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ABSOLUTE POKER AND U.S. ATTORNEY'S OFFICE SIGN AGREEMENT (Update)
In a sequel to 2011's Black Friday online poker company shut downs (see previous InfoPowa reports) it appears from newly filed court documentation that the United States Attorney's Office, represented by Preet Bharara and The Absolute Poker Group represented by legal counsel Jerry D. Bernstein have come to an agreement that will come into force with immediate effect.
The terms are tough:
"The Absolute Poker Group agrees that all assets, including property of all kinds, real and personal, tangible and intangible, goodwill, right or non-physical resource that is presumed to represent an advantage in the marketplace, and anything having commercial or exchange value, of the following Absolute Poker-affiliated and controlled companies (collectively, the the Absolute Poker Group"), or any other transferee of assets f/b/o the Absolute Poker Group, its owners or designees shall be forfeited to the United States, for disposition according to law, pursuant to Title 18, United States Code, Section 981:
"As set forth herein. Blanca Games hereby withdraws its claim in this action for the assets of Blue Water Services Ltd., Trust Services Ltd., SGS Systems Inc. and Fiducia Exchange Ltd.
"The civil money laundering claims against the Named Absolute Poker Companies are hereby dismissed with prejudice, with the exception of the civil money laundering claims against Blue Water Services Ltd., Trust Services Ltd., SGS Systems Inc. and Fiducia Exchange Ltd., which remain pending.
"Each party shall bear its own costs and attorneys' fees."
The agreement was approved and ordered into law by Judge Kimba M. Wood on July 15 2013.
PIONEER ONLINE SPORTSBOOK CLOSES
The World Sports Exchange, a nfl football betting NFL Odds pioneering online sports betting operation in the Caribbean which has been making headlines - often for all the wrong reasons - since the 'nineties, has finally closed.
The site has frequently been the focus of attention from enforcement agencies, but the management claims the "halt" in operations is the result of "inadequate capital resources" and that its financial affairs are currently under review.
Any remaining players will hardly be reassured by the lack of detail on how their account balances are to be handled; the notification merely informs them that they will be kept informed on the company's plans to repay or transfer player account balances.
Founded by Jay Cohen, one of the first online betting execs to be prosecuted and imprisoned, in more recent times the company has become notorious for slow payments and has frequently been accused of bad player communications.
The current US enforcement drive against online sports betting companies (see previous InfoPowa reports) is hardly an encouraging development in the sector.
2015 Kentucky Derby Odds
Kentucky Derby week is one of the most thrilling times of the year. This race is known as "The Most Exciting Two Minutes in Sports" for its approximate time length.
Check 2015 KY Derby Schedule May 1 and 24 at Sportsbook.com
Odds to Win 2015 Kentucky Derby