UltimateBet Poker Network Goes Into Insolvency
The web poker network Cereus, which operated Absolute Poker and Ultimate Bet, went 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 firms are still operating, but are not processing any player withdrawals. Furthermore, both of these sites are no longer accepting new players.
As well as the software, the UltimateBet website also offers a person support center that answers questions. 베스트카지노 Several players have complained about this, but it is unclear whether the complaints have merit. The program company’s CEO, Travis Makar, was aware of the cheating problem before he founded the business. For example, he knew that the poker program used an attribute known as “God Mode.” Although his wife, Janelle Lynn, had an affair with students during 2002, the company did not find out 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 company’s internal affairs. However, he did admit he had some influence on the company. Actually, he says he had not been aware of the ongoings during the scandal.
Much like all of the other websites, UltimateBet includes a history of scandals. In October 2006, it had been purchased by Absolute Poker, which in turn 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 was the reason why it needed to create a separate company to carry the gaming license, a company known as E-World Holdings.
While there are plenty of stories regarding cheating at UltimateBet, the business was founded in 2001 and has been a leader in the industry. There are many 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 this tournament is over $1 million. Its repute as a high poker site helped attract a lot of people to this website.
UltimateBet was acquired by Absolute Poker in October 2006, when 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 regulations.
The scandal involving UltimateBet has resulted in the demise of the company. The company was created by a software company which developed the gaming software and marketed it. This made it difficult for the company to obtain the gaming license and operate internet poker games. Consequently, it really is headquartered in Aruba, where this is a part of the E-World Holdings group. It is not yet clear how this scandal is connected to the ieLogic lawsuits.
The legal case against UltimateBet was resolved by 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 discovered that their actions were not illegal. The court ruled that the operators weren’t 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 company were minimal. The iovation lawsuit against the company were also not related 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 alert to the cheating and had no chance to prevent it. The investigation found that it had been a rogue gambling site. The site is really a scam and the owners of the business were fined by the court. As the ieLogic and Pierson companies are now both operating in Aruba, the ieLogic software was utilized by the Kahnawake gaming commission.