Acereus Poker Network TURN OFF
Acereus Poker Network, which included Absolute Poker and Ultimate Bet, has filed for bankruptcy. This failure affects their capability to process player withdrawals. By August 2010, they are not processing player deposits or withdrawals. Listed below are the reasons why they are shut down. But you will be able to find a reliable alternative if you play at among their competitors. These sites are a good option for anyone who’s looking for a secure and fair internet poker experience.
The business’s history is murky. It’s unclear if the UltimateBet site continues to be operational or whether it’s likely to be shut down. Many people are skeptical about the company’s future, and rumors abound. However, this scandal has prompted the poker community to step of progress to demand a refund. Despite these concerns, the UltimateBet site has remained open to the general public. The website’s name is comparable to other online poker websites. It’s just that the business is not operating as a legal entity. The fact is that it’s an Internet-based betting service, that is what made it a target for cheating.
Despite this, it’s important to remember that Ultimate Bet is really a software company, and it’s also a legitimate one. They are around since 2001 and so are a leader in online poker. Aside from being an internet poker site, they host the Aruba Poker Classic. The grand prize is $1 million, and the company has some of the top pros in the game. The company also has a thriving poker community, with many tournaments weekly.
UltimateBet was set up by two secretive high stakes poker players. The company’s software company, ieLogic, handled secure micro-transactions and user authentication. They also created patent-pending “association tarpit” technology to avoid fraud. Founded by Greg Pierson and Jon Karl, ieLogic leased UltimateBet’s website and continued operations. Until that time, they have paid some refunds and credits to their players. But not surprisingly, many members have yet to get their credits.
Along with tournament blackjack, the company has also been accused of cheating. Aside from cheating with a cheating tool called “God Mode,” UltimateBet used this software to track its players and their funds. The Nevada Gaming Commission recently approved the former UltimateBet fraud firm iovation as a service provider for online geolocation services. The gambling giant is wanting to avoid the law and make sure that its users do not suffer from illegal activities.
Even though company is still a poker room, its business model is 우리 카지노 스팸 a great alternative to Full Tilt. The poker site was closed in December 2010 following a scandal involving cheating in its online casino. iovation overran the site and incorporated it under a new name, iovation, that is a subsidiary of ieLogic. For the time being, the company targets risk management and fraud detection.
Despite these issues, UltimateBet includes a reputation as a reputable internet poker site. Its parent company, ieLogic, has been publicly traded since 1999, and has a brief history of avoiding regulations. For the time being, it has been the main topic of several lawsuits. The lawsuits also have resulted in the closure of the website in 2006, which has caused an uproar in the poker industry. Its recent merger with Absolute Poker has resulted in the emergence of a thriving alternative to the world’s largest internet poker site.
The lawsuits against UltimateBet stem from a study into suspicious activity in the online poker community. The business initially denied the allegations, but later admitted to presenting detected suspicious activity and identifying six accounts. IN-MAY 2008, it announced an internal investigation and fined the business $1.5 million. The documents also identify 18 different user names and email addresses. Furthermore, iebet has been investigated by the Kahnawake Gaming Commission, which is responsible for overseeing the offshore online gambling industry.
In January of this year, ieLogic registered the UltimateBet trademark. This company had the first to utilize the name but later abandoned it after it failed to secure adequate liquidity. The brand new owners of the trademark, eWorld Holdings, took over the website. The lawsuit had not been successful, but it did create a jv with a poker website, Blanca Games. If you’re looking for a fun internet poker experience, UltimateBet is a great choice.