• Sportingbet PLC to Forfeit $33 million to Settle U.S. Online Gambling Charge

    21 September 2010

    Newspaper

    UK Internet gambling company Sportingbet Plc agreed today to forfeit $33 million that it provided to US customers in a deal that they hope will allow the company to resume U.S. online gambling operations sometime in the future if the laws are changed.

    According to a statement made by Sportingbet as part of this agreement with New York, the company offered online gambling to U.S. residents from 1996 to Oct. 2006. The company also admitted as early as 2001, they used payment processors to help disguise customers transactions from U.S. credit card issuers.

    Barry Slotnick, a lawyer for Sportingbet has said,

    “We spent three years coming to this ultimate conclusion. We do appreciate the fact that the Southern District of New York was concerned about a public company called Sportingbet and its shareholders.”

    In a release from the United States Attorney’s Office of the Southern District of New York,

    As part of the non-prosecution agreement, Sportingbet agreed to continue to cooperate with this Office’s ongoing investigation by, among other things, providing the Government with requested documents, and making employees available for interviews with Government investigators.

    In the agreement, Sportingbet agreed to forfeit a total of $33 million, representing proceeds from the Internet gambling services that Sportingbet provided to U.S. customers. Sportingbet also agreed to maintain a permanent restriction on providing Internet gambling services to U.S. customers, in the absence of a change in U.S. law.

    Also in the statement Preet Bharara, the United States Attorney for the Southern District of New York, gave 4 reasons why they decided to enter this non-prosecution agreement:

    1. Sportingbet’s cooperation with the Government’s ongoing investigation into the illegal online gambling industry;
    2. Sportingbet’s termination of all real-money Internet gambling services for U.S. customers in October 2006;
    3. Its agreement to disgorge $33 million;
    4. The negative effect that charges against Sportingbet would have on the company’s innocent employees and legitimate activities.

    You can read the whole statement release here.

    Related News

    • 28 July 2017

      Big Bang Coming For Dutch Online Gaming Authority

      The online gambling industry in the Netherlands could be getting a big boost. Their regulatory body has recently went into their plans for a push they're calling a "big bang" than would fast-track several companies into getting Dutch online gambling licenses as long as they put in their documentation quickly.

      Read full article
    • 25 June 2017

      Net Entertainment Adds Table Games to Spanish Offering

      Net Entertainment has now had games live in Spain for two years, and they are issuing even more titles available in the form of table games as a way to celebrate and expand even more into the Spanish market. This is a strong move that shows they are doing very well in this particular country with a lot of different operators benefiting from the game release. Details on the Release

      Read full article
    • 12 June 2017

      ProgressPlay Pulling Polish Casinos After Law Changes

      Legislation for online gambling is in a state of constant flux in many parts of the world. That is definitely the case in Poland, and it's showing in a major way right now. ProgressPlay, an online casino platform, will be pulling all of their casinos from the country after a number of regulations were changed in the country. While many are calling these changes improvements, there are always going to be people who like and dislike the changes. Details on the Amendment

      Read full article