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ABSOLUTE POKER SCANDAL UNDER THE MICROSCOPE AGAIN

4/29/10 - The Absolute Poker cheating scandal continues to haunt the online poker company despite the passage of time, mainly because cover-ups are still suspected and many players feel that the culprits were not identified and should have been punished more severely for the multi-million dollar rip-offs perpetrated on players (although compensation has been paid).
 
This week Haley Hintze, a former and respected editor of Poker News who now has her own online blog, has published information and screenshots which, if unadulterated and true, cast new light on to an old but industry-significant scandal.
 
Hintze reveals in her blog that during her investigations into the Absolute Poker affair she was twice threatened with legal action by Scott Tom, a prominent figure in the dispute and allegedly a senior executive at Absolute Poker at the time. It didn’t stop her.
 
She has now come into possession of documents not previously made public, and these, along with her interesting expose of what happened, can be viewed at  http://haleyspokerblog.blogspot.com/
 
In Hintze’s own no-punches-pulled words: “The greater truth? [Allan] Grimard and others may or may not have been heavily involved in the cheating, but Scott Tom was the real force behind the ongoing scandal at AP. While there is a miniscule chance that the evidence was somehow doctored itself before it reached me, its content correlates so well with what I'd already learned elsewhere that I believe it to be genuine. In full and honest faith, I believe the images you'll see to [be] undoctored, and that Scott Tom himself was the primary Absolute Poker cheater.”
 
Hintze provides the evidence behind her accusation in a long and convincing article detailing the issue and displaying the new information. It’s an absorbing tale of intrigue, technology and falsehoods that makes fascinating reading despite the elapse of over two years.
 
Moving on to a related issue which has intrigued many in the industry over the years, Hintze also addresses the business moves and significant amounts of cash that were involved in the purchase by Ultimate Bet/Absolute Poker/Tokwiro Enterprises associate Blast Off Limited of  Excapsa and its poker software.
 
The blog publishes correspondence from the liquidators of Excapsa, XMT Liquidations Inc., which give an indication of the substantial monies that went into the deal.
 
Apparently, Blast Off Limited signed two Promissory Notes in June 2009 in favour of 6356095 Canada Inc. (formerly known as Excapsa Software Inc.) for US$41,900,000.00 and US$64,469,257.00.
 
The correspondence informed shareholders that a US$500 000 instalment had been missed in November last year, and detailed the possible moves that would follow if the account was not brought up to date. This included demanding full payment of all monies owed and the possible seizure of Blast Off shares reserved as security on the debt.
 
However, Blast Off appears to have made good, because a second letter advising that the issue has been negotiated and giving full details was also published.
 
The issue is still very much a live one, and shareholders can be thankful that XMT liquidator Sheldon W. Krakower, C.A. is so diligent and hard-nosed in looking after their interests.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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