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Monday, June 4, 2007

Party Poker Company PartyGaming in Talks with US Authorities

PartyGaming, the UK company that owns Party Poker and Party Casino, announced today that they are currently talking with authorities in the United States about the role of third parties involved with the company prior to the passing of the Unlawful Internet Gambling Enforcement Act.

Few details are known for the reasons of why PartyGaming is contacting authorities from the southern district in New York, USA, but it is known that the company initiated the talks as a response to requests for information.

PartyGaming said it is too early to assess the likelihood of any particular outcome of these discussions, and also said that a further announcement will be made about their talks with the US DOJ if and when they deem it necessary.

Party Poker was the biggest poker site on the Internet before the US passed a law in October of 2006 stating that it was illegal for banking institutions to transfer funds to illegal gaming operations located off the shores of American land.

Party Poker stock movement is yet to be effected as news of the talks are brand new. The amount and specific kind of information the US authorities are requesting from PartyGaming is still unknown.

Paul Darden

News Source: Casino Gambling Web

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