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Online casino settles with USA via $105 million payment

 Online gambling company PartyGaming has reached a settlement to get the US authorities off its back, it was reported today in the UK press. According to the news reports, the online casino company PartyGaming has agreed to pay the USA government $105 million in exchange for a non-prosecution agreement, i.e. the US will stop hustling the UK-based online gambling company for accepting bets from Americans prior to the 2006 passage of the UIGEA and the subsequent withdraw from the US internet gambling market.

 The $105 million will be paid in 6 monthly installments, according to the reports. The popular online casino, which at one time had 80% of its players from the United States, will continue to block USA residents from gambling with the casino website. Last year Anurag Dikshit, the co-founder of the online gambling company PartyGaming agreed to a settlement with the US authorities and paid $300 million as part of the settlement, although he could still face jail time when his 2010 sentencing arrives.

 Published on 04/07/2009

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