By
Dan |
Published
Jul 30 2008, 09:38 AM
This week, the Ultimate Bet scandal and the formation of CEREUS take center stage on the PocketFives.com Podcast, as we welcome Paul Leggett, Chief Operating Officer of Tokwire, the parent company of Absolute Poker and UB. Leggett has had a busy 2008 calendar year, as Ultimate Bet has been plagued by a scandal purportedly involving its former owners. Last week, Tokwire announced the formation of CEREUS, the third largest poker network. CEREUS isn’t a new online poker site; rather, the network will merge the player bases of Ultimate Bet and Absolute Poker. With so much attention being drawn to Tokwire, let’s take a look at the latest from the investigation as well as what you can expect from CEREUS.
Though the investigation into the cheating on Ultimate Bet may have taken longer than many would have expected, Leggett claims that the company is doing all it can to resolve the situation: “There has never been any cover up in our investigation. We’ve made two statements listing the accounts that were involved and we made another statement last week regarding the completion of our investigation. We handed our findings over to the Kahnawake Gaming Commission.” He continues, focusing on the transparency of Ultimate Bet’s investigation: “We’ve tried to be forthcoming as to how the cheating happened. People will be happy when this is over that our investigation was thorough and that we’ve caught all of the cheating.”
Ultimate Bet’s option to pursue legal action is one reason why Leggett hasn’t publicly pointed fingers at who was behind the scandal: “I get asked all the time why we can’t name who cheated. There’s nothing I would like better than to name the perpetrator’s name, but our situation isn’t that simple. We’ve collected a massive amount of evidence, including the IP addresses that accessed the cheating tool, withdrawal records, and statements we’ve taken from people. I’m confident in my own mind that I know who the perpetrator is, but I can’t condemn someone publicly. We’re not a court of law, so we have to be careful in what we say.” In addition, Tokwire’s lawyers have advised Leggett and others to avoid placing blame.
On how Ultimate Bet and Absolute Poker have been affected, Leggett explains, “We just inherited this problem and we’re doing everything we can to fix it and satisfy the public. We’re trying to rebuild the brand, rebuild trust, and show that we’re secure. The business has never benefited from any one of these instances of cheating. It’s only suffered.” His words to advice to other owners and operators of online poker sites: “I would strongly advise to other online poker sites that any security issue is a major disaster for your business. Our brands have been tarnished and associated with cheating very heavily. We have to fight and prove to the world that we are committed to transparency. “
Ultimate Bet and Absolute Poker both officially became part of the CEREUS network last week. The players from each site will be merged together, forming the third largest online poker network. Ultimate Bet has two million registered users by itself. Leggett discusses the background of the formation of CEREUS: “It’s been talked about ever since Tokwire acquired Ultimate Bet and Absolute Poker. One day, we would merge the two poker rooms to create a better poker experience. In recent times, it’s become more important to us. Our product is going to be more simplified and efficient so that we can roll out new products faster, we can provide our customers with better service, and we can dump our cost savings into enhancing one platform.” No skins are expected in the near future for CEREUS. A massive new security center is planned. In recent weeks, the company has hired new auditors and security team members in order to enhance this area of Ultimate Bet and Absolute Poker.
He sums up his thoughts on the Ultimate Bet and Absolute Poker misgivings by lamenting, “We’ve had a drop in business this year and we’ve struggled to continue to grow. We have years of work to do to repair these brands and fix this situation completely.” Check out the entire interview with Paul Leggett, Chief Operating Officer of Tokwire, this week on the PocketFives.com Podcast.