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Cereus Network Reaches Agreement With SDNY

By Ian Hiaring, Rakeback.com Poker News Staff Writer

Cereus NetworkThe Cereus network, which includes both UB and Absolute Poker, released a statement Tuesday saying that an agreement has been reached with the DOJ that would allow them to concentrate on providing U.S. players a return of funds currently tied up on their poker sites.

“Absolute Poker has reached an agreement with the United States Attorney’s office for the Southern District of New York (“SDNY”). Under the agreement, the US Attorney’s Office has agreed to provide all necessary assurances that third parties may work with Absolute Poker to facilitate the return of funds, currently held by third party processors, to players located in the US. This provision is an important step to returning US player funds.”

The statement gives no timetable for the return of funds to players, and was modified a couple of hours after its release to omit the “third party processor” language.

Stay tuned to the Rakeback.com News page for more updates on the situation with UB and Absolute Poker.

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