Absolute Poker finalises legal settlement

From iGaming Business – Beleaguered online poker operator Absolute Poker has finally reached an agreement with the United States Department of Justice that will see it avoid prosecution under the ‘Black Friday’ action of 2011 in exchange for agreeing to forfeit all of its assets. The settlement arranged with the United States Attorney for the Southern District of New York, Preet Bharara, and ratified by District Judge Kimba Wood on Monday will see Absolute Poker and its associated companies hand over all of its brands including Ultimate Bet, Absolute Entertainment SA and Blanca Games Incorporated. The settlement was signed by…