U.S Ministry of Justice: Settlement of $33 million with Sportingbet
Posted on September 23, 2010 by John Trevors for Luckyroom.com
One of the largest European companies in the business of online gambling, Sportingbet holding company of Paradise Poker and home of a series of games powered by various networks including amognst others bingo online, instant win games, casino games, bettting services and live dealer games proceeded to a final settlement with the U.S Ministry of Justice as they agreed to pay a sum of nearly $33million for conducting business in the US before the UIGEA in 2006. Sportingbet is successfully represented by Barry and Stuart Slotnick (father and son) who managed to reach to a settlement for an amount much less than what originally expected.
This is an agreement similar to that concluded last year between PartyGaming and the the U.S. government and virtually opens the door for the return of Sportingbet to the online gambling market in the United States when the frame law become active. As part of the settlement U.S. authorities agreed not to bring criminal charges against executives of Sportingbet that accepted bets from U.S. residents before the enactment of Unlawful Internet Gaming Enforcement Act (UIGEA).
“There was a prolonged and quite painful process of negotiations with the Justice Department and we are very pleased by the outcome of discussions”, Stuart Slotnick said recently in an interview given at a popular online gaming portal.
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