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Settling Up for Future

The 2006 Unlawful Internet Gambling Enforcement Act (UIGEA) in the United States certainly caused some serious issues in the international online casinos gambling industry, and for some gambling companies, the negotiations with the U.S. Department of Justice continue. Perhaps the most noted of the DoJ cases is the Neteller case which was resolved last year and resulted in more than a hundred million in fines and repayments to customers. Currently though, Neteller case is firmly in the past for the company, and instead the company is looking toward the future. But Party Gaming is one of a handful of online casinos gambling companies currently in negotiations with the DoJ in the hopes of quickly and effectively resolving the previous issues with the online gambling ban.

Party Gaming currently operates within the European online casinos gambling market after the company took a huge hit in revenues and gambling customers when the U.S. gambling ban took effect. Right now though, before Party Gaming can actually move on and fully recover from exiting the U.S. market, the company needs the “all clear” from the U.S. DoJ that there will be no future retroactive legal action regarding the company’s online casinos gambling activities.

The negotiations with the DoJ have been going on for some time now, but recent statements from the Party Gaming online casinos gambling company indicate that a resolution may be in the near future. Current CEO Mitch Garber comments on the issue, "It's very hard to predict. There's some fluidity to it. We're in the midst of a process and our attorneys tell us it is moving in the right direction and at the right speed.” That is good news for the company considering other internet gambling companies have shown an interest in doing business with Party Gaming but most are opting to wait until the legal issues with the U.S. are completely resolved.