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KAHNAWAKE GAMING COMMISSION COMMENT ON EXCAPSA RULING
Hard on the heels of press reports concerning an Ontario Superior Court settlement between the software provider Excapsa and Blast Off Limited this week (see previous InfoPowa report), the Kahnawake Gaming Commission has issued an official statement.
The settlement forms a part of liquidation proceedings on Excapsa, which cannot realise the full benefits of a purchase price agreed in 2006 with Blast Off Limited until a $15 million question of compensation has been settled. Excapsa sold its flawed software with UltimateBet and Absolute Poker to an ex-grand chief of the Mohawks, Joe Tokwiro Norton.
The flaws in the software were subsequently exploited, allegedly by former WSOP champ Russ Hamilton, to cheat players at the online poker sites over several years. The cheating was exposed by player-detectives, and this eventually led to the KGC appointing an enquiry into the scandal by consultant and regulatory specialist Frank Catania. Based on Catania's findings, the KGC imposed a $1.5 million fine on UltimateBet, considerably higher than a fine of $500 000 imposed on sister site Absolute Poker some weeks earlier.
The Commission also made the retention of its licence conditional on several requirements to be accomplished by November 3. These included the removal of any staff or contractors implicated in the cheating; proof that the flaws had been fixed; ongoing monitoring by the KGC and the refund of money to all players who may have been prejudiced by the cheating.
Because it was embroiled in a civil claim against Excapsa, which was seeking liquidation, as the seller of the flawed software, UltimateBet asked for an extension of the November deadline, which has now been granted.
The Kahnawake statement reads:
Kahnawa:ke Gaming Commission Confirms UB Compliance with Interim Decision:
"The Kahnawá:ke Gaming Commission ("KGC") announced today that it has received information from its agents, Ultimate Bet and other related parties indicating that Ultimate Bet has addressed, or is addressing, the matters set out in the KGC interim decision of September 29, 2008.
"In particular, the KGC has confirmed that Ultimate Bet has commenced reimbursing approximately US$15 million to players who were adversely affected by the cheating incidents. This is in addition to the US$6.1 million that Ultimate Bet has already reimbursed to players.
"The KGC will defer its final decision in this matter for a short period of time for the purpose of ensuring that all required reimbursements have been made.
"In addition to reimbursements to players, the KGC is considering the available evidence and will decide whether Ultimate Bet has satisfied all of the other terms of the KGC interim decision.
"The KGC's final decision in this matter is expected to be issued once all player refunds have been confirmed.
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NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
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Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
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PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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