Acereus Poker Network TURN OFF
Acereus Poker Network, which included Absolute Poker and Ultimate Bet, has filed for bankruptcy. This failure affects their ability to process player withdrawals. By August 2010, they are not processing player deposits or withdrawals. Listed below are the reasons why they have been shut down. But you will be able to find a reliable alternative if you play at one of their competitors. These sites are a good option for anybody who’s looking for a secure and fair online poker experience.
The business’s history is murky. It’s unclear if the UltimateBet site is still operational or whether it’s likely to be shut down. Many people are skeptical concerning the company’s future, and rumors abound. However, this scandal has prompted the poker community to step forward to demand a refund. Despite these concerns, the UltimateBet site has remained open to the public. The website’s name is similar to other internet poker websites. It’s just that the company is not operating as a legal entity. The truth is that it is an Internet-based betting service, that is what managed to get a target for cheating.
Despite this, it’s important to note that Ultimate Bet is 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 create by two secretive high stakes poker players. The business’s software company, ieLogic, handled secure micro-transactions and user authentication. They also created patent-pending “association tarpit” technology to prevent fraud. Founded by Greg Pierson and Jon Karl, ieLogic leased UltimateBet’s website and continued operations. Until that point, they have paid out some refunds and credits to their players. But not surprisingly, many members have yet to receive their credits.
Along with tournament blackjack, the company has also been accused of cheating. Apart 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 something provider for online geolocation services. The gambling giant is trying to avoid the law and ensure that its users do not suffer from illegal activities.
Although the company continues to be a poker room, its business design is a great option to Full Tilt. The poker site was closed in December 2010 after a scandal involving cheating in its online casino. iovation overran the site and incorporated it under a new name, iovation, which 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. In the meantime, it has been the subject of several lawsuits. The lawsuits have also led to the closure of the web site in 2006, which includes caused an uproar in the poker industry. Its recent merger with Absolute Poker has led to the emergence of a thriving alternative to the world’s largest internet poker site.
The lawsuits against UltimateBet stem from an investigation into suspicious activity in the sm 카지노 web poker community. The company initially denied the allegations, but later admitted to presenting detected suspicious activity and identifying six accounts. IN-MAY 2008, it announced an interior 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, that is in charge of overseeing the offshore online gambling industry.
In January of the year, ieLogic registered the UltimateBet trademark. The corporation had the first to use the name but later abandoned it after it failed to secure adequate liquidity. The brand new owners of the trademark, eWorld Holdings, overran the website. The lawsuit was not successful, but it did create a jv with a poker website, Blanca Games. If you are looking for a fun online poker experience, UltimateBet is a good choice.