Absolute Poker and Ultimate Bet Advisory Notice from KGC

This was released today on the KGC website.  Note that KGC says that Blanca Games let their license lapse on June 2, 2012.  Maybe I missed it, but that is the first I have heard of this.  This tells me that they are saying that they consider themselves no longer involved in the issues that surround the Absolute Poker and Ultimate Bet bankruptcy.

There are no news stories about this that I could find and it was not announced on KGC’s website either as far as I can tell. If you know of any articles or press releases about that I ask that you please email me or leave a comment with a link so I can research it.

Normally I would not copy/paste something like this but it is basically a press release.  I also wanted everyone to see it in the KGC’s words.

(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.

About Kahnawake

The Mohawk Territory of Kahnawake is a sovereign jurisdiction located just outside Montreal, Quebec, Canada. The Kahnawake Gaming Commission was established in 1996 and has been continuously licensing and regulating online gaming since July, 1999.
For more information about the Commission, go to: www.gamingcommission.ca. To contact the Commission, email: info@gamingcommission.ca

One thought on “Absolute Poker and Ultimate Bet Advisory Notice from KGC

  1. The only way forward in this industry is via 100% transparency. These regulators who only check up on their licensees after-the-fact are worthless. I want regulators who do spot inspections, impromptu audits, and actually go out of their way to catch people who aren’t following the rules.

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