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Gambling : US Legal Situation is an inpediment for sportingbet
US settlement desirable to reassure investors
Jim Wilkinson, the financial director for British online gambling group Sportingbet plc, has opined that his company is unlikely to be a player in industry consolidation until it has agreed a settlement with United States authorities to protect it from the threat of prosecution for activities pre-UIGEA.
The Sportingbet executive told the Reuters news agency: "We think it's pretty difficult for us to take part in anything until the U.S. issue is settled. People perceive it as a block. I can't really see much happening for us until that's sorted out. If and when it does we'll see what the opportunities are."
It's not for want of trying on Sportingbet's part; the company has been reporting it is in talks with US authorities for the past two years, apparently so far without a conclusion.
Wilkinson said: "It's difficult to have a timeframe. If you had asked me this time last year, I'd have thought it would happen last year. It's out of our hands; it's in DoJ's [US Department of Justice] hands. The talks are positive and amicable and they're going to end up doing it when they're ready," he said.
Analysts say a settlement in the US would give confidence to investors and perhaps make Sportingbet an attractive target for a lucrative takeover by one of the mega-groups interested in the online industry.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
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.
Sensational Sixes Slot Goes Live -
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.
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