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However, it seemed hard to tell if the marketing spend was an effort to bring on new players or just an excuse for Tom and his cronies to travel around the world and party in different locations.
Everything seemed to be going just fine for Absolute Poker. In fact, in light of so many moves of a similar nature by their competitors, the company was planning to file papers to raise money in an IPO.
The industry was attracting some serious attention from investors given the massive profits being churned out. However, the cost of doing business was increasing, and the price of acquiring a new player was growing as a result.
Many firms had turned to public money to continue on the growth trend, and Absolute Poker was going to follow. Absolute Poker was in the perfect position to take advantage of this change in the industry.
They came to a swift deal to acquire the assets of Excapsa, a publicly traded software company that had an exclusive arrangement with Ultimate Bet for poker.
Absolute would take over the company, including benefitting from the revenues from the poker brand. Overnight, Absolute Poker was now 5 times their size with a market that saw its two largest players abandon their American databases.
Clearly, there was cause for great celebration at the Costa Rican headquarters of Absolute. The partying continued and became even more intense when the founders became the recipients of millions of dollars of UB revenue.
Nothing seemed to be a cause for concern; what ended up happening is so unlikely that it is hard to believe. New Years Poker. Valentine Poker. St Patricks Poker.
Cinco de Mayo Poker. More Games Solitaire. Given that the US Department of Justice DOJ has recently authorized payments to players who were affected by the scandals, a refresher is in order.
Once upon a time, in the late s, Greg Pierson and Jon Karl started a software company called ieLogic. Their goal was to create gaming software for massive multi-player online role-playing games think World of Warcraft.
Pierson was a poker player, and, during one trip to Las Vegas, he became acquainted with WSOP pro Russ Hamilton who convinced Pierson to use his software for online poker.
The rest is history. Pierson and Karl tweaked their platform while Hamilton spread word among other poker professionals about the forthcoming website.
Ultimate Bet also sponsored the popular poker television series Poker2Nite. Top Poker Rooms. Newsletter Signup.
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Instructions on how to provide this information will be included in the email notice. Specific questions regarding outstanding debts and offset amounts cannot be addressed by the Department of Justice or GCG.
Petitioners should continue to check this website for updates regarding the payment process and this administration.
Absolute also offers excellent freerolls, such as the WSOP freeroll. Absolute Poker offers e-mail correspondences only.
The response time is fast. The website is filled with frequently asked questions, too. The lack of telephone support brings the score down a bit.