Absolute and UB Not Bust, Say Owners
The fallout from Black Friday continues, with Absolute Poker/UB hitting back against bankruptcy rumors. After a splurge of communication earlier in the week – some official, some not – correspondence appeared to indicate that Blanca Games, the online poker duo’s parent company, was folding.
That information appears to have been only partly true. What is correct, is that the company are radically downsizing. They plan to effectively lay off their entire staff and then rehire just 20%. This all forms part of their strategy to focus on providing for non-U.S. players. American players are currently flocking to the likes of the true poker download, who still remain U.S. friendly.
“As previously stated, Absolute Poker and UB ceased their U.S.-facing operations due to recent legal developments in the United States. The company is currently restructuring and is focusing its resources on consolidating its non-U.S., rest-of-the-world operation and software business. In order to have a more efficient and successful future business, an immediate need to downsize and streamline operations significantly at both online poker rooms has been required. Absolute Poker and UB continue to operate their non-U.S.-facing business.”
Branching away from the U.S. will be tough work, with many players already… READ MORE