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Absolute Poker and UB.com to Return Player Funds?

By Ian Hiaring, Rakeback.com Poker News Staff Writer

UB AP Deal with DoJ to Refund Player MoneyContinuing a trend of good news for poker players this week, it looks like there’s a bit of semi-bright news for players wishing to retrieve their funds from Absolute Poker and UB.com.

The Kahnawake Gaming Commission (KGC) issued a statement last week that hinted at a possible plan to reimburse both US and non-US players.

The details at this point are vague, but the statement from the KCG says that Blanca Games Inc., operator of both the Absolute Poker and UB.com brands, is “establishing a process to liquidate Blanca’s assets and distribute proceeds to players.” The proposal has been submitted to the Southern District of New York for consideration, but has yet to receive approval.

Absolute Poker and UB.com are members of the Cereus Poker Network, which was one of online poker companies named in the indictments issued on April 15th earlier this year; a date now infamously known as “Black Friday”.

Stay tuned to the Rakeback.com Poker News Page for updates to this story as it develops.

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