$1.8 Million Fine Paid

01/22/2009

The Mohawk Council of Kahnawà:ke would like to announce that it has appropriated $1.8 million (cdn) in fines levied to Ultimate Bet by the Kahnawà:ke Gaming Commission (KGC) in September of 2008. The fines were paid in full in October 2008.

At the Monday, January 19, 2009 council meeting, Chief and Council appropriated the funds for future use in the following areas:

•    $500K    KGC - development
•    $200K    Heavy Equipment replacement
•    $300K    Education operating shortfalls
•    $800K    Institutional development, including justice system

The fines were incurred following revelations of a cheating scandal which occurred on the Ultimate Bet website between 2007 and 2008. Part of the appropriations of funds is intended to demonstrate that the KGC is committed to ensuring that interactive gaming is conducted in a fair, transparent and honest manner for the benefit and enjoyment of all players.