Sportingbet Signs Non-Prosection Agreement with US Department of Justice - 23/09/2010 11:09

Sportingbet has reportedly signed a non-prosecution agreement with the US Department of Justice. As part of the terms of the agreement, Sportingbet will forfeit $33 Million to the US Government, alleged to be the amount of profits obtained as a result of offering gaming services to residents of the... view more>>

Another Ex-Poker Stars Processor Settles With US Prosecutors - 21/08/2010 9:08

Ahmad Khawaja and associated firms Allied Wallet and Allied Systems have agreed to a civil settlement with USA authorities.

The settlement includes forfeiture of $13.3 Million that was seized by US authorities back in June.

The funds were alleged to be derived from or involved in the processing... view more>>

PartyGaming Loses $26.5 Million in 2009 - 07/03/2010 9:03

Online poker and casino operator PartyGaming has recently reported a net loss of $26.5 million for 2009.

The main driver behind the loss was $101 million associated with a non-prosecution agreement signed with U.S. authorities. Profit from operating activities actually rose 4% to $81.1 million.

The company... view more>>

U.S. Government says "Show Me the Money" to US Gaming Payment Processor - 05/11/2009 14:11

Optimal Group, a Canadian company that processed payments for online betting Web sites, has agreed to forfeit $19.2 million to the U.S. government.

The company will not be face criminal prosecution following the forfeiture of funds.

Yet another example of State-sponsored extortion.

"Q"
Wheretobet.com ... view more>>

More Payment Problems Ahead for US Facing Gaming Companies? - 01/10/2009 21:10

The saga continues with U.S. gaming payment processors.

First there were payment processing problems with gaming giant Bodog in 2008. More recently there have been legal attacks and seizures against companies processing payments for US-facing poker rooms, previously reported upon here in the Wheretobet.com news telegram. Now... view more>>