..

Are You Serious? Cereus Network, Absolute Poker Down to 86 Real Cash Players

Written by:
C Costigan
Published on:
Jun/26/2011
Cereus Poker Network

The downfall of the Cereus Network and its Absolute Poker, UB.com brands post “Black Friday” April 15 indictments has all but destroyed the company.

In just a matter of two months since being forced to exit the US market, Cereus has seen its “real cash” player base drop from several thousand daily average to a mere 86 during the final week of June.  It had once ranked among the top 5 online poker sites worldwide.  As of this writing, it ranked number 36.

Along with PokerStars and Full Tilt Poker, Absolute and UB.com, Cereus’s flagship brands, were charged by US authorities with money laundering and bank fraud.  The company claimed it was sold to one Stuart Gordon, who operates the BingoMania.com website out of Antigua.  Gordon is yet to comment on the failure of UB.com and Absolute Poker to relinquish funds to players.

Neither Absolute Poker, UB.com or Full Tilt Poker have paid out their US customers.  PokerStars has paid everyone in full.

- Chris Costigan, Gambling911.com Publisher

Poker News

Suspect Arrested in Poker Pro Susie Q Murder Case

Suspect Arrested in Poker Pro Susie Q Murder Case

A 60-year-old Michigan man has been arrested in connection to the death of professional poker player Susie "Susie Q" Zhao, authorities said.

Kid Poker, Doug Polk Agree to Settle Long Running Fued....With Game of Poker

Kid Poker, Doug Polk Agree to Settle Long Running Fued....With Game of Poker

Poker pro Daniel Negreanu has accepted a challenge to play fellow pro and Youtuber Doug Polk following a long-running feud between the two men.

Michigan Authorities Exploring Poker Ties in Brutal Murder of Susie Zhao

Michigan Authorities Exploring Poker Ties in Brutal Murder of Susie Zhao

“We’re looking at every avenue — whether it was part of her hitchhiking — she used to hitchhike quite a bit. She got rides with people she didn’t know frequently,” a police spokesperson said.

FBI Investigating Poker Pro Murder, Body Set on Fire

FBI Investigating Poker Pro Murder, Body Set on Fire

The charred body of Zhao, 33, was found in a Michigan recreation area about an hour away from Detroit July 13 with the tragic news only going public in recent days.

Pro Poker Player Set on Fire

Police asked the public for help in a grisly killing of a female pro poker player in Michigan.

Syndicate