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L&G Hoping to Stop US Action

The Leisure and Gaming online casino gambling and betting group out of the UK is the latest of the companies to find itself under the harsh scrutiny of the US Department of Justice. The US government has been slowly combing through all of the internet gambling action that took place in the US market before and after the UIGEA was implemented and has begun to pointedly go after a handful of offshore online casinos that participated in the US gambling market. L&G is the latest of these companies facing US scrutiny and, like all of the gambling groups, there is a certain element of worry in the entire process. L&G has suffered a tough Q1 2010 with profit margins down lower than anticipated and the management at L&G are focused intently on dealing with the US officials and finding a resolution to the US investigation.

The efforts in the US market are not exactly threatening, because L&G has already identified previous internet gambling holdings that were sold prior to the 2006 ban on offshore online casinos. The US officials have essentially cleared L&G of those issues, but now, L&G is looking to ensure that the company has an impeccable record within the US as the rumors swirl that Congressman Barney Frank is still actively working to legalize US online casino gambling in the very near future.

L&G’s current negotiations with the US officials are intended to clear out any remaining issues that could potentially stop the online casino gambling group from obtaining US licensing once new US policies pass. All of the talk and speculation right now has made some companies urgent to clear the air before the licensing process begins.