UltimateBet Poker Network SWITCHES INTO Insolvency

UltimateBet Poker Network SWITCHES INTO Insolvency


UltimateBet Poker Network SWITCHES INTO Insolvency

The web poker network Cereus, which operated Absolute Poker and Ultimate Bet, has gone into insolvency. By August 2010, it is no more processing withdrawals and is unable to accept new players. Around 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. Furthermore, both these sites are no longer accepting new players.

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In addition to the software, the UltimateBet website also offers a customer support center that answers questions. Several players have complained about this, but it is unclear whether the complaints have merit. The program 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 a student during 2002, the company did not know about this. The ultimatebet company is based in Costa Rica.

Pierson, one of the co-founders of UltimateBet, said he had nothing to do with 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 over the company. Actually, he says he had not been aware of any of the ongoings at the time of the scandal.

As with all of the other websites, UltimateBet includes a history of scandals. In 더킹카지노쿠폰 October 2006, it had been 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 and developing its software. This was the reason why it had a need to create a separate company to carry the gaming license, a company referred to as E-World Holdings.

While there are many stories regarding cheating at UltimateBet, the business 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 some of the world’s top poker pros. The grand prize of this tournament is over $1 million. Its repute as a top poker site helped attract many 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 online poker site had violated the law.

The scandal involving UltimateBet has led to the demise of the business. 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 is headquartered in Aruba, where it is a part of the E-World Holdings group. It isn’t yet clear how this scandal is linked to the ieLogic lawsuits.

The legal case against UltimateBet was resolved by way of a judge in November of 2008. Through the trial, the jury decided that the business had misled its clients. The defendants were fined $2 million, but 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. Apart from the money laundering and fraud cases, the monetary sanctions imposed on the company were minimal. The iovation lawsuit contrary to the company were also not related to the website’s success in the poker space.

In a legal case against UltimateBet, the company was found to be cheating. The company was not alert to the cheating and had no chance to avoid it. The investigation discovered that it had been a rogue gambling site. The website is really a scam and the owners of the company were fined by the court. As the ieLogic and Pierson companies are now both operating in Aruba, the ieLogic software was used by the Kahnawake gaming commission.

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