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 online poker network, which also included Absolute Poker and Ultimate Bet, has become insolvent. With the end of the Cereus Poker Network, players are no more in a position to process their withdrawals or make deposits. The company has since shut down its remaining websites. However, it is unclear when and if it will resume processing player withdrawals.
To be able 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 online poker boom hit the U.S. in the late 1990s. However the failure of UltimateBet came as a big surprise to investors, because the company was unable to meet up with the demands of its investors. They ultimately made a decision to sell the website to a private equity firm.
In the aftermath of the collapse, UltimateBet was forced to refund a large number of players who lost money playing internet 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 issue by acquiring a gaming license from the Kahnawake Gaming Commission. Even though company was not able to get the necessary license to use in New Jersey, the parent company, ieLogic, is focusing on developing its software platform.
While the closure of UltimateBet has been controversial, it had been still a major loss to the poker community. Regardless of the scandal, it was a part of the right direction for the. The site was create by a band of secretive high stakes players who had committed to Excapsa and iovation. The firms are also accused of shady business practices. In December 2010, Hellmuth resigned from the company. In January 2003, the company transferred its operations to Absolute Poker and iovation 더킹카지노 주소 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 substantial blow to the poker community.
Until recently, UltimateBet was a popular online poker site in the usa. It was the official World Series of Poker site and was licensed in the usa. The company was also known to have a high level of transparency. Despite the scandal, the business was alert to the cheating beforehand. The poker website even banned NioNio’s account. Fortunately, the poker site has removed the e-mail.
It is difficult to say if the UltimateBet poker site continues to be in business today. Its success lies in its ability to attract and retain players. Its reputation for fair play is unmatched in the market, and its own reputable software has helped the site stay profitable since 2001. In addition to offering tournaments that feature world-class poker pros, the UltimateBet website offers a Sunday $200k guaranteed game. If you’re looking for a place to play poker, check out 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 multitude 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 call home tournaments. The program has five tiers: Gold, Platinum, and Platinum.
In August 2010, Joseph Tokwiro Norton acquired Exscapa Software, an organization that focused on massively multiplayer online role-playing games. He merged the site with Absolute Poker, and the two companies have since been part of the same management team. While the UltimateBet site was a successful poker site, it had been not without controversy. The former Grand Chief of Kahnawake Gaming Commission, Pierson, and Tokwiro, Jr., founded the company.