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, has become insolvent. With the finish of the Cereus Poker Network, players are no longer in a position to process their withdrawals or make deposits. The company has since shut down its remaining websites. However, it really is unclear when and if it’ll resume processing player withdrawals.

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To be able to continue operating, UltimateBet had to undergo several shell games and sell its gambling license. The business was founded by Jon Karl and Greg Pierson before the online poker boom hit the U.S. in the late 1990s. However the failure of UltimateBet came as a large surprise to investors, because the company was unable to meet 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 a large number of players who lost money playing online poker. This was due to 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. Even though company was not in a position to get the necessary license to use in NJ, the parent company, ieLogic, is focusing on developing its own software platform.

As the closure of UltimateBet has been controversial, it had been still a significant loss to the poker community. Regardless of the scandal, it was a part of the right direction for the. The site was set up by a band of secretive high stakes players who had committed to Excapsa and iovation. The firms have also been accused of shady business practices. In December 2010, Hellmuth resigned from the business. In January 2003, the business transferred its operations to Absolute Poker and iovation was spun off.

During the investigation, UltimateBet found 18 suspicious player accounts. A particular account called “NioNio” was used to create high-limit games accessible to players. The web poker site then found a lot of fraudulent accounts with different screen names. Furthermore, the poker community collected evidence that resulted in the kahnawake Gaming Commission’s fine. As the lawsuit contrary to the poker site was not successful, it was a substantial blow to the poker community.

Until recently, UltimateBet was a popular online poker site in the United States. It was the official World Series of Poker site and was licensed in the United States. The company was also known to have a high degree of transparency. Despite the scandal, the company was alert to the cheating beforehand. The poker website 모나코 카지노 even banned NioNio’s account. Fortunately, the poker site has removed the e-mail.

It is difficult to say if the UltimateBet poker site is still running a business today. Its success lies in its ability to attract and retain players. Its reputation for fair play is unmatched in the industry, and its own 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 place to play poker, check out its website!

UltimateBet also offers a great experience because of 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 based on the time of day and the level of competition. In the WSOP, it has sent members to call home tournaments. This 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 website with Absolute Poker, and the two companies have since been area of the same management team. As 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.

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