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ABSOLUTE AND ULTIMATEBET TO MERGE INTO ONE POKER NETWORK

Grabbing the attention of players, affiliates and competitors alike as the week ended was an announcement from Paul Leggett, CEO of both UltimateBet and Absolute Poker, that the two sites are to merge into one large online poker network branded Cereus Poker.
 
Claiming that the merge will result in the world's third largest poker network (a claim already questioned by industry obervers) statements from the two companies said that Cereus will deliver an enhanced gaming experience for all players, offering new features, more action, and ultimate rewards.
 
One well informed observer made an early assessment on network size, pointing out that based on a trailing 7 day average the combined number of AB and UB players is about half the size of Playtech's iPoker network, widely regarded as holding the number 3 slot behind Poker Stars and Full Tilt.
 
The new network is apparently the result of a year's innovation and development through the owner of both sites, Tokwiro Enterprises, headed by the former Kahnawake chief Joe Norton. Absolute and UltimateBet will each retain what is described as 'unique assets' that create the poker experience, but will share more players, more action, more tournaments, and unspecified new features.
 
Cereus will be competing with online poker titans like Poker Stars, Full Tilt, iPoker, Party Poker and the burgeoning Everest Poker for players - a tough field to beat.
 
Paul Leggett said: “Our company’s goal is to provide poker players with the ultimate online experience. The launch of Cereus is a major step for us in achieving our goal and we look forward to making many more exciting announcements very soon.”
 
Given the monumental cheating scandals that continue to swirl around UltimateBet and Absolute Poker, it is perhaps understandable that the Cereus merge, together with persistent rumours of a future rebranding initiative, is being viewed by some as a precursor to a change in corporate identities. That could be one way to help escape the bad reputation that has accrued to these venues as a result of the scandals, which remain the subject of investigation by the experienced players who uncovered the cheating in the first place.
 
Although Absolute Poker and Ultimate Bet are owned by the same (Tokwiro) company, the sites have hitherto offered seperate and distinct poker promotions, and this is likely to end with the advent of a common network. Large weekend tournaments from both sites have been generating solid entry fields despite the bad publicity on the cheating incidents, and are likely to continue - perhaps with wider input from UB's poker ace Annie Duke, who recently revamped the tournament schedule and structure at Ultimate Bet with positive results.

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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