No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
TOKWIRO PAID OUT ALMOST $23 MILL IN ONLINE POKER SCANDAL
5/29/10 - The online poker cheating scandal that weighed so heavily on the reputation of poker sites Absolute Poker and UltimateBet, along with parent company Tokwiro Enterprises, still fascinates the industry despite the passage of years. This week Tokwiro chief operating officer Paul Leggett blogged on the latest controversy – the extent of refunds and the methodology deployed.
His comments come in an atmosphere where a former poker magazine editor continues to investigate the hole card cheating scandal and publish all the detail about those involved; experts on the top poker message board 2plus2 analyse every move by the company and one group carries out final verifying checks before releasing more real identities, long demanded by poker fans.
Leggett blogs that Tokwiro initially refunded a staggering $22 054 351.91, followed by an additional $227 956.66 after an error was discovered regarding split pots.
“Later on we refunded an additional $494 932.20 to several accounts that had their refunds on hold because they were still under investigation at the time we did the refunds but were eventually cleared and processed.
“So the total amount that was refunded to players was $22 777 240.77 USD,” Leggett revealed.
With the costs of sorting out the problems, paying fines imposed by the Kahnawake Gaming Commission and launching publicity initiatives to recover credibility, the final cost to Tokwiro has clearly been considerable.
Leggett goes on to justify the ‘Net Loss’ methodology used to determine how much to refund players, revealing that his company ran into many issues.
“We were limited by the information available to us and we had legacy data sources and applications from the previous owners that we learned we could not trust,” Leggett blogged. “We also were initially relying on the old UB software developers to help us with the analysis, which proved very problematic.
“We eventually hired independent database analysts and a poker mathematician to help us redo the analysis because of the frustrations we had dealing with the problems.
Leggett gives extensive detail on how the exercise involved, the difficulties that were faced and how the ‘Net Loss’ assessment worked.
In closing, he referred to the significance of another refund analysis carried out by Uri Kozai, an expert employed by the liquidators of Excapsa, the owners of the company which sold the poker operations to Tokwiro. The liquidators were motivated by a desire to confirm the amounts of money Tokwiro claimed were stolen from players was accurate.
“We eventually settled with [the previous owners] for $15 million in order to get players their money back,” Leggett claimed. “Excapsa is currently in liquidation and required court approval to settle with us.
“[Kozai’s] analysis was nowhere near as thorough as ours. He simply reviewed the work we did and was satisfied that our analysis was accurate. It is untrue that he developed the refund methodology that we used.”
Gambling News :
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.