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, is becoming insolvent. With the end of the Cereus Poker Network, players are no 엠 카지노 가입 코드 more able to process their withdrawals or make deposits. The business has since turn off its remaining websites. However, it is unclear when and if it’ll 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 prior to 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 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 internet poker. This was due to the fact that players were being cheated out of winnings in these events. The business was able to overcome this issue 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 NJ, the parent company, ieLogic, is focusing on developing its own software platform.
While 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 step in the right direction for the. The site was setup 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.
During the investigation, UltimateBet found 18 suspicious player accounts. A particular account called “NioNio” was used to make high-limit games accessible to players. The online poker site then found numerous fraudulent accounts with different screen names. In addition to this, the poker community collected evidence that led to the kahnawake Gaming Commission’s fine. As the lawsuit against the poker site was not successful, it was a substantial blow to the poker community.
Until recently, UltimateBet was a favorite 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 recognized to have a high level of transparency. Despite the scandal, the company was aware of the cheating in advance. 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 is still in business today. Its success lies in its capability 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. 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 spot 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 can be found 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 live 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 site with Absolute Poker, and the two companies have since been area of the same management team. As the UltimateBet site was a successful poker site, it was not without controversy. The former Grand Chief of Kahnawake Gaming Commission, Pierson, and Tokwiro, Jr., founded the business.