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US Online Casino Hopes Stir

PartyGaming is a strong and long-standing name in the international online casino and poker gambling industries. The company has a large base of loyal gamblers and has successfully entered most of the major international markets. The final frontier of sorts for all online casinos, though, still remains stubbornly closed to offshore gambling thanks to the efforts of the US legislators. The US internet gambling industry once thrived in a mostly unregulated market and offshore gaming sites were making hand over fist in the money department as US gamblers enthusiastically used their bank and credit cards to fund internet gambling. Once the UIGEA came into place, however, offshore online gambling dropped down to a trickle and the foreign sites withdrew from the US market out of both respect and fear of US prosecution.

In the past three years since the UIGEA took effect the online casinos have helped to create a strong movement in the US market toward pushing a legalized and regulated US market. PartyGaming is one of the offshore companies now vying for reentry into the US market by settling up old debts with the US Department of Justice. The DoJ specifically picked out several key names in the online casino industry and began legal action against the sites for their pre-UIGEA actions in the US market. PartyGaming has long negotiated with the US officials but only this month seems to seriously be working toward a settlement amount.

PartyGaming, like several of the other online casino gambling companies that were targeted by the US government, agreed to settle with the US officials because the gambling group does not want anything to stand on its record that would act as a black mark toward eventually receiving US licensing should the new bills ever make it to the floor of Congress and pass through into law.