Blanca Games Inc., owner and operator of online poker rooms AbsolutePoker and UB, issued the following statement today:
AbsolutePoker and UB ceased their U.S.-facing operations due to recent legal developments in the United States. The company is currently restructuring and will focus its remaining resources on consolidating its non-U.S., rest-of-the-world operation and software business. Unfortunately, this also means an immediate need to downsize and streamline operations significantly at both online poker rooms, with a view of becoming more efficient in the way the business is conducted.
Today's decision has not been made lightly, or in haste. It comes after considerable review and analysis of the impact that 'Black Friday' has had on the business as a whole. All affected employees have been informed of this necessary restructure, and staff will be reduced across several areas of the business.
A company spokesperson said: "We regret that we have been compelled to take these actions. We have worked tirelessly to create a truly amazing company that is filled with extraordinary people. We have always been and still remain fully committed to our employees and players. At the same time, we are confident that this restructuring will strengthen the company and its future."
In addition, the company's legal counsel is in continuing discussions with the U.S. Attorney's office to formalize an agreement that would facilitate the return of funds to U.S. players. Further information and timely updates will be provided to players moving forward as our legal team works to resolve the outstanding issues.
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It was just a matter of time and despite the efforts and initial attempt to fight against the US, it was pretty much bound to happen and now they had to make a cut to avoid even more trouble. Hopefully they will be able to work out an agreement with the US soon and can return the funds to the US players, I feel bad for all employees though that just lost their job yesterday.
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