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Online Casino News - November, 2008

Justice Looms Closer in Online Poker Cheating Scandal

 

 

  Seed Newsvine

by Devon Chappell, News Staff Writer

November 7, 2008

With the upcoming "60 Minutes" investigative report on the Absolute Poker and Ultimate Bet online poker cheating scandals coming to a close (scheduled for an airing this Sunday), Tokwiro Enterprises' deal with Excapsa Liquidators to pay up for their flawed software couldn't come at a better time. According to Tokwiro's COO, Paul Leggett, with this agreement, all refunds to pay back players directly or indirectly affected by the cheating scandals can now been finalized.

At the behest of the Kahnawake Gaming Commission, Tokwiro - which owns both Ultimate Bet and Absolute Poker - has already paid over $6 million back to players. Their agreement with Excapsa calls for the former site owner to pay $15 million to Tokwiro, and in return, Tokwiro's associate company, Blast Off Limited, will continue paying the agreed upon installment fees to pay off the software and websites formerly owned by Excapsa. Tokwiro will use the $15 million to pay a $1.5 million fine to the Kahnawake Gaming Commission and the settle all player accounts affected by fraudulent activities.

The deal has been approved by Justice Sarah Pepall of the Ontario Superior Court, which is certainly a sign that justice is finally on its way. Also in the agreement is a provision that gives Tokwiro the right to pursue individuals found to have participated in the fraud...Cough, cough, former pro poker champ, Russ Hamilton.

Legget, who is thought to be one of the visionaries behind Tokwiro's plan to combine Absolute Poker and Ultimate Bet into a new mega poker site, Cereus, said that with the help of the Kahnawake Gaming Commission, those people responsible for the fraud are starting to be held accountable. Furthermore, the company's are ensuring something like this will never happen again.

It certainly is a reassuring sign to see justice being served. I personally have to say I am happy that Tokwiro and the Kahnawake Gaming Commission are stepping up the plate and buffing up their reputation once again.



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