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.