LAS VEGAS -- 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
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.