Well-known high stakes player Brad Booth and seven other poker players filed a complaint against Ultimate Bet and its former parent company Excapsa Software at the US District Court for Central California.

They’re alleging UB and Excapsa committed fraud and grand theft to steal $22 million from online players during the scandal a few years ago that involved the use of super-accounts.  The operator of these super-user accounts had access to the hole cards of all players at the table.  These accounts were supposedly built in to the software for technical purposes, but then used by others to cheat at the game.

The eight players, who regard Ultimate Bet as directly complicit in the scandal, seek a total of at least $10 million in punitive damages.  Booth is asking for more than half a million.

The complaint states: “Since at least June of 2003 and until at least January of 2008, Excapsa/Ultimate Bet did conspire to and did direct, effect and permit the theft of over $2,000,000 held in plaintiffs’ online poker accounts at UltimateBet.com.  Specifically, by creating and making use of an intentional security flaw in the UltimateBet.com software and with the assistance of owners, agents and employees of Excapsa and its various subsidiaries that operated UltimateBet.com, defendants either allowed others to or did directly view plaintiffs ‘hole cards’ during high-stakes poker matches run at UltimateBet.com.”

If you thought the UB-Absolute Poker scandal was forgotten because of the magnitude of the Full Tilt debacle, it hasn’t.  It’s clawed its way back into the limelight and will probably stay there until this gets resolved.

For all the players watching the almost daily drama over the fate of online poker in the US, the UB scandal is just another reason for licensed and regulated poker in this country.

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New Jersey Governor Christie (pictured) expects to have legislation on his desk permitting online gambling in New Jersey—perhaps as early as the end of January. The US Justice Department recently said it would be legal for in-state residents to gamble online, and Christie—who vetoed the first proposal to allow Internet wagering last March—says an agreement with state senator Raymond Lesniak, the bill’s author, is near.

“He’s been willing to tighten up the language so that we don’t have Internet gaming warehouses popping up in suburbs all over New Jersey, which was one of the real risks we thought (possible) with the last bill, and that the horse racing subsidy is gone…”

So the real horserace is on. Which state will be the first to license, regulate, and tax intrastate poker within their borders.  Right now it looks like New Jersey is leading, but Nevada could make a charge any day now, and even though Gov. Christie expects to see a bill reach his desk in the next few weeks, politics offers few guarantees.

Nevertheless, New Jersey would make a terrific test bed for intrastate online poker because it is populous enough to have enough of a player base to support a variety of games.  And when that first state comes online and other states see its revenue stream, there’ll be a rush to bring poker to other cash-strapped states (that’s probably all of them) in short order.

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Macau Gaming Revenues Five Times Those of Las Vegas

January 5, 2012

According to a Reuters report issued earlier this week, casino revenue in Macau surged 42 percent in 2011.  The result, a slight slowdown in growth from 2010 when revenue soared a staggering 58 percent, has taken place during a worldwide global economy and credit squeeze. Macau, a former Portuguese colony located an hour from Hong [...]

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Nevada Adopts Online Gaming Regulations

December 23, 2011

Nevada became the first state in the country to adopt online gaming regulations when the Nevada Gaming Commission passed rules to control online poker. The state legislature mandated that the gaming commission adopt regulations before the end of January 2012. Nevada’s goal is to continue being the gold standard for gaming in the United States. [...]

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Absolute Poker’s Payment Processing Head Cops a Plea

December 22, 2011

Preet Bharara, US Attorney for the Southern District of New York, announced that Brent Beckley, Absolute Poker’s director of payment processing, pled guilty to conspiracy to engage in unlawful internet gambling and conspiracy to commit bank fraud and wire fraud.  The fraud counts were in connection with a scheme to deceive US banks and financial [...]

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Jamie Gold to be Face of the Tropicana’s Poker Room

December 14, 2011

The Tropicana Las Vegas recently announced that 2006 WSOP main event winner Jamie Gold was named the casino’s poker spokesperson and that their redesigned poker room will be named “The Jamie Gold Poker Room.” I think this is a terrific move.  Gold—a guy with personality plus—was born for a role like this.  And his unique [...]

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Installation Day

December 6, 2011

Sunday was “Installation Day” for me.  I got a new PC to replace my existing computer, which was nearing five years old and sounding like a bad used car whenever I turned it on. So I ordered a new Dell and spent the day loading software and transferring files, while running back and forth to [...]

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Million Dollar Baby

December 6, 2011

World Series of Poker officials yesterday that 22 players have committed a $1 million buy-in, enough to stage what will be the most expensive card tournament ever.  It will be an official bracelet tournament that counts toward series earnings and title records. In a statement to the Associated Press yesterday, WSOP spokesman Seth Palansky said [...]

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Barry Tanenbaum, R.I.P.

November 23, 2011

Barry Tanenbaum passed away yesterday.  Although you never saw him on TV, he was a legendary limit hold’em player and a fixture at the $30-$60 limit games and above at the Bellagio. But more than that, Barry was a friend and inspiration to everyone who knew him, and I doubt that he had an enemy [...]

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Heinz Czechmates Straszko at WSOP Main Event

November 10, 2011

Congratulations to 22-year-old Pius Heinz on winning the main event at the World Series of Poker and taking down more than $8.7 million in the process of defeating Czech chess expert Martin Straszko. The Czech seemed poised to win after one of the longest heads-up battles in WSOP history.  Heinz body language in the 15 [...]

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