Settlement in Blanca Games DoJ Online Poker Indictments

Published Thursday, November 01, 2012 - Online-Casinos.com

It isn’t great news for those who were expecting a quick settlement in the Absolute Poker and Ultimate Bet, Department of Justice crackdown and seizing of assets that a settlement has been finally been reached. The parent company Blanca Games announced the confirmed deal via an advisory note.

A statement read, “The proposed settlement requires all of Blanca’s assets to be forfeited to the United States. The US Marshall’s 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.” In return for the forfeiture of all assets charges will be dropped against Blanca Games Inc., Absolute Poker, Ultimate Bet, Absolute Entertainment, S.A., Hoop & Javelin Holding Limited, Hoop Payment Solution Services Limited and Morning Bliss Overseas Limited. The Kahnawake Gaming Commission has nothing more to do with Blanca stating their license to operate had expired June 2nd 2012. The Department of Justice and the Kahnawake Gaming Commission settlement has not yet been reached.

With regard to the players who were in the loop to retrieve lost funds that went into the Absolute Ultimate poker coffers there is provision in the Department of Justice statement indicating the players are at the bottom of the pile in terms of claims.

The statement revealed, “If the court approves the settlement, and if there are Blanca assets remaining after the resolution of claims by other parties, it is anticipated that the court will provide a process for players to make claims against those assets.” It did however go on to say “At present the commission has no information as to how players should make such a claim.” There it is in black and white, it looks doubtful that players will see their cash again.

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