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 end of the Cereus Poker Network, players are no 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 will resume processing player withdrawals.

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In order to continue operating, UltimateBet 온라인 바카라 사이트 had to undergo several shell games and sell its gambling license. The business was founded by Jon Karl and Greg Pierson before the internet poker boom hit the U.S. in the late 1990s. But the failure of UltimateBet came as a big surprise to investors, because the company was unable to meet the demands of its investors. They ultimately made a decision to sell the website to an exclusive equity firm.

In the aftermath of the collapse, UltimateBet was forced to refund thousands 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 use in New Jersey, 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 step in 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 company. In January 2003, the business transferred its operations to Absolute Poker and iovation was spun off.

Through 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 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 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 usa. It was an 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 alert to the cheating beforehand. The poker website even banned NioNio’s account. Fortunately, the poker site has removed the e-mail.

It really is difficult to say whether the UltimateBet poker site is still in 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 website 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 are looking for a place to play poker, have a look at its website!

UltimateBet also provides 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 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, an organization that focused on massively multiplayer online role-playing games. He merged the website with Absolute Poker, and the two companies have since been portion of the same management team. As 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.