Absolute Poker makes DOJ deal on player money

AP News
Posted: May 10, 2011 6:02 PM
Absolute Poker makes DOJ deal on player money

An online poker company facing severe legal troubles says it has made a deal with the Department of Justice toward repaying deposits from players.

But Absolute Poker said in a statement on Tuesday that it still faces legal issues that must be resolved before American players can be repaid.

Two of Absolute's executives are among 11 people indicted last month, charged with tricking banks into processing illegal gambling payments by setting up elaborate schemes with shell companies and fake websites.

Absolute says its agreement says it can work with third-party payment processors to facilitate return of the funds. It says it plans to collect the funds from the processors, then establish proper ways to repay the players.

Two other companies, PokerStars and Full Tilt Poker, had previously announced separate agreements.