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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 :

NHL Odds: Young Oilers Face Veteran Ducks in Round Two - Game Two in Anaheim (10:30 PM ET on NBCSN) features the first and second ranked teams in the Pacific Division during the regular season, with only two points separating them. The Oilers edged the Ducks 3-2 in regular season games, outscoring them by a slim 14-12 margin. This series will be close, and Game Two will decide who has the edge heading back to Edmonton.

BitStarz Casino pays out nearly $100,000 over 2 days - They say lightning doesn’t strike in the same place twice, but it did at BitStarz as yet another player lands a massive payout on an Amatic slot!

Americas Card Room Online Super Series Starts Now - The OSS Cub3d is Americas Cardroom’s 3-part tournament series. It features the Mini Online Super Series (MOSS), the now-underway Online Super Series (OSS), and the upcoming Bigger Online Super Series (BOSS).

New Quick Seat feature at Ignition Poker - New Quick Seat feature at Ignition Poker.In order to ensure our poker players’ user experience is even more seamless, we’ve introduced a new feature in our poker software called Quick Seat for both Ignition Poker.

Finnish people prefer the government to run the casinos - Nordic countries have been, historically, the main markets for the online casino operators. The reasons for this are rather clear - these countries are very cold and people simply prefer to stay home and gamble than go outside to visit a casino.

New Era of Gambling. Now with Bitcoins. - It is not a secret that more than half of the bitcoin transactions have been related, at least somehow, to the online gambling activities.

NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 - The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?

Caesar’s Triumph Slot Launches - Caesar’s Triumph is new slot at Bovada that features the Roman dictator in all his glory. The action takes place on five reels where you’ll find 20 paylines and plenty of ways to spin your way to victory.

NHL Odds: Pacific Division Foes Face Off in Edmonton - The Edmonton Oilers will attempt to defend their home ice advantage this Friday (10:30 PM ET on Sportsnet) against the San Jose Sharks. The Oilers (47-26-9) finished second in the Pacific, while the Sharks (46-29-7) finished third, but only four points behind their First Round foes.

Bingo Cataratas Offers Unique Spin on Classic bingo - Bingo Cataratas (Spanish for waterfalls) is changing the way people think about bingo according to Bovada. Just because bingo is a classic with a huge following, doesn’t mean it can’t be spiced up with a fresh new format. Bingo Cataratas has the basic structure of bingo, but also has an “extra ball” feature and a bonus mini game.

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