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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."
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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