U.S. Settlement Rumour

| Published on June 29, 2008

It seems that the owner of PartyPoker increased 10% on speculations that the online company settled with the (DOJ), the Department of Justice, but no charges were filed against the company. In June 2007 the PartyGaming said to be in talks with the U.S. government.

The company wanted to reach an agreement with the U.S., because it didn't want to be pursued for accepting online bets from Americans.
The settlement would consist in the first penalties levied against an online casino site by the U.S. government. Online sports betting enterprises were involved by the DOJ penalties and charges. The DOJ keeps on saying that all online gambling is illegal under the Federal Wire Act. In 2001 the Federal Wire Act applied only to sports betting. It has never been decided by the Supreme Court whether the act concerns also other forms of online gambling.

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