Confusion Lifted as Absolute Poker Signs DoJ Agreement

Published Friday, May 13, 2011 - Online-Casinos.com

Absolute Poker has reached an agreement with the U.S. Department of Justice to enable the firm to return funds owed to players who were using the online poker network. The letter explaining the conditions of the agreement is available online.
Absolute Poker has been seriously slow in the response to players and the return of their money. Controversy surrounds the demise of the network and its legal status, but this letter signed by the United States Attorney for the Southern District of New York, Preet Bharara, looks to clear up any legal confusion that may have been present before.

Absolute’s parent company Blanca Games did announce the deal via a few press releases a little prematurely, the deal was not actually finalized until the day after the announcement.
The agreement as written,  “will provide assurances to third parties working with Absolute Poker in its legitimate efforts to return funds to US players.” Absolute Poker agreed “that it would not allow for, facilitate, or provide the ability for players located in the United States to play online poker for “real money” or any other thing of value. The deposit of funds is expressly prohibited.” The Department of Justice also notes that it will not trouble Absolute’s Poker operations in other parts of the world.

The issue of monitoring the progress of the return of funds and general compliance was addressed by the agreement. An independent monitor will be appointed to watch that Absolute Poker complies with closing its American facing operations. Absolute Poker and Ultimatebet will be required to keep their financial transaction records, databases, internal emails and all business records generally and make them available to the DoJ.

The question of Domain names was also addressed by the DoJ, “Absolute Poker expressly understands that under this Agreement, the domains names absolutepoker.com, ub.com and ultimatebet.com are still seized and Absolute Poker hereby waives any right to challenge such seizure during the pendency of this Agreement.”

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