Tag Archives: UltimateBet

Is It Time to Take a Casualty Loss on Absolute Poker/Ultimate Bet?

Posted on December 27, 2012 by Russ

One of the things needed for a casualty loss is certainty. There’s been relatively little of that when dealing with Absolute Poker (AP) and Ultimate Bet (UB) after Black Friday. While PokerStars quickly repaid players, and it appears players will … Continue reading →

Posted in Gambling | Tagged , | 1 Comment

DOJ Settles Civil Claims Against PokerStars & Full Tilt Poker; Full Tilt Balances to be Refunded to US Players; Settlement with Absolute/UB Also Referenced

Posted on July 31, 2012 by Russ

News came out this morning that the long-rumored deal that would have PokerStars acquire Full Tilt Poker, agree to pay the DOJ $731 million (the rumored amount was $750 million), and pay back players while settling the civil charges it … Continue reading →

Posted in Gambling | Tagged , , , | 7 Comments