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SPORTINGBET MAKES LAST PAYMENT TO U.S. GOVERNMENT
03/27/2012 : Final $6 million paid over to clean US slate
The Sportingbet plc international internet gambling group announced Tuesday that it has made its third and final payment of $6 million to the Office of the United States Attorney for the Southern District of New York, acting on behalf of the United States Department of Justice.
As a result, Sportingbet has paid a total sum of $33 million (GBP21.3 million) in accordance with the terms of the Non-Prosecution Agreement which the company entered into with the Department of Justice on 21 September 2010, cleaning its slate on all pre-UIGEA American activity..
Andrew McIver, Sportingbet group chief executive, commented: "This final payment formally closes any risk which the company may have faced from its former activities in the US. Given that the US market continues to show signs of regulating both by product, and by state in the near future, various opportunities exist to re-enter the US market and we are reviewing these."
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Gambling News :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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