May
12th

PartyGaming Prepares to Re-enter U.S. Online Gambling Market

Prior to the Unlawful Internet Gambling Enforcement Act that was introduced in the U.S. in 2006, PartyGaming was one of the largest online gambling providers in that country. However, they were forced to pull out of the U.S. after the Act was introduced.

This week PartyGaming announced that they are noticing an increased momentum towards the regulation of online poker in the U.S. and are preparing to make a return.

Jim Ryan, Party Gaming Chief Executive, announced that it was possible that the Unlawful Internet Gambling Enforcement Act (UIGEA) could be overturned as early as this year and that in the event of this happening, they are fully prepared.

Last year PartyGaming reached an agreement with the U.S. Department of Justice and all the company’s wrongdoings in the past was cleared by them. This agreement has left an opening for the online gambling operator to re-enter the U.S. online gambling market should the UIGEA be overturned. They could, however, re-enter the U.S. market without the UIGEA being overturned as Lawmakers in many states are contemplating regulating online poker. In the event of the Lawmakers being successful PartyGaming will be permitted to gain licenses to operate within those states.

U.S. Attorney Ortiz is not happy with this situation and stated that the conduct in this case shows a brazen effort to evade gaming and tax laws. He added that the idea that this type of activity is legal because it is conducted over the Internet from offshore is untrue.

PartyGaming is one of the most popular gaming companies in the world and recently announced an increase of twenty-seven percent in their revenue for the first quarter of 2010.

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