User blog comment:Melspuppies8282/Captain Laura Smith/@comment-4967581-20120604213323/@comment-1984959-20120606055604

Either idea is possible. Both ideas have reliable sources...
 * It was said that Arabella became a successful pirate, likely a pirate captain. (Secret Files of the EITC)
 * Sometime after the JS series, Arabella returned to Tortuga to take over as owner and operator of the recently-renamed "Tortuga Tavern".(Tortuga Tavern, as Cap'n Dashing wrote)

Though, depending on one's view, the Tavern's story could be contradictory, as we don't know if the tavern was renamed in the "films' universe". But it depends on the person, as some fans refer to the movies more than the expanded universe.

Personally, I could go either way, depending on the subject.