Party Gaming opens offices in Los Angeles

[dominique]

Guys, the plot thickens!

Now you probably know that Harrahs has been lobbying heavily during the last quarter to get online gambling legalized. You may also know that they hired a Party Gaming exec to head up future online planning. And you may be aware that Party gaming's Mr Dikshit went to the DOJ and offered himself up last year, and was fined with a substantial sum.

Well, we now have the next step here:

You do not have permission to view link Log in or register now.

IMO the US will open up to online gambling sooner rather than later.

 

[Mousey]

I just find it so confusing and ironic that on the one hand, Party is opening up an office in the US, while at the same time the DOJ, and Feds are going after Full Tilt and Lederer and Jesus, et al for 'money laundering', etc.

Makes absolutely no sense at all. Guess that means there must be politicians involved somewhere...

 

[Simmo!]

In December 2008, Anurag Dikshit, the co-founder of another online gambling firm, PartyGaming Plc, was fined $300 million in the United States after pleading guilty to an online betting charge. PartyGaming itself reached an agreement with U.S. authorities that shielded it from prosecution

From another Reuters article...just thought it might be relevant.

 

[Mousey]

From another Reuters article...just thought it might be relevant.

Maybe if Full Tilt paid the proper amount of extortion money to the Feds, they could open up and office in Vegas?

 

[dominique]

It's just the money - Party went and said: we are guilty, punish us.

The DOJ thought 300 mil should do it.

It does open the door for others to do the same, but also, once online gambling becomes legalized there will be huge licencing fees, and I figure the large places will try to settle at that time.

Also, note that Party is doing this in conjunction with Harrahs. That's a big mighty friend to have.

I am positive that the other biggies, MGM Mirage and the Venetian, are reaching or have reached agreements with other online software companies.

Wynn is the only one left in Vegas that opposes online gambling...

Mr. Reid from Nevada is now also the Senate majority leader... largely funded by MGM Mirage.

It's all very interesting. And it's all happening very fast now.

 

[felicie]

And Dikshit is the name huh? I thought you were being sarcastic LOL I need to grow up. or so tired I'm silly. thanks for the interesting post.

 

[maxd]

Don't feel bad, that name has been prompting snickers in the online scene for close to a decade. Then again, when you've got more money than god who gives a damn if they snicker.

 

[Simmo!]

It'sAlso, note that Party is doing this in conjunction with Harrahs. That's a big mighty friend to have.

But Harrahs have a deal with 888's Dragonfish in the UK for Caesars already?

 

[dominique]

Perhaps one provides the software and the other the marketing? Or, one the casino and the other the poker?

The one thing that is perfectly clear is that Harrahs is ready to come online.

I have also been told by an employee of the Venetian that the Venetian has been developing it's own software for years... whether they use it or an existing one remains to be seen.

Partygaming opening offices in California is also sending another good message - allowing online gambling establishments on US soil is good for the economy...