PartyGaming Getting Ready to Re-enter US Online Gambling Market

PartyGaming could possibly be making a comeback to the U.S. after pulling out of that country when the Unlawful Internet Gambling Enforcement Act was introduced in 2006.

Prior to the Act, Party Gaming was one of the largest online gambling providers in the U.S. as well as around the globe.

U.S.Attorney Ortiz stated “The conduct alleged in this case reveals a blatant effort to circumvent gaming and tax laws. The notion that the type of activity alleged here is legal because it is conducted over the Internet from offshore is pure fiction.”

PartyGaming is one of the most popular online gaming companies in the world and has revealed that their revenue had increased by twenty-seven percent during the first quarter of 2010.

Jim Ryan, PartyGaming Chief Executive said that they are seeing an increased drive towards regulating online poker in the U.S. with a possibility of it happening this year. He added that PartyGaming would be well prepared if it should happen.

Last year PartyGaming was in the news in the U.S. when an agreement was reached between them and the U.S. Department of Justice clearing the company of any wrongdoing in the past. This agreement is an opening for PartyGaming to re-enter the U.S. market if the UIGEA is overturned. PartyGaming could however move back in on the U.S. market without the 2006 law being overturned as Lawmakers in numerous states are contemplating regulating online poker and PartyGaming could then gain licenses to operate within those states.

Representative Barney Frank is also attempting to push a bill in an attempt to have a regulated Internet gambling industry in the U.S.

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