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Partygaming 'talking' with the Feds/DoJ

Discussion in 'Casino Industry Discussion' started by Mousey, Jun 4, 2007.

    Jun 4, 2007
  1. Mousey

    Mousey Ueber Meister Mouse CAG

    Occupation:
    Pencil Pusher
    Location:
    Up$hitCreek
    UPDATE 1-PartyGaming in U.S. gambling crackdown talks
    Mon Jun 4, 2007 8:11 AM BST
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    LONDON, June 4 (Reuters) -
    Online gambling firm PartyGaming (PRTY.L: Quote, Profile , Research) said on Monday it was in talks with U.S. authorities following the recent spate of arrests of industry executives, after the U.S. effectively outlawed Internet gambling last year.

    PartyGaming said it had initiated talks with the United States Attorney's Office for the Southern District of New York and had been responding to requests for information.

    It added that it was too early to assess the likelihood of any particular outcome of the discussions.

    The U.S. crackdown .....

    You must register/login in order to see the link. to the remainder of the article.
     
    2 people like this.
  2. Jun 4, 2007
  3. Mousey

    Mousey Ueber Meister Mouse CAG

    Occupation:
    Pencil Pusher
    Location:
    Up$hitCreek
    What no one ever tells us is just exactly what kind of information the DoJ is prying out of all these companies they're 'investigating'. Of course, releasing that info would hinder the 'investigation', I'm sure. :rolleyes:
     
    1 person likes this.
  4. Jun 4, 2007
  5. dominique

    dominique Dormant account

    Occupation:
    webmistress
    Location:
    The Boonies
    It is a mystery to me how someone can have broken a law before the law existed.
     
    1 person likes this.
  6. Jun 4, 2007
  7. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    LOL - the DoJ has never let something as unimportant as the validity of online gambling law to slow them down....

    Seriously - the UK analysts are saying that this is all about business rather than law.

    Being scared to enter the US; having the possibility of a legal threat impeding possible merger and acquisition deals and investors unhappy with the Damocles sword effect of such a threat are all good business reasons for trying to cosy up to the DoJ.

    It may mean paying a fat settlement to clean the slate a la Sportingbet's $400 000 to get Peter Dicks off the Louisiana hook, but weighed against a better share price and more investor confidence that may be a small price to pay.

    The Party Gaming statement said that it has initiated the contact, but some sources are suggesting that this was triggered by the DoJ attempts earlier this year to get some of the big online gambling companies and financial outfits to give them information.

    It's interesting to speculate on exactly what sort of information Party Gaming might be prepared to divulge.
     
    1 person likes this.
  8. Jun 4, 2007
  9. Simmo!

    Simmo! Moderator Staff Member

    Occupation:
    Web Dev.
    Location:
    England
    Ah the old "potection money". Reminds me of someone, can't think who :cool:
     
  10. Jun 4, 2007
  11. lots0

    lots0 Banned User - troll posts - flaming

    Occupation:
    I do nothing productive
    Location:
    Hell on Earth
    My bet is that every single piece of information that party Gaming knows the DoJ now knows...

    Names, dates, addresses and amounts...

    The guys at PG are spineless creeps that will use whatever information they have to "buy" their get out of jail free cards.

    My 2p
     

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