This morning RakeTheRake reported that Victory Poker, currently a member of the Cake Poker Network, will be moving to Cereus. This is interesting because it will be the first time Cereus has a skin that they don’t own unless there is an ownership change going on behind the scenes as well.
I think this shows how bad things are going at Cake Poker. Victory Poker, who according to industry insiders has liquidity issues, has chosen to bail on Cake Poker and go to a network that is known for multiple insider cheating scandals and refusing to honor bonus and promotional agreements with players. If Victory Poker thinks Cereus is a better solution than Cake Poker just how bad are things on the Cake Poker Network?