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Absolute Poker Update

November 25, 2007

Poor Absolute Poker, they just can’t seem to get a handle on what is going on over there. First it looked as though someone may have been cheating, but the company assured everyone that this had not happened. Then the hand history was requested and it seems that this was no longer available. Then they announced that it was. These things on their own may not be a huge deal, but together simply shows that the company is having some internal communication and security issues that they have to address.

A few things that we have been alerted to are that the person who breached their security was an employee of the online gambling company and has since been fired from his position. The person who left him in charge of the site was his superior, and the two were reportedly friends. The superior has been removed from his position pending a full investigation and will no longer be running the company for a significant period of time.

The online gambling company is not releasing any names at this time, but it is known that the person responsible for this has both cashed out a large amount of money, and tried to delete the accounts that were in the scam. Those players that were cheated during the game will be repaid all of their money, and the online gambling community is not fully aware of the extent of those involved in the cheating.

As the online gambling company is worth more than a billion dollars, it would behoove them to have better checks and balances than this. It seems that they could be looking at a major downfall in revenue not just because someone cheated on their site, but for how they handled the situation.

The online gambling company is in the midst of being audited right now, by an outside firm. However, the site asked to be audited before they were told that they were going to be. It seems that if they had anything to hide they would never have asked for the audit at all.

 

Back to November 2007 Archive.

 

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