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Online Poker Black Friday

December 6, 2011 - 7:59am
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Shari Geller

Full Tilt Poker Still Unable to Guarantee Paybacks

By Shari Geller and Lou Krieger

With Pokerstars players reporting return of their deposits over the past two weeks, those who have money at Full Tilt Poker have been waiting for their returns to start coming in.  Instead, one month after the DOJ handed down the indictments that closed Full Tilt to US players, those players are no closer to seeing any of their money.

Your rating: None Average: 5 (6 votes)

Absolute Poker/UB Reach Repayment Agreement With Feds

By Lou Krieger and Shari Geller

May 10, 2011—Absolute Poker and UB issued a statement earlier today stating that they reached agreement with the United States Attorney for the Southern District of New York in which the US Attorney’s Office 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 toward returning US player funds.

Your rating: None Average: 5 (2 votes)

Absolute Poker/UB Fires all US-based Sponsored Pros

By Shari Geller and Lou Krieger

Last Friday, Costa Rican officials with the Judicial Investigation Police (OIJ) conducted a raid on the offices of Absolute Poker and UB, two of the online poker sites under indictment by federal authorities in the U.S. for money laundering, bank and wire fraud and illegal gambling activity.  This followed word that the Blanca Games Inc. (“Blanca”), parent company of Absolute/UB, would have to file for bankruptcy.  Today, not surprisingly, Blanca announced that all U.S. sponsored pros would have their contracts terminated.

Your rating: None Average: 4 (4 votes)

Costa Rican Police Raid the Offices of Absolute Poker

By Shari Geller and Lou Krieger

Police in Costa Rica raided the offices of Absolute Poker/UB this morning.  Agents with the Organismo Investigacion Judicial (OIJ), their version of the Department of Justice, armed with a search warrants, hit at least six separate locations including residential homes as well as the offices of persons associated with the poker companies. 

The police action follows the indictments brought by the Justice Department last month against Absolute Poker and two other online poker sites for money laundering, bank and wire fraud, and illegal gambling.  

Your rating: None Average: 5 (2 votes)

Absolute Poker to Enter Bankruptcy; Return of Player Deposits is Doubtful

By Lou Krieger and Shari Geller

MSNBC reported last night that Absolute Poker/UB will enter bankruptcy.  This action leaves players who have funds currently on deposit with Absolute and UB twisting in the wind, with no assurance they will ever have access to their money.  

Madeira Fjord, a Norwegian company that represents shareholders in Blanca Gaming of Antigua, the parent company of AP/UB, told them that the company had “no cash on hand and no prospects for any cash flow for the foreseeable future.” Blanca Gaming stated that, “it is currently unable to make any payments toward its debt obligations.”

MSNBC reported that a source in Costa Rica—where Absolute Poker and UB have their operations center—told them that more than 300 customer support and marketing employees, approximately 95 percent of the staff, were laid off.

Your rating: None Average: 5 (2 votes)

ESPN to Air Live Coverage of the WSOP Main Event

By Shari Geller

You no longer have to wait months to see the action from this year’s World Series of Poker.  The WSOP announced today that ESPN will be presenting new and extended coverage of the Main Event, including the use of hole card cameras in a nightly, nearly-live TV broadcast. 

“For six consecutive days, July 14-19, ESPN will offer unprecedented access to the 2011 World Series of Poker (WSOP) Main Event, including ‘live’ unedited hole cards on a 30-minute delay and more than 32 additional hours of coverage in high definition on ESPN, ESPN2 and ESPN3.com from the Rio All-Suite Hotel & Casino in Las Vegas Nevada,” read the official statement.

Your rating: None Average: 5 (1 vote)

Is Senator Jon Kyl Revising His Stance Against Online Poker?

By Lou Krieger and Shari Geller

Every hero needs a villain.  Without it the drama seldom rises to the level it often achieves when the scales are balanced and both sides have to raise their game to succeed.

Where would Sherlock Holmes be without Professor Moriarty?  Batman without the Joker?  The Dodgers minus the Giants? Ali lacking Fraiser? They all need one another, just as the Packers need the Bears, and McEnroe needed the chair umpire.

Your rating: None Average: 3.7 (3 votes)

Some Online Poker Sites Still Open to US Players/Some US Pros Absent from WPT Showdown

By Shari Geller and Lou Krieger

In the aftermath of the Department of Justice’s indictments against the big three online poker sites serving US players, there are still some sites that are keeping their cyber doors open to the displaced American poker players.  Merge Gaming (home to Carbon, Lock and Felt Stars), out of Australia, seems to be the biggest beneficiary so far.  Also seeing some traffic from US players are Bodog, Cake (Cake and Bet US), Everleaf (Poker View) and Yatahay (Doyle's Room).

Your rating: None Average: 5 (1 vote)

Add Us to the List of Black Friday Losers

By Lou Krieger and Shari Geller

We’ve been bringing you all the news about Black Friday and its effect on various segments of the poker world since the event first occurred only two short weeks ago.  We’ve even brought you a segment on “Winners and Losers,” in which we listed those poker elements and institutions that were harmed by the Department of Justice’s declaration of war on online poker, as well as a much shorter listing of those who appear to have benefited—it’s a much shorter list, indeed—from Black Friday’s unintended consequences.

And we were able to do this objectively, since we were among a precious few left unscathed by these events … or so we thought.

Your rating: None Average: 5 (2 votes)

The DOJ Indictments against PokerStars, Full Tilt and Absolute: What People Are Saying (Part 2)

By Shari Geller and Lou Krieger

While the Justice Department and the under-attack poker sites have issued a number of statements regarding the government’s crackdown, which we discussed in part one of this series, reaction from the poker community has run the gamut of absolute silence (primarily by some sponsored pros) to loud protestations.  In this article, we will look at a sampling of quotes from some interested observers of the poker scene.

What the Poker Community Has to Say

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