Will Absolute Poker Use WTO to Fight U.S.?
25 April 2011
If the aftermath of the FBI indictments of the 4 major U.S. facing online poker sites there have been progress made in how the sites will return monies owed to the U.S. poker players who have withdrawals due to them. Full Tilt Poker and PokerStars have already made agreements with the U.S. Government to have their domains returned to process withdrawal claims.
Absolute Poker and Ultimate Bet however are looking into taking a harder stance against the U.S. and may not be willing to leave the American market so willingly. The finance minister of Antigua, Harold Lovell, is suggesting the online poker company pursue intervention from the World Trade Organization.
“I am concerned that at this point in time United States authorities continue to prosecute non-domestic suppliers of remote gaming services in clear contravention of international law,” Lovell said.
If you recall in 2005 the same action was taken by the small island as they argued that the U.S. was targeting Antiguan companies that offered online gaming to protect the interests of US land-based casinos and won a $21 million settlement of intellectual property rights that were held by US businesses.
A spokesman however has stated that Absolute Poker is reviewing the agreement by the U.S. government that has already been agree to by PokerStars and Full Tilt Poker but is facing some disapproval for doing so from the Antiguan Government.
Absolute Poker has stated they also have a commitment to their U.S. online poker players to get any monies owed to them as quickly as possible. We will have to wait and see if this will include an action with the WTO or just folding to the United States without a fight.
20 December 2011Absolute Poker Co-Owner Pleads Guilty
There has been a plea from one of the three online poker companies following last Aprils U.S. federal indictments. Brent Beckley, co-owner of Absolute Poker, pleaded guilty today in a Manhattan Federal court. The charges were conspiracy to commit bank fraud and wire fraud as well as conspiracy to violate an Internet gambling law. All related to the deception of U.S. banks over processing online gambling proceeds.Read full article
12 May 2011Absolute Poker Signs Agreement to Return U.S. Players Funds
Now it seems that Absolute Poker will be paying back U.S. poker players according to prosecutors on New York City. Wednesday the announcement was made that Absolute Poker signed an agreement with the U.S. government to allow withdrawals to U.S. players and to continue operations to all foreign players. According to U.S.Read full article
09 May 2011Costa Rica Agents Raid Absolute Poker Offices and Residents
April 15th 2011, known as “Black Friday” in online poker circles, is when Federal indictments were handed down and the U.S. government shut down Absolute Poker, UB Poker, PokerStars and Full Tilt poker. Since then PokerStars and Full Tilt reached agreement with the U.S. to regain usage of their websites for the sole purpose of letting U.S. online poker players withdraw their money.Read full article