Absolute Poker settlement prompts KGC statement

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One more chapter has been written in the Black Friday online poker legal proceedings. Assistant US attorney Jason H. Cowley out of the Southern District of NY published a settlement order with Absolute Poker, Ultimate Bet and related companies earlier last week. The Kahnawake Gaming Commission, who issued Blanca Games Inc. and in turn Absolute Poker and Ultimate Bet's gaming licenses, addressed the settlement in a brief statement.

Full KGC statement: 

(MOHAWK TERRITORY OF KAHNAWAKE- August 7, 2012) - The United States Attorney for the Southern District of New York (Manhattan) recently announced that he has reached a settlement of the civil proceedings that were initiated by the government on April 15, 2011 against Blanca Games, Inc. (“Blanca”) and related companies. He now seeks court approval of the settlement.

The proposed settlement requires all of Blanca’s assets to be forfeited to the United States. The US Marshalls’ office will be mandated to liquidate Blanca’s assets. However, there will be no distribution of the net proceeds from the liquidation pending the resolution of claims filed by other parties who have asserted an ownership interest in Blanca’s assets.

If the court approves the settlement, and if there are Blanca assets remaining after the resolution of the claims by other parties, it is anticipated that the court will provide a process for players to make claims against those assets. At present the Commission has no information as to how players should make such a claim. However, the general victim information number provided by the US Attorney in Manhattan is 1-866-874-8900.

Blanca operated the Absolute Poker and UB.com online gaming sites and was previously licensed by the Commission. Their Client Provider Authorization expired on June 2, 2012 and was not renewed. The Commission no longer regulates Blanca

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