The Kahnawake Gaming Commission (KGC) published a brief advisory notice on its website on Tuesday regarding former licensee Blanca Games, the erstwhile parent company of Absolute Poker (AP) and Ultimate Bet (UB). The KGC addressed the request filed last month by the US Attorney for the Southern District of New York seeking the forfeiture of all assets belonging to AP/UB as part of the deal in which PokerStars acquired the assets of Full Tilt Poker (FTP). The KGC acknowledges that, should the court accept the DoJ’s settlement deal, the US Marshall’s office will be mandated to liquidate Blanca’s assets, which consist primarily of the online poker software and the 2011-era player databases of both poker rooms. However, according to the KGC, “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.” The KGC further stated that Blanca’s KGC-issued Client Provider Authorization expired June 2, 2012 and was not renewed.
Sticking with AP, poker blogger Haley Hintze has uncovered details of how AP payments guru Brent Beckley will be spending the next year or so. Last December, Beckley admitted conspiring to commit bank fraud and wire fraud in relation to the indictments handed down on Black Friday, and last month Beckley was sentenced to 14 months in prison and ordered to forfeit $300k. Beckley has until Oct. 3 to surrender to authorities and begin his sentence at Federal Correctional Institution Englewood, just outside Denver, Colorado. Beckley will be housed not in the main prison, but in the minimum-security satellite work camp attached to the main facility, where former Enron CEO Jeffrey Skilling and former Illinois governor Rod Blagojevich are paying their debts to society. Hintze suggests Beckley will do 85% of his term, followed by two years of probation.
Rounding out our Black Friday updates, online poker affiliate PokerStrategy has filed a $1.2m lawsuit against FTP subsidiary Pocket Kings. PokerStrategy claims to be owed the money from an agreement signed prior to FTP having its license revoked by the Alderney Gambling Control Commission in September 2011. PokerStrategy CEO Domink Kofert told eGamingReview that the company had purposely waited until after the PokerStars deal to acquire FTP’s assets had successfully concluded so as not to be seen as impeding the ability of FTP’s former players to recover their missing deposits. But now, well…
