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Gambling Group Clarifies Position

Speculation surrounding the recent talks between Party Gaming and the U.S. Attorney Office seem to all point to the probability that the company is preparing to lead American companies into the international online casino industry. Now that the Unlawful Internet Gambling Enforcement Act is firmly in place (for now – new bills before Congress could alter the U.S.’s position on online casinos), American land-based gambling companies are prepping to launch sites aimed at off-shore players.

Apparently, before Party Gaming will firmly enter the U.S. business arena, the company is establishing ground rules with the U.S. government. These steps will be imperative for the company to successfully operate within the U.S., or with U.S. companies concerning online casinos. New business with the United States could really help renew some of the capital the company lost right after withdrawing from the U.S. industry. The company was forced to layoff employees in light of the sudden decrease in online casino players and revenue. But that doesn’t mean that the company plans to disregard the company’s mission, in fact, Party Gaming released a statement that said the company “believes that online gaming should be offered by regulated, reputable operators and that this remains the right approach to this industry sector.”

Party Gaming’s CEO, Mitch Garber, has not given anything away though about what the talks concern, and why the company is providing the New York Attorney’s Office with specific company information. Party Gaming pulled out of the U.S. market right around the time of the UIGEA, so most online casino industry analysts do not predict that the company will face fines or any repercussions. Says Garber concerning the voluntary surrender of information, “It is too early to assess the likelihood of any particular outcome of these discussions.”