Feeds

Online casino pays off US investigation

US bets remain off

Security for virtualized datacentres

Shares of online casino PartyGaming jumped 17 per cent today after it announced a legal settlement with US authorities.

The US Attorney General has been investigating the site since Congress outlawed online gaming for US citizens by passing the Safe Port Act in 2006. PartyGaming stopped taking bets from US customers, which it identified from credit card address. Prior to the ban, PartyGaming got about 80 per cent its revenue from US gamblers.

PartyGaming will pay the US Attorney General $105m as part of a "Non-Prosecution Agreement". The cash will be paid in six monthly instalments.

As part of the deal, PartyGaming admits taking bets from US citizens prior to October 2006, contrary to certain US laws. The company will continue to prevent US punters from using its services.

In December last year, PartyGaming co-founder Anurag Dikshit handed over $300m as part of a guilty plea to offences under the Wire Act. He is due to be sentenced in December 2010 and could still face jail.

US authorities have also arrested executives from Betonsports and Sportingbet.

The EU is still investigating whether the US ban breaks world trade laws. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.