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They are completely unregulated, so basically they can do what they want. And that is just what lots of online casinos and poker sites have been doing from day one.
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Someone in this thread (could have been one of the other two threads actually) said that they are regulated and audited by PWC and pointed to this website
http://grpoker.com/absolutepoker/
Is this incorrect?
Edit: Looking more into this, it turns out that this is a financial audit. Security audit is performed by
Gaming Associates.