Absolute Poker: Player refunds top priority

AP News
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Posted: Apr 21, 2011 8:42 PM
Absolute Poker: Player refunds top priority

An offshore online poker operator facing shutdown because of federal charges of bank fraud and money laundering says it is reviewing options with lawyers before moving to refund balances to its players in the United States.

Absolute Poker said in a statement Thursday that its first priority is refunding money in accounts with its site and UB.com, which is on the same network. Both domains were seized by the FBI on Friday after prosecutors in New York announced 11 indictments of executives and others tied to Absolute, PokerStars and Full Tilt Poker.

Absolute says it has retained law firm Black Rome LLP as counsel in the United States.

Absolute says lawyers have contacted prosecutors to work out an agreement to repay players.

PokerStars and Full Tilt reached similar agreements Wednesday.