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  1. #1
    The Buzz's Avatar
    The Buzz is offline GPWA Gossip Hound
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    Default PartyGaming reaches settlement with U.S.

    The U.K. gambling firm, once a huge presence in the U.S., has reached non-prosecution deal with U.S. authorities that will cost the company $105 million.

    PartyGaming had closed U.S. operations shortly after the UIGEA went into effect and has been in negotiations with the U.S. government since mid-2007.

    From MarketWatch:

    "The resolution of our position with the U.S. authorities marks an important day for PartyGaming. It has been a long and complex process, but we have reached an amicable solution," said CEO Jim Ryan.

    "We are now well-placed to seize organic as well as strategic opportunities that previously were beyond our reach," he added.

  2. #2
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    e-gamblingcity.com is offline Private Member
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    alexpratt is offline Private Member
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    Default

    Aren't we all! But I see this as positive and ultimately helping pave a way back in - Should also be very interesting to see what deals Party do over the next 9 months as this US thing has held them back a lot and now they can work with, merge with or buy/be bought by anyone..........
    iGB Affiliate - The biggest magazine and events for affiliates in igaming

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    Quote Originally Posted by alexpratt View Post
    Aren't we all! But I see this as positive and ultimately helping pave a way back in - Should also be very interesting to see what deals Party do over the next 9 months as this US thing has held them back a lot and now they can work with, merge with or buy/be bought by anyone..........
    I think it's only neutral for those who don't like the gambling industry in US. We can only wish that their decision is always fair mutually?

  5. #5
    SoCooLBob is offline New Member
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    Default Confused

    I'm confused.
    Weren't those the people who lost BILLIONS when the US
    one day passed a law "outlawing" onling gaming?

    Party Poker?

    And now they're PAYING the US Govt for their transgressions?

    Sounds like a BAD BEAT to me.

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