What\'s gone wrong at UB?
 

It's obvious that something very peculiar is going on at UB with the recent cashout delays, cancelations, and account closures due to bonus "abuse." I don't think that the UB managers are complete idiots, so my question then...

"What could be happening behind the scenes of UB to make them decide this current behavior of theirs is profitable to them as a business?"

Are they unable to remove the pts for cash bonus from abusers via the software, so therefore they just lock their accounts?

Are they in a bad financial situation? With their MGR calculation change, their 10% MGR fine to all US players, and this recent behavior in regard to cashouts; it seems to me that they are in a cash-grab mentality. I just can't decide if it is due to greed or necessity.

Re: What\'s gone wrong at UB?
 

They were bought by Absolute a few months ago... I severely doubt the issue is that they need cash.

I really think they are just being greedy because they no that US players have very few other options.

Re: What\'s gone wrong at UB?
 

Something real wrong is going on there. If anyone here still plays at UB i suggest you get your money out now. Unless you like the thought of them closing your account, canceling your withdrawls, keeping your funds and never answering another email from you.

Just speaking from experience.

Re: What\'s gone wrong at UB?
 

[ QUOTE ]
They were bought by Absolute a few months ago... I severely doubt the issue is that they need cash.


[/ QUOTE ]

I'm not suggesting that UB is going bankrupt, but is it possible that they are low on liquid funds? Seems to me that the Absolute buyout would remove money from their combined coffers as payout to the previous owners...not help their money woes.

Another theory: What's the yearly profit on delaying every cashout by 1 week? That's a lot of interest. I know I work for a small company and the money they earn by pushing our paychecks to monthly instead of weekly is significant.

Re: What\'s gone wrong at UB?
 

Why dont we mass e-mail UB and let them know whats on our mind. They really should have someone from their company who posts here. Im sending my e-mail to them now.

Re: What\'s gone wrong at UB?
 

I'm mainly annoyed with the IE security message everytime I pull up the cashier, and the message about buying in you get everytime you open up a table, anything I can do about those?

Re: What\'s gone wrong at UB?
 

I use PTFB (Push the F&$@ing Button) to auto-press those annoying popups at multiple sites. I use the commercial version, but have used the freeware in the past with just as good of results. I liked the product so tossed them some money out of respect more than necessity.

A Google search for PTFB should straighten you out.

Re: What\'s gone wrong at UB?
 

[ QUOTE ]
They were bought by Absolute a few months ago... I severely doubt the issue is that they need cash.

I really think they are just being greedy because they no that US players have very few other options.

[/ QUOTE ]

I don't think UB have definite liquidity problems, but just cause another company bought them, it doesn't mean much. I mean, Absolute might have had to burn a lot of cash in the acquisition, so Absolute could be more cash-poor than before the deal. And really, who honestly thinks that Absolute is thriving? We are at a point in online poker history where the growth boom has died out, and you can't be massively profitable anymore just by virtue of running a poker site. There are simply going to be a lot of sites in the next little while that go busto, it's inevitable. The strong ones that operate optimally will survive and grow, but a lot of smaller ones that did fine for years simply because it was impossible NOT to make money at it, will flounder and die. See: Tech boom, 1999.

Re: What\'s gone wrong at UB?
 

It's very simple. Absolute Poker purchased them and they are running UB the same way they have been running AP.

Re: What\'s gone wrong at UB?
 

Into the ground?

Re: What\'s gone wrong at UB?
 

Funny how we can get a different story depending on which forum we visit.

I posted the following on Internet Bonuses forum at this site:

IS UB GETTING READY TO CLOSE?
#9823889 - 04/03/07 11:08 AM
I've been playing on UB for several years. After the Neteller fiasco I left $200 on UB and have cashing out profits (gameplay plus bonus points converted to cash) above $200 weekly.
I usually play 9 tables of $10NL. Yesterday I played 2 SNG's in addition and lost $44 playing BJ.
Today my account was frozen for bonus abuse and my funds siezed. I sent in the photo ID and an explanation as requested but since my account was already validated I doubt it will make a difference.
Anyone else had a similiar experience?

And got this reaction from:
dlk9s Pooh-Bah
Reged: 11/28/04
Posts: 2124
Loc: Oh, Fudgems!
Um...yeah...

...I'm locking this thread because a) it is stupid, b) it doesn't belong in "Internet Bonuses," c) it is dumb.

Guess the story on UB depends on who you talk to.

Re: What\'s gone wrong at UB?
 

Eldon, I realize that you were asking that forum if anyone else has had a similar experience, but the title of your thread was "Is UB getting ready to close?"...and didn't bother to list any evidence you had (other than your personal experience) as to why you believe that UB closing is a possibility.

Had you mentioned the vast number of similar stories in the Internet forum, you might have gotten a better response. As it is, the posters and mod who responded to you are more than likely unaware of anything fishy going on at UB, so your post came off as "I'm having problems making a withdrawal, is UB closing?!?!"

Re: What\'s gone wrong at UB?
 

That's exactly why it was locked...I replied to this thread asking about the correlation between his W/D problems and UB closing...and also told OP to search since there have been NUMEROUS ub w/d threads already...