Absolute Poker Fined Over Poker Scam

16th January

Absolute Poker has accepted the penalties handed down to them in a statement released to the media which said, “After reviewing the published report, we recognize the completeness and accuracy of the KGC conclusions, and we accept without reservation the KGC’s findings and sanctions. Most importantly, we are pleased, after these many months, that Absolute Poker can finally put behind it a most distressing and regrettable experience for the Company, its employees, and its customers.”

This came after the full findings of the investigation carried out by the Kahnawake Gaming Commission into the scandal were released on Friday January 11.

The main penalty imposed was a fine of $500,000 US that Absolute Poker must pay within 60 days. Others are that they must foot the bill for the investigation carried out by Gaming Associates, they are required to place a surety with the KGC for two years against future conduct and they must agree to be randomly audited at their own expense. Precautionary measures that have been requested include permanent exclusion of those responsible for the scam and a program to counteract another occurrence.

Absolute Poker went on to reiterate that it has refunded all players that were affected by the security breach and that they have repaired the weaknesses in their systems that allowed it to happen in the first place. They say they have appointed a team “to improve controls and install safeguards.”