Joined: May '08
Location: Germany
Age: 59 (M)
Posts: 6786
Looks like the parent company of the two poker rooms is going bust. They fired more than 300 of their staff, and will file for bankruptcy protection in Norway, where the parent company of the parent company is based. Doesn't look to good for player balances. (Can't post the link here, butt papa Google will do it)
Joined: Mar '08
Location: United Kingdom
Age: 44 (M)
Posts: 6714
From hero to bust... Its also been reported they have a serious network encryption vulnerability (open the thread can outher players see my cards) Players max withdraw of $250 p/w, shocking I bet they are still taking new players. I find it amazing how sites like these go bust, how can rigged sites go bust
Joined: Mar '11
Location: Germany
Age: 55 (M)
Posts: 1242
Well I also read about this. Glad that I don`t have money on these sites. But Iam afraid that these rooms will not be the only ones which will get in trouble
Joined: Feb '11
Location: Canada
Age: 57 (M)
Posts: 753
Makes me wonder if this is why Phil left UB. Maybe he knew something was up there. Also makes me wonder if Absolute is trying this to get out of this court battle with the US Gov.
Joined: Feb '11
Location: Germany
Age: 31 (M)
Posts: 1859
On sites like 2+2 people offer very huge VIG on transfers (saw a guy posting he's offering his $2560 on UB for $1K on stars etc.). The players that have got most of their roll there are def. in trouble now
Joined: Feb '10
Location: Canada
Age: 40 (M)
Posts: 197
I have about 60c in my account at UB.... its been in there ever since the cheating scandal went down at Absolute.... I will NEVER play at either of those sites EVER again.....And I hope many others follow the same path as I did.....
Joined: Oct '09
Location: Lithuania
Age: 43 (M)
Posts: 2805
bad news for people who playedf there have money and now all was frozen sites will go to bankrupct and all the money will be stolen they work hard and now all the job for money increasing was just stolen bad bad bad good luck and never loose your hope
Joined: Mar '11
Location: Germany
Age: 54 (M)
Posts: 217
Posted by B1gfoot: how can rigged sites go bust
If they ignore the signs of the time and eat even the poisened fishes at their tables in their greed... these will not be the only ones, wait and see and remember little dobby dob.
Joined: Nov '09
Location: Canada
Age: 55 (M)
Posts: 2387
Posted by BMWman: Makes me wonder if this is why Phil left UB. Maybe he knew something was up there. Also makes me wonder if Absolute is trying this to get out of this court battle with the US Gov.
I agree. I tried Absolute Poker a few years ago on a free bankroll and was less than impressed with their software and customer service. Emails would be answered with a generic reply that didn't address my problem, and when the bonuses that I was supposed to be reaching through points weren't being honoured I went for broke on an omaha table and ... went broke! Never felt the urge to play there again...
Joined: Nov '10
Location: Serbia
Age: 37 (M)
Posts: 2087
Im lover of UB! I know about scandal and stuff but I really enjoy playing there! Mtt tourneys made me nice money and Im now regular at 5$ SNG HU there. Hope this is false alarm but I still withdrawn my money after reading this. Maybe they fired workers because they need less of them couse there are no more USA players
Joined: Feb '11
Location: Germany
Age: 31 (M)
Posts: 1859
Posted by jovicakralj: Im lover of UB! I know about scandal and stuff but I really enjoy playing there! Mtt tourneys made me nice money and Im now regular at 5$ SNG HU there. Hope this is false alarm but I still withdrawn my money after reading this. Maybe they fired workers because they need less of them couse there are no more USA players
Good chance you won't see any of your money. They filed bankruptcy yesterday and their payment processor announced that they will not process any payments anymore. So unless some other site buys the network (which is pretty much like buying a broken Computer/TV/anything that you can't repair anymore) no one who has money there will get it
Joined: Feb '08
Location: Netherlands
Age: 52 (M)
Posts: 818
Hmmm this is starting to look very bad, i also stopped playing at AP after the big scandal a couple of years ago. But i never was a fan of their software and promotions anyway. Much strenght for the people who still have money in their AP and UB accounts, don't think they will see it back.
Joined: Apr '11
Location: Romania
Age: 35 (M)
Posts: 6669
There is too much info about this in order not to be true so Ultimate bet and absolute poker is officialy done. Now the big question is if players will be able to recover any of their money back, but i imagine each player should open a process with the mother company in order to be able to recover something. Players that had over 10.000 dollars in their accounts it's clear that it's worth the fight but for those than only have couple of hunders dollars the cost of the process will be a lot higher than the money you should recieve back. It was clear this newtork will bust soon considering it only had US players, so once those are gone the traffic was down a lot and with no more rake the company of course was going to bust....
