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Online Casinos Investigated by U.S.

The United States Department of Justice (DoJ) has made no secret of their efforts to prosecute online casinos that violated the 2006 Unlawful Internet Gambling Enforcement Act. The U.S. Attorney’s Office prosecuted Neteller for its actions following the UIGEA, and is in the process of legal action against other companies like BetonSports, and others. In addition, companies like Linden Labs (running the Second Life virtual community), Betcha.com, and others have supplied information to the DoJ in hopes of avoiding future legal action against the company. But what about the companies that have left the U.S. market but didn’t exactly do so in a timely manner?

888.com and PartyGaming are causing speculation in the online casinos industry because most industry analysts agree that it is only a matter of time before the U.S. demands a portion of the company’s profits while they operated in the U.S. market illegally. Neither company is in the position to give back all of the profits from that time period as it would cause them both to go out of business in the process. But even with that consideration, the U.S. would then target where those profits were funneled, specifically the founders of 888.com and PartyGaming. A huge portion of the online casino profits allegedly went into paying dividends, which means that the portion enormous portion that went to the founders could be recouped. The U.S. was willing to accept a percentage of the profits in the Neteller saga, and some of the Neteller CEO’s personal take from the illegal profits.

But though ThisIsMoney.com, a UK financial news site, reported that the U.S. Department of Justice is investigating 888 and PartyGaming, others speculate that neither company may even comply with a U.S. ruling demanding that the companies pay back the government. Estimations on how much each company made from the U.S. market after before their exit from the U.S. market yet after the UIGEA are astronomically high for PartyGaming – roughly US $900 million, and relatively high for 888 – US $120 million.

The anticipation of U.S. action against the two companies has already cost both 888.com and PartyGaming potentially advantageous partnerships in the expanding UK online casino market. And as the U.S. threat continues most in the internet gambling industry agree that it is unlikely that any other online casinos and internet gambling companies will choose to become affiliated with 888.com and PartyGaming.