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About LinkBacksAccording to a story in The Independent, 888 may have to pay up to $120 million in fines to the US Department of Justice in order to avoid possible legal action.
http://news.independent.co.uk/busine...cle2944312.eceThe US Department of Justice is gunning for operators under the Internet Gambling Enforcement Act. Despite its withdrawal from the US market, 888.com and its rival Party Gaming may be forced to cough up profits made before the online gaming ban became law.
Penalties on this scale could put the gaming companies out of business and 888.com will have to convince investors that it has the situation under control.
How has the company performed? Ever since it was forced to withdraw from the US last October, it has been making bullish noises and the City is awaiting a strong performance for the first half of the year.
The company is expected to report a pre-tax profit of $16.4m on revenues of $94.6m. It is estimated that full-year revenues for 2007 will be roughly $198m, up from $157m in 2006.
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9 September 2007, 5:36 am #1
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888 may have to pay $120 million in fines to DOJ
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The Following 2 Users Say Thank You to The Buzz For This Useful Post:
Engineer (12 September 2007)
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11 September 2007, 11:24 am #2
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can't think of a more deserving place.
Almost Here! How would you like to be able to get not just one sign up from your player, or even a couple, but every single casino they join from here on? I've a plan that can make that happen and it will likely also tell you every time the player is active within the casino.
Gambling Affiliate Place
Slot Machine Games
Casinos Accepting USA Players
Real Time Gaming Slots
slots tip
avoid non paying casinos
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12 September 2007, 7:32 am #3
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This would be nice. The figure probably works out to the amount 888 has burnt affs in the past. Funny how things eventually come full circle. If this becomes reality I certainly would be overjoyed.
Originally Posted by bb1web
Thanks for this one "buzz" keep up the good work.
greek39
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12 September 2007, 11:33 am #4
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Buzzy will keep doing his best ... and don't forget about that little "Thanks" button which you can use to formally thank GPWA members. Buzzy is a vain one, and he would love to see tangible evidence of your love for his dedication to the GPWA Originally Posted by greek39
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12 September 2007, 5:46 pm #5
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Okay Buzzy I gave your well deserved thanks. Originally Posted by The Buzz
Buzzy will keep doing his best ... and don't forget about that little "Thanks" button which you can use to formally thank GPWA members. Buzzy is a vain one, and he would love to see tangible evidence of your love for his dedication to the GPWA ...
greek39
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