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PartyGaming clinches deal to avoid US prosecution

Source: The Guardian
London : United Kingdom | 7 months ago  
Views: 1
It said the US Attorney's Office for the Southern District of New York had agreed not to prosecute PartyGaming or its subsidiaries for providing internet gambling services to customers in the US prior to George Bush's clampdown on online gaming on 13 October 2006.
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News Stories
 
  • News Source: United Press International | 7 months ago
    Dassin, acting U.S. attorney for the Southern District of New York said the forfeiture is part of a non-prosecution agreement PartyGaming has entered into with the U.S. government. The $105 million, which is to be paid over three years, represents...
  • News Source: The Guardian | 7 months ago
    Shares in the UK's listed online gaming companies rose sharply as analysts predicted that PartyGaming's better-than-expected deal with the US authorities would allow mergers or takeovers by larger gambling groups. PartyGaming, the owner of the...
  • News Source: The independent | 7 months ago
    Online poker firm PartyGaming yesterday vowed to go on the acquisition trail after it finally settled a legal dispute with US authorities that could eventually pave the way for it to return to the world's most lucrative market. The settlement, which...
  • News Source: Boston Herald | 7 months ago
    Shares in PartyGaming PLC soared more than 15 percent on today after it revealed it had clinched a deal with U.S. authorities that will protect it from prosecution for past activities in the United States, where online gaming has been outlawed. The...
  • News Source: MarketWatch | 7 months ago
    Feb. 28 loss of $29.4 million, or 33 cents a share, as sales fell to $389 million from $437 million...Same-store sales fell 9.7%, and the weakening of the Canadian dollar contributed 1.5 percentage points of the same-store sales fall. March...
  • News Source: Uinta County News | 7 months ago
    The settlement will protect PartyGaming from being prosecuted for providing internet gambling to customers prior to the services being banned in October 2006. It has agreed to pay $105m (£70.7m), payable in stages up until September 2012. Shares...
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