Party Gaming Deal With U.S. In Sight?
Published: Friday, May 09, 2008 Online-Casinos.com
PARTY GAMING DEAL WITH U.S. AUTHORITIES IN SIGHT?
CEO confident of a resolution before end of 2008
London-listed online gambling group Party Gaming plc could achieve a settlement of its U.S. position with Department of Justice officials before the year is out, Chief Executive Officer Mitch Garber told business reporters this week. Garber, who leaves Party Gaming on 1st May 2009, said his departure would not impact such a settlement.
The company, which exited the United States market following the enactment of the Unlawful Internet Gambling Enforcement Act in late 2006, has been in negotiations with the U.S. authorities for some months, apparently seeking a settlement on its pre-UIGEA activities which would obviate any risk of retrospective prosecution. Such a settlement would considerably strengthen the company by removing uncertainties flowing from the American legal situation.
According to AFX News, Forbes and other media reportage, 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.
The reports recall the Neteller plc case, where the Isle of Man-based e-cash processor paid a $136 million settlement to avoid further prosecution arising from its involvement in U.S. online gambling transactions pre-UIGEA, and recalls that Gibraltar-based gambling group 888.com has also reportedly initiated talks with the US authorities.
An old favorite brought back under a new software brand, U.S. friendly.
Use just one account to access poker, sports book and casino gaming.
Excellent number of high-quality games and great support.
Nice sign-up and on-going bonuses with fast cash withdrawal processing.
Good selection of fun games including some new, innovative games on offer.
Huge sign-up bonus with reasonable wagering requirements and an excellent look and feel.
New players receive an insane 200% bonus up to $1000 free on both their first and second deposit.
New players offered up to $888 free in sign up bonuses, a special bonus available for blackjack players as well.
