Wednesday, December 3, 2008

Gaming Commission Responds to 60 MInutes Story


As expected, there have been responses to the 60 Minutes story that ran this past Sunday about cheating scandals that took place at Absolute Poker and Ultimate Bet online poker rooms. The responses have come in answer to the accuracy of information put forth by the news agency and mostly from the Kahnawake Gaming Commission who were definitely painted as the bad guys in the story.


The Kahnawake Gaming Commission currently registers and regulates more than 60% of the existing online poker play. The KGC expressed a belief that several issues were omitted from the 60 Minutes report despite having given that information to the news agency during their research for the story.


Namely, the Kahnawake Gaming Commission has pointed out that most if not all of the monies lost by players on the sites during the course of the cheating scandals has been reimbursed. UltimateBet has allegedly refunded something like twenty million to its victimized players.


The Kahnawake Gaming Commission also wanted to emphasize the scandal occurred while both Absolute and UltimateBet were owned by Excapsa, a public company, and not its current owner, Tokwiro Enterprises, who has been promised a payment from Excapsa of 15 million.


Additional issues brought up by the Kahnawake Gaming Commission that appear to have been missed by 60 Minutes include the change of gaming software in an attempt to prevent further cheating in the future as well as a criminal complaint against the alleged cheater Russ Hamilton.


The story has thrown both the Kahnawake Gaming Commission and online poker under the microscope once again and one can only hope that the right decisions will be made in regards to future operation of this lucrative gaming enterprise.

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