BusinessCompany NewsPartyGaming takes on US watchdogs

PartyGaming takes on US watchdogs

Online gaming corporate launches pre-emptive move to ward off US enforcers, following blitz against advisers and bankers 

PartyGaming is
seeking to protect itself from a possible sting by US enforcers. 

Within the last few hours, the Gibraltar-based company disclosed that it took
the decision to ‘open discussions with the United States Attorney’s Office for
the southern district of New York and is in the process of voluntarily
responding to a request for information issued by that office.’

After the Unlawful Internet Gaming Enforcement Act was pushed through the US
Congress last year, the US Department of Justice
targeted advisers, accountants and bankers
acting for non-US gaming companies, but uncertainty still remains as to whether
the corporates themselves could face censure.

Partygaming would not elaborate on the information requested, but the
FTSE 250 company added: ‘It
is too early to assess the likelihood of any particular outcome of these
discussions. A further announcement will be made if and when appropriate.’

Further reading:

Baker Tilly joins bid to overturn US online
gaming ban
 

On the money: haunting words

Q&A: Martin Weigold, FD of
Partygaming

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