The Kahnawake Gaming Commission’s investigation into the UltimateBet cheating scandal has been concluded with the release of its final decision. The 11-page document does provide some new information.
â€¢ In total, Tokwiro, owner of UltimateBet, refunded $22,054,351.91 to players affected by the cheating incidences.
â€¢ Tokwiro paid $1.5 million in fines, plus the costs of the investigation, to the KGC.
â€¢ Tokwiro is on a one-year “probation” period, during which time it must provide all details of daily operations, including financial and gaming records.
â€¢ Going forward, Tokwiro must maintain three sets of web/game logs, one of which will be housed at the offices of the KGC.
â€¢ All officers, directors, shareholders, and key people associated with Tokwiro must be known to the KGC.
â€¢ There were 23 accounts and 117 usernames used in the cheating.
â€¢ Much of the stolen money was disbursed through player-to-player transfers on UB.
â€¢ Russell Hamilton, associated at the time with eWorld Holdings Group, was primarily responsible for the scandal. The “vast majority” of the IP addresses used were directly connected to Hamilton.
â€¢ Hamilton’s actions that constituted “criminal behaviour” were associated with 31 other individuals, whose names were not released in the document.
â€¢ All information has been provided to law enforcement authorities to determine if criminal charges can be filed.
The accompanying press release stated:
The decision released today reviews the corrective actions that have been taken by Tokwiro over the past 12 months, and concludes that Tokwiro has provided sufficient evidence to justify the continuation of its license to operate, subject to a number of additional conditions of licensure.
“Despite the unfortunate circumstances that resulted in this cheating, we are satisfied that the actions taken by the Commission provided an equitable result for affected players – our first priority. We remain optimistic that this experience and the lessons learned from it will result in a higher standard of gaming regulation for companies licensed and regulated within the Mohawk Territory of Kahnawake and elsewhere,” said Chairman Montour.