Refunds, Fines, Overhaul for Ultimate Bet, KGC Decrees

2008-09-30 08:16

http://igamingnews.com/index.cfm?page=artlisting&tid=9787 By Emily D. Swoboda IGamingNews.com September 29, 2008 The Kahnawake Gaming Commission today reported the initial findings of an audit being conducted on its licensee, Ultimate Bet, following a cheating scandal which spanned three-and-a-half years. The audit, which has been underway since August under the direction of Frank Catania Sr., president of Catania Gaming Consultants and former director of the New Jersey Division of Gaming Enforcement, has turned up the name of the main individual responsible for the scheme that siphoned more than $6.1 million from player accounts. The cheating, which was first discovered by members of a popular online poker community, has been found to have been perpetrated mainly by Russ Hamilton, the World Series of Poker winner who was formerly associated with Ultimate Bet's affiliate program, according to the commission. It is understood that Mr. Hamilton is not the only individual involved, and other names are likely to come out in the final report. [...] __________________________________________________ Register now for HITBSecConf2008 - Malaysia! With a new triple-track conference featuring 4 keynote speakers and over 35 international experts, this is the largest network security event in Asia and the Middle East! http://conference.hackinthebox.org/hitbsecconf2008kl/

News URL

http://igamingnews.com/index.cfm?page=artlisting&tid=9787