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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."
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Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
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Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
The Railbird Launched By Americas Card Room #acra -
Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.
Huge Caribbean Hold’Em hit at Bovada Casino -
A progressive jackpot strikes again! This time it was at Bovada Casino, where a Texas player landed the top hand playing Caribbean Hold’Em over the weekend. A grand total of $119,348 was collected from the poker-inspired table game.
New PartyPoker Pro Richard Dubini -
A regular player in the Latin American live circuit, Dubini will travel alongside partypoker ambassador Joao Simao to gain feedback from players about partypoker to help optimise both live and online poker for the local players.
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