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DATE: May 24 2012
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Poker.co.uk - Poker News Archive

Tuesday 16th December 2008

PartyGaming set to announce US settlement

PartyGaming appears to be on course to announce a $300 million settlement with US authorities in relation to its online poker activities prior to the 2006 ban. A number of founder members of PartyGaming are also being prosecuted by the authorities and while the company itself has issued a plea bargain it appears as though the controlling directors are set to go to court.<br /> <br /> Anurag Dikshit is one of those directors who is rumoured to be on the verge of announcing a personal $300 million settlement with the authorities although there is also speculation he has refused to pay any fines. This situation has been ongoing for sometime now and while rumours continue to circulate that online gambling will return to the US in a different form over the next couple of years, it appears that the authorities are still looking for their share of income from past years trading.<br /> <br /> The forthcoming court cases could well mark a turning point in the history and the future of online poker where the authorities have been accused of over aggression by penalising businesses which are perfectly legal in places such as the UK. This situation is not yet over and may still have some way to go.

Source: gambling_CMS_tmark938

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