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A billion dollar Party and Doj Settlement
Friday's rumours around a possible settlement between the US Department of Justice and Party Gaming have continued to inspire extensive speculation in both Internet and print media, although no official confirmation has yet been issued by the London-listed company itself.
The New York Post published an article by Paul Tharp claiming that unidentified sources had revealed that redeeming Party Gaming's pre-UIGEA "crimes" was going to cost the online gambling group a whopping $ 1 billion.
After outlining the nature of the rumours that have sparked the latest speculation, the article quoted "industry sources" on the $1 billion penalty which comes after extensive negotiation between the Department and Party Gaming officials seeking to clean the slate on pre-2006 activities in the USA.
The writer recalls that PartyGaming's husband-and-wife founders, Russ de Leon and Ruth Parisol, earned a $7 billion windfall when they took the company public in London, but could be bankrolling part of the alleged massive settlement to avoid shareholder backlash.
One online-gaming authority, law professor Joseph Kelly at the State University of New York-Buffalo, opined: "They may be paying a huge fine to get this behind them, but it won't get them any closer to online betting here anytime soon."
Gambling News :
International Table Tennis Federation in deal with Sportradar. -
The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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