Acereus Poker Network Shut Down
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’re 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 among their competitors. These sites are a good option for anybody who’s searching for a secure and fair internet poker experience.
The company’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 of progress 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 business isn’t operating as a legal entity. The truth is that it’s an Internet-based betting service, that is what made it a target for cheating.
Despite this, it’s important to note 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 internet poker. Aside from being an internet poker site, they host the Aruba Poker Classic. The grand prize is $1 million, and the business has a number of the top pros in the overall 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 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 despite this, many members have yet to receive their credits.
In addition to 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 a 마이다스 바카라 service provider for online geolocation services. The gambling giant is wanting to avoid regulations and ensure that its users do not have problems with illegal activities.
Even though company continues to be a poker room, its business model is a great option 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, which is a subsidiary of ieLogic. For the time being, the company focuses on risk management and fraud detection.
Despite these issues, UltimateBet has a reputation as a reputable online poker site. Its parent company, ieLogic, has been publicly traded since 1999, and contains a brief history of avoiding regulations. In the meantime, it has been the subject of several lawsuits. The lawsuits also have resulted in the closure of the web site in 2006, which has 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 online poker site.
The lawsuits against UltimateBet stem from an investigation into suspicious activity in the web 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 company $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 in charge of overseeing the offshore online gambling industry.
In January of this year, ieLogic registered the UltimateBet trademark. This company had the first right to utilize the name but later abandoned it after it didn’t secure adequate liquidity. The brand new owners of the trademark, eWorld Holdings, took over the website. The lawsuit was not successful, but it did result in a joint venture with a poker website, Blanca Games. If you are looking for a fun internet poker experience, UltimateBet is a great choice.