UltimateBet Poker Network SWITCHES INTO Insolvency
The online poker network Cereus, which operated Absolute Poker and Ultimate Bet, has gone into insolvency. As of August 2010, it is no longer processing withdrawals and is unable to accept new players. As of this writing, the networks are owned by private company Blanca Games. The network was acquired from Tokwiro Enterprises in August 2010. The companies are still operating, but are not processing any player withdrawals. In addition, both of these sites are no more accepting new players.
As well 007 카지노 as the software, the UltimateBet website also has a customer support center that answers questions. Several players have complained concerning this, but it is unclear whether the complaints have merit. The software company’s CEO, Travis Makar, was alert to the cheating problem before he founded the business. For instance, he knew that the poker program used a feature referred to as “God Mode.” Although his wife, Janelle Lynn, had an affair with students during 2002, the company didn’t know about this. The ultimatebet company is based in Costa Rica.
Pierson, one of the co-founders of UltimateBet, said he had nothing related to the God Mode cheating scandal. While he was the CEO of ieLogic, which later acquired the poker software maker Excapsa Software, he claimed to be unacquainted with the business’s internal affairs. However, he did admit that he had some influence over the company. In fact, he says he had not been aware of the ongoings at the time of the scandal.
Much like all the other websites, UltimateBet includes a history of scandals. In October 2006, it was purchased by Absolute Poker, which then merged with Kahnawake Gaming Commission. Norton, a former Grand Chief of the Kahnawake Gaming Commission, was in charge of setting up the business enterprise and developing its software. This is the reason why it needed to create a separate company to hold the gaming license, an organization referred to as E-World Holdings.
While there are plenty of stories regarding cheating at UltimateBet, the company was founded in 2001 and contains been a leader in the industry. There are numerous game variants and tournaments, and the company also hosts a $200k guaranteed Sunday tournament. Moreover, UltimateBet hosts a few of the world’s top poker pros. The grand prize of the tournament is over $1 million. Its repute as a high poker site helped attract a lot of people to the website.
UltimateBet was acquired by Absolute Poker in October 2006, once the Kahnawake Gaming Commission merged with Absolute Poker. In 2006, ieLogic, that was owned by the former Grand Chief of the Kahnawake Gaming Commission, registered the trademark UltimateBet. It subsequently abandoned the brand, and eWorld Holdings leased the UltimateBet site. The lawsuits were ultimately settled, with both companies claiming that the web poker site had violated the law.
The scandal involving UltimateBet has resulted in the demise of the company. The company was created by way of a software company which developed the gaming software and marketed it. This managed to get difficult for the company to obtain the gaming license and operate internet poker games. Consequently, it really is headquartered in Aruba, where it is a section of the E-World Holdings group. It isn’t yet clear how this scandal is connected to the ieLogic lawsuits.
The legal case against UltimateBet was resolved by way of a judge in November of 2008. During the trial, the jury decided that the company had misled its clients. The defendants were fined $2 million, however the Supreme Court found that their actions weren’t illegal. The court ruled that the operators were not guilty. After all, there were no proofs of fraud or criminal activity. Aside from the money laundering and fraud cases, the monetary sanctions imposed on the business were minimal. The iovation lawsuit against the company were also not linked to the website’s success in the poker space.
In a legal case against UltimateBet, the business was found to be cheating. The business was not aware of the cheating and had no way to avoid it. The investigation found that it was a rogue gambling site. The website is really a scam and the owners of the business were fined by the court. While the ieLogic and Pierson companies are now both operating in Aruba, the ieLogic software was used by the Kahnawake gaming commission.