Absolute Poker reaches agreement with DoJ

Absolute Poker, including UB, released a statement this week claiming that an agreement has been reached with the DoJ with regards to returning US player funds.

The site has been largely silent since the events of Black Friday three weeks ago. But this week moved to quash rumours that bankrolls would be witheld, stating that ‘Today’s signing of the agreement with the DOJ is an important step towards the safe and efficient return of funds to our US players.’

While no timeline has been given, due to ‘several legal issues which must be navigated before funds can be paid out to US players’, Absolute Poker maintains its top priority ‘has always been, and remains, the refund of account balances to its US players’.

‘We can now move as expeditiously as possible to establish proper mechanisms for the return of funds to our US players.  As previously announced, we have already taken specific actions to exit the US market by closing our US-facing operations’ added a spokesperson.

‘Blank Rome LLP (Absolute Poker’s lawyers) will continue to engage in discussions with the SDNY in order to complete the necessary arrangements for the final transfer of balances to our US players.  This remains our highest priority.  We will continue to update our players and the poker community, as we move forward to resolve outstanding issues.’