Feeds

Online casino pays off US investigation

US bets remain off

Secure remote control for conventional and virtual desktops

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. ®

Boost IT visibility and business value

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
XBOX One will learn to play media from USB and DLNA sources
Hang on? Aren't those file formats you hardly ever see outside torrents?
Class war! Wikipedia's workers revolt again
Bourgeois paper-shufflers have 'suspended democracy', sniff unpaid proles
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.