Casinos.co.uk: Casino News Archive
Tuesday 19th February 2008
America Investigates Online Casino
According to industry sources, officials in America have begun inquiries into the founders of online casino PartyGaming.com.
The Gibraltar-based Internet casino, backgammon, bingo and sportsbetting site has been in negotiations with the US Government for several months and it is unclear what information is being gathered at this time.
PartyPoker.com trades on the London stock exchange and is the world's largest online poker brand in terms of number of players and overall revenues. In February of 2006, it launched PartyCasino.com along with a new version of PartyPoker.com as part of a new and fully integrated branded platform.
The investigations surround PartyGaming.com’s exit from the American market following the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) in October of 2006, a move that saw its daily poker revenues reach a low of $637,000 per day.
'Passage of UIGEA was a blow to our business for sure but one thing that I am very pleased to say is that our group has absorbed and now recovered from this incident,' said Mitch Garber, Chief Executive Officer for PartyGaming.com in December.
'PartyGaming.com is no longer a poker-led, US-dependent and one language gaming operator. We are rapidly becoming a multi-lingual and multi-currency non-US company.”
Source:OnlineCasinoNews
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