Tag: payment
Absolute Poker & Ultimate Bet to Return $30 Million
US online poker players who were owed money by two long defunct online poker sites — Absolute Poker and Ultimate Bet — will be getting more than $30 million of their money back. The US government, via a third party, recently announced it would be refunding “almost $33.5 million.” The news came from the Garden City Group, which is handling the remissions process, via a website dedicated to refunding players’ money. More from the announcement: GCG has been informed that the Money Laundering and Asset Recovery Section of the Department of Justice (MLARS) has approved a first round of payments…
After Six Years, Absolute Poker Players to be Paid
The US Department of Justice announced on Monday that class action settlement company Garden City Group (GCG) will monitor the process for the compensation of Absolute Poker players who were not able to withdraw their funds from the online poker room after it was faced with a civil action for money laundering, illegal gambling provision, and other allegations back in 2011. Here it is important to note that GCG had previously been charged with overseeing the repayment process of affected Full Tilt Poker players. Up to now, the amount of $118 million has been returned to their rightful owners. However,…