UltimateBet Poker Network Shuts Down
UltimateBet Poker Network Shuts Down
In August 2010, Blanca Games purchased the assets of the Cereus Poker Network from Tokwiro Enterprises. This internet poker network, which also included Absolute Poker and Ultimate Bet, is becoming insolvent. With the finish of the Cereus Poker Network, players are no longer in a position to process their withdrawals or make deposits. The business has since turn off its remaining websites. However, it really is unclear when and if it will resume processing player withdrawals.
In order to continue operating, UltimateBet had to undergo several shell games and sell its gambling license. The company was founded by Jon Karl and Greg Pierson before the internet poker boom hit the U.S. in the late 1990s. But the failure of UltimateBet came as a big surprise to investors, as the company was unable to meet up with the demands of its investors. They ultimately decided to sell the website to an exclusive equity firm.
In the aftermath of the collapse, UltimateBet was forced to refund thousands of players who lost money playing online poker. This was because of the fact that players were being cheated out of winnings in these events. The company was able to overcome this problem by acquiring a gaming license from the Kahnawake Gaming Commission. Although the company was not in a position to get the necessary license to operate in New Jersey, the parent company, ieLogic, is focusing on developing its software platform.
As the closure of UltimateBet has been controversial, it had been still a significant loss to the poker community. Despite the scandal, it was a part of the right direction for the industry. The site was create by a band of secretive high stakes players who had invested in Excapsa and iovation. The firms are also accused of shady business practices. In December 2010, Hellmuth resigned from the business. In January 2003, the company transferred its operations to Absolute Poker and iovation was spun off.
Through the investigation, UltimateBet found 18 suspicious player accounts. A specific account called “NioNio” was used to make high-limit games accessible to players. The web poker site then found a large number of fraudulent accounts with different screen names. In addition to this, the poker community collected evidence that resulted in the kahnawake Gaming Commission’s fine. While the lawsuit against the poker site had not been successful, it was a significant blow to the poker community.
Until recently, UltimateBet was a favorite online poker site in the usa. It was an official World Group of Poker site and was licensed in the usa. The company was also recognized to have a high level of transparency. Despite the scandal, the business was aware of the cheating beforehand. The poker website even banned NioNio’s account. Fortunately, the poker site has removed the e-mail.
It really is difficult to say whether the UltimateBet poker site is still 더킹카지노 주소 in business today. Its success is based on its ability to attract and retain players. Its reputation for fair play is unmatched in the industry, and its reputable software has helped the site stay profitable since 2001. Along with offering tournaments that feature world-class poker pros, the UltimateBet website also offers a Sunday $200k guaranteed game. If you are looking for a spot to play poker, have a look at its website!
UltimateBet also offers a great experience for its members. Its table is well-designed, with user-friendly features, including a note-taking function and a chat box. Its tables are available in a wide variety of limits and stakes. The games on UltimateBet vary according to the time of day and the amount of competition. In the WSOP, it has sent members to live tournaments. The program has five tiers: Gold, Platinum, and Platinum.
In August 2010, Joseph Tokwiro Norton acquired Exscapa Software, a company that centered on massively multiplayer online role-playing games. He merged the site with Absolute Poker, and both companies have since been section of the same management team. While the UltimateBet site was an effective poker site, it had been not without controversy. The former Grand Chief of Kahnawake Gaming Commission, Pierson, and Tokwiro, Jr., founded the business.