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KGC responds to 60 Minutes story
The Kahnawake Gaming Commission has issued a clarification regarding the 60 Minutes story titled "The Cheaters" that aired this weekend.
The popular TV show aired a 12-minute segment titled "The Cheaters," which chronicled and updated the story of the cheating scandals on Absolute Poker and UltimateBet that broke last year and earlier this year. The reporters were particularly tough on the KGC, which licenses both sites.
In the release, the KGC took issue with four key points that were omitted from the report. The KGC claims the information was provided to the show's producers but was left out of the storyline.
The first issue, according to the KGC, was that the UltimateBet cheating was initiated while the gaming site was owned and operated by public company Excapsa. According to a settlement agreement finalized in November 2008, Excapsa agreed to pay Tokwiro Enterprises (which now owns UltimateBet and Absolute Poker) a total of $15 million.
Secondly, the KGC wanted to reiterate that all players who were adversely affected by cheating (both at Absolute Poker and UltimateBet) were fully reimbursed. In the case of UltimateBet the refunds amounted to over $20 million.
The release went on to state that the KGC and its agents have reviewed Absolute Poker/UltimateBet operations and systems and have confirmed that all necessary steps were implemented to prevent cheating in the future. Migration to the CEREUS software platform was approved and monitored by the KGC.
Finally, the KGC once again brought up the fact that they have initiated a criminal complaint against alleged cheater Russ Hamilton, and that more complaints may follow.
The accuracy of the 60 Minutes story has already come under fire. Even on the 60 Minutes message board, several users have pointed out the fact that reporters declared that online poker is illegal in the U.S. and Canada. This is false, as only the payment processors are illegal; playing online poker is legal in most U.S. states and all of Canada.
It's estimated that the KGC registers and services more than 60% of the world's Internet gaming activity. The KGC is empowered to regulate and control gaming and gaming-related activities conducted within and from the Mohawk Territory of Kahnawake.