in the U.S. and that the authorities will help the company to pay back their U.S. customers outstanding funds.

Blanca games, UB.com and Absolute Poker's parent company, has just announced that they have been forced to let go of 11 pros. The affected pros are Joe Sebok (picture), Prahlad Friedman, Eric "Basebaldy" Baldwin, Maria Ho, Brandon Cantu, Tiffany Michelle, Scott Ian, "Hollywood" Dave Stann, Adam "Roothlus" Levy, Bryan Devonshire and Trishelle Cannatella.

It can't be fun for Blanca's management at the moment. They just had to let go of 300 employees in Costa Rica and now they have to let go of 11 US-based pros + they have received lots of criticism in the past week due to the bankruptcy rumors. However, according to a press release, the company is still in discussions with U.S.Attorney's Office to reach an agreement with the U.S. Department of Justice to facilitate the return of US players funds. So let's hope that all U.S. players will get back their outstanding funds soon.

A couple of weeks have now passed since FBI and the U.S. Department of Justice closed down 3 of the world's largest poker sites in the U.S. and charged 11 persons with running illegal online gambling operations. Black Friday happened over a night and turned the poker world upside down to say the least. Ever since Black Friday lots of rumors regarding what will happen with U.S. players outstanding funds have circulated on the web.

Read more » UB.com / Absolute Poker files for bankruptcy