More stories about internet gambling companies that used to take US bets looking to settle with the US to avoid prosecution ... this one deals specifically with Sportingbet.

(Andy McIver) revealed Sportingbet was, like rivals PartyGaming and, in talks with U.S. authorities to cut a deal to end the threat of retrospective prosecution for taking wagers from U.S. punters before online gambling was effectively outlawed a year ago.

"We are in talks. It's a very slow process, you work to their agenda," said McIver.

"They have never named a figure (fine) but talked about a formula... All the conversations we have had have all been amicable and have all been constructive."

Buzzy always wonders if in these "conversations" Sportingbet says anything like "Well it's all going to be a wash when you have to pay the EU $100 billion in WTO compensation anyway ..."