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Antigua-based Absolute Poker, which also bought and now owns Ultimate Bet, has been plagued with scandal after scandal with no oversight or intervention by the

Antigua-based Absolute Poker, which also bought and now owns Ultimate Bet, has been plagued with scandal after scandal with no oversight or intervention by the government. They also happened to be spending the cash of players, rather than carrying enough cash on hand to cover all obligations to players AND maintaining a firewall that keeps their deposits from being considered part of the corporation. Many professional players I know are out of significant sums of money. As a player myself, I don't consider Antigua-hosted gaming corporations trustworthy.

chegra 15y ago
Was anything filed with the Police?
- TheCowboy 15y ago
  Police? Police don't handle these matters. And the reason these companies locate in Antigua and other places is due to lax laws and enforcement. By Antigua's standards, they have done no wrong. If there is no law on the books that protects players, then they broke no law. If they choose to limit withdrawals to $1 per week, what law are they breaking? There will be no justice here. The best one can hope for is that they somehow survive long enough to get back on secure financial footing. There are other examples from other small island countries. Look at Microgaming and companies that ran 'skin' sites on their network. Years have gone by and there has been zero progress, and what information is available is sparse and contradictory. I was affected by one of these sites, and you think that calling the Malta police on Eurolinx will accomplish anything? The money is gone having disappeared into the pockets of the owners, and the owners are gone. Any investors, creditors, or customers will see no money. And in some cases, any money that exists will go to creditors before the players.
  - chegra 15y ago
    Give the ppl below a call. And have a read of the financial regulations: http://www.antiguagaming.gov.ag/files/Antigua_and_Barbuda_Gaming_Regulations-Final.pdf http://www.antiguagaming.gov.ag/files/Antigua_and_Barbuda_Ga... ________________ Financial Services Regulatory Commission Division of Gaming 2nd Floor - West Wing First Caribbean Financial Centre Old Parham Road P.O. Box 588 St John's Antigua and Barbuda West Indies Tel: (268) 481 3300 Fax: (268) 481 3305 Email: Director: director@antiguagaming.gov.ag General Information: info@antiguagaming.gov.ag

chegra 15y ago

Was anything filed with the Police?

TheCowboy 15y ago
Police? Police don't handle these matters. And the reason these companies locate in Antigua and other places is due to lax laws and enforcement. By Antigua's standards, they have done no wrong. If there is no law on the books that protects players, then they broke no law. If they choose to limit withdrawals to $1 per week, what law are they breaking? There will be no justice here. The best one can hope for is that they somehow survive long enough to get back on secure financial footing. There are other examples from other small island countries. Look at Microgaming and companies that ran 'skin' sites on their network. Years have gone by and there has been zero progress, and what information is available is sparse and contradictory. I was affected by one of these sites, and you think that calling the Malta police on Eurolinx will accomplish anything? The money is gone having disappeared into the pockets of the owners, and the owners are gone. Any investors, creditors, or customers will see no money. And in some cases, any money that exists will go to creditors before the players.
- chegra 15y ago
  Give the ppl below a call. And have a read of the financial regulations: http://www.antiguagaming.gov.ag/files/Antigua_and_Barbuda_Gaming_Regulations-Final.pdf http://www.antiguagaming.gov.ag/files/Antigua_and_Barbuda_Ga... ________________ Financial Services Regulatory Commission Division of Gaming 2nd Floor - West Wing First Caribbean Financial Centre Old Parham Road P.O. Box 588 St John's Antigua and Barbuda West Indies Tel: (268) 481 3300 Fax: (268) 481 3305 Email: Director: director@antiguagaming.gov.ag General Information: info@antiguagaming.gov.ag