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Online Casinos Approach the U.S.

Both PartyGaming and 888.com have recently approached the U.S. government to clarify legislation in the U.S. concerning online casino companies. Basically, the 2006 Unlawful Internet Gambling Act has eliminated offshore online casinos in the U.S. And though many of the internet gambling companies left the market when the Act came into effect, others lingered. PartyGaming and 888.com have exited the U.S. market, yet they are both waiting on word from the government that the U.S. will not seek to retroactively begin legal action against the companies.

The online casinos approached the government in June, after the possibility of legal action from the U.S. halted several deals the companies had in the works. Also, many internet gambling companies had closely monitored the online casino gambling legislation in the U.S. and determined that the U.S. was basically on what some referred to as a “witch-hunt.” Because the U.S. government sought out executives from internet gambling companies that broke the law, it certainly caused alarm from companies that were once a part of the U.S. market.

The CEO at PartyGaming has high hopes for the discussions with the U.S. government. He comments, "The fact that companies like ours and 888 have voluntarily approached the Department of Justice is a giant step towards putting legacy issues behind any of the companies." He also noted that though both the online casinos are still in the discussion phase of the process that the talks are moving in a positive direction.

Once the two online casino companies take care of potential legal action, Garber also noted that the companies would move forward with acquisition and consolidation plans that were put on hold because of the U.S. legal issues.