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UltimateBet Cheating Firm Iovation Awarded Nevaga Gambling License

Saturday February 20,2016 :  IOVATION AWARDED A NEVADA CLASS 2 LICENCE (Update)
 
Controversial firm now able to offer cyber security, anti-fraud measures, and geolocation services to the Nevada online gaming market.
 
Despite controversy over the involvement of its CEO, Greg Pierson and the company itself in the UltimateBet cheating scandal several years ago  Iovation has been awarded a Class 2 licence by the Nevada Gaming Commission on the recommendation of the Nevada Gaming Control Board.
 
The reportedly unanimous approval of a licence enables Iovation to offer cyber security, anti-fraud measures, and geolocation services to the Nevada online gaming market despite its controversial history.
 
Online media learning about the Iovation application last week were quick to reprise the 2008 online poker scandal, recalling that Iovation created software that had a capability (rather sensationally titled "God Mode" in subsequent reportage) that allowed individuals within UltimateBet to cheat online players out of $20 million dollars.
 
Pierson, at the time a co-founder and the CEO of UltimateBet, allegedly featured in a post-scandal taped discussion with UltimateBet shareholder Russ Hamilton - the man accused by regulators in a subsequent investigation of being the main beneficiary of the cheating - and other managers in which tactics to pay prejudiced players as little as possible were discussed, along with what amounted to admissions that the cheating had gone on for longer than the period uncovered by a player investigation, and involved more dishonest accounts than had been exposed.
 
The discussion also allegedly covered the possibility of pinning the cheating conduct on a junior rogue employee in order to hide Hamilton's involvement.
 
A Nevada Gaming Control Board official had been apprised of these events late last year during the course of his enquiries, it has been claimed.
 
The online information site Gambling Compliance secured an interview with an elated Pierson after the award of the licence, and was assured by him that Iovation spent a substantial amount of money on a previously failed and the currently successful licensing attempt, and that it had involved a very deep and comprehensive, year-long Nevada investigation into the company and its management.
 
The Nevada Gaming Commission has not yet published its report on the award of the licence, but Pierson apparently sees it as a vindication that he did nothing wrong. He commented to Gambling Compliance:
 
“My company wrote some software and that software was used to rob players. I wish that had not happened. I have had to talk about this nightmare so often that I have become kind of numb to it but hopefully it is now over,” he said.
 
The interview points out that there is no solid evidence implicating Pierson in the actual UltimateBet cheating activity, but less charitable opinions are that the Iovation chief executive, supposedly an internet and software security expert, presided over a situation in which his company created a cheating product that was used to prejudice players on a site which he managed.
 
Gambling Compliance has promised to publish the full Pierson interview next week, which will be read with interest by many players and industry observers.



Gambling News :

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

ACR $1,400,000 High Five Tournament Series - It has five added tournaments a day for five straight days, with the $420k Main Event on the final day. There are Texas hold’em and PLO game types, and tons of structures.a

Microgaming named in The 10 coolest offices of 2017 - Microgaming named in The 10 coolest offices of 2017 Microgaming’s new HQ has been named in ‘The 10 coolest offices of 2017*’ in the UK, featuring alongside some of the biggest consumer brands.

$75K Win on Mobile Slot @ CafeCasino - Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.

Microgaming’s The Phantom of the Opera online slot live today - Available to Microgaming and Quickfire operators, The Phantom of the Opera online slot goes live Wednesday 1 November 2017.

2017 Punta Cana Poker Classic Results - The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.

NHL Odds: Winnipeg Jets vs. Minnesota Wild - Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.

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