PartyGaming is nearing a settlement with the US Justice, similar to the settlement that Neteller made, according to recent media reports.

According to AFX News, Forbes and other media reportage, (Party CEO Mitch) Garber told reporters that discussions on the issue were progressing in a constructive manner, generating confidence that a resolution could be reached this ( 2008 ) year.

"It's very hard to predict. There's some fluidity to it. We're in the midst of a process and our attorneys tell us it is moving in the right direction and at the right speed," Garber said.