Absolute Poker’s (AP) Scott Tom has agreed to forfeit $300,000 as part of his Black Friday plea deal with US federal prosecutors.

Tom’s plea deal requires him to forfeit $300k, as it represents “the amount of proceeds traceable to the offense” to which Tom pled guilty. The charge covers Tom’s illegal gambling activity between October 2007 to “in or about 2009.”

On May 31, Tom reached a deal with prosecutors that saw him plead guilty to a single misdemeanor of being an accessory after the fact in the transmission of gambling information. His plea agreement allows a “two-level reduction” in the base offense level of Tom’s crimes if his allocution and subsequent conduct prior to sentencing demonstrates his “acceptance of responsibility” for his actions.

The two level reduction will lower his potential prison time to between zero and six months, while the allowable fine range is between $250 and $5k. It is likely that Tom will be spared a custodial sentence.

Tom is one step closer to freedom as he accomplishes the terms of the plea agreement. However, it is unfortunate that Tom and other top executives at AP did not receive a reckoning over the ways they cheated out millions of dollars from their players.

Becky Liggero is in Amsterdam to bring you the highlights of the first day of the iGaming Super Show 2017, the largest event of the year dedicated to the online side of the gambling industry.

Casino operator Udenna Development Corp. is set to break ground on the first ever integrated resort outside the Philippine capital soon. 

Australian academic and inventor Dr. Craig Wright has rejected the idea of SegWit as a solution for bitcoin’s scaling problem, emphasizing the need to increase the block size.

The U.S. Internal Revenue Service has required bitcoin company Coinbase to only submit records of transactions worth $20,000 or more.

Asia currently leads the eSports market with over $321 million in revenue, with North America trailing behind by about $100 million.

Cloaking: A marketing method where you show one landing page to a certain percentage of the audience, and a different landing page to the rest.

Asset Collection Chain has announced that its digital coin, ACC, has begun trading on Japan’s NERAEX cryptocurrency exchange. It is expected to be traded on other exchanges like Canada’s Allcoin and China-based BEXCHANGE this month.

Congratulations to Andrew Burke for being promoted to Senior Vice President, Slot Products at AGS! Burke started working at AGS in 2008 and has led the success of the Colossal Gaming and Cadillac Jack acquisitions, and the newly launched OrionSM premium cabinet.