Sportingbet Settles For Nearly One Quarter of PartyGaming Forfeiture Deal

Written by:
C Costigan
Published on:
Sep/20/2010
Sportingbet

 

Sportingbet has settled with the US Justice Department for just $30 million in an agreement deal entered into late Monday.  Contrast that with the $105 million that will be paid out by competing online gambling firm PartyGaming.

The father and son tandem of Barry and Stuart Slotnick represented Sportingbet.

Stuart Slotnick spoke to Gambling911.com late Monday.

“As legal counsel for Sportingbet we tried to get them the best deal,” Slotnick said.  “The market will look at the number positively.  It is a great settlement and Sportingbet can now move forward without fear of prosecution.”

The deal is non-binding with the states, however.

In 2006, Sportingbet Chairman Peter Dicks was stopped and subsequently arrested at New York’s JFK Airport for an outstanding arrest warrant issued by the state of Louisiana.  Authorities there claimed that Sportingbet had illegally targeted citizens of that state.  Dicks was quickly released by New York authorities, who refused to have him extradited to Louisiana.  He later settled with authorities in that state. 

Should something similar occur in the future, Slotnick noted that “the Department of Justice would bring to the state’s attention that they entered into this agreement.”

And the non-prosecution agreement paves the way for Sportingbet to enter the U.S. online gambling market.

Gambling911.com obtained a copy of the agreement which reads:

“Nothing in this agreement shall prevent Sportingbet from offering Internet gambling services in the U.S. should the law subsequently be changed to allow this.”

Slotnick added:  “This was overly prolonged and very tough negotiations with the Department of Justice and we are satisfied with the outcome.”

Christopher Costigan, Gambling911.com Publisher 

Gambling News

No Deal as Florida Appeals Seminole Tribe Blackjack Ruling

Florida is pushing ahead in its legal tussle with the Seminole Tribe of Florida over the tribe's estimated $2 billion a year gambling operation.

Vegas 24 Votes Away From Snatching the Raiders

First the NHL’s Vegas Golden Knights. Soon, maybe, the Las Vegas Raiders.

Las Vegas Sands Settles Bribery Case

Las Vegas Sands Settles Bribery Case

Las Vegas Sands Corp agreed to pay a $6.96 million criminal penalty to end the U.S. Department of Justice probe

Police Arrest Armed Man at Casino: Barricaded Himself in Bathroom

Police Arrest Armed Man at Casino: Barricaded Himself in Bathroom

Sparks police have arrested an armed man after a standoff with a SWAT team at a hotel-casino where two floors briefly were evacuated.

Oklahoma Tribe Goes to War With Gambling Panel

New Mexico Tribe Goes to War With Gambling Panel

Attorneys for the Fort Sill Apache filed a motion Tuesday, calling for the Gaming Commission to be held in contempt.

Syndicate