No deal yet for PartyGaming

16 Dec 2008

NEW YORK, New York -- As reported by Bloomberg: "PartyGaming Plc, the owner of the PartyPoker online gambling brand, said it's still in talks with the U.S. Justice Department and it's unlikely to include a criminal plea by the company or a director in any settlement.

"PartyGaming, responding to a report in today's Financial Times that founder Anurag Dikshit offered to pay the U.S. $300 million and plead guilty to an illegal Internet gambling charge, said that any payment by the company would likely be 'significantly below' that sum. John Shepherd, a spokesman for Gibraltar-based PartyGaming, declined to comment further.

"PartyGaming rose 9.25 pence, or 6.7 percent, to 148 pence at 8:06 a.m. in London trading. The stock has dropped 92 percent from a peak of 1,795 pence in July, 2005, mostly after the U.S. banned offshore Internet gaming in 2006.

"Dikshit is due to appear in a New York court today and risks a two-year jail sentence, the Financial Times said. He will admit to an offence under the Wire Act and agree to cooperate with the Department of Justice, the newspaper said, citing people close to the situation it didn't name. Dikshit owns about 28 percent of PartyGaming, making him the company's biggest shareholder..."

No deal yet for PartyGaming is republished from iGamingNews.com.

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	No deal yet for PartyGaming 16 Dec 2008 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> NEW YORK, New York -- As reported by Bloomberg: "PartyGaming Plc, the owner of the PartyPoker online gambling brand, said it's still in talks with the U.S. Justice Department and it's unlikely to include a criminal plea by the company or a director in any settlement. "PartyGaming, responding to a report in today's Financial Times that founder Anurag Dikshit offered to pay the U.S. $300 million and plead guilty to an illegal Internet gambling charge, said that any payment by the company would likely be 'significantly below' that sum. John Shepherd, a spokesman for Gibraltar-based PartyGaming, declined to comment further. "PartyGaming rose 9.25 pence, or 6.7 percent, to 148 pence at 8:06 a.m. in London trading. The stock has dropped 92 percent from a peak of 1,795 pence in July, 2005, mostly after the U.S. banned offshore Internet gaming in 2006. "Dikshit is due to appear in a New York court today and risks a two-year jail sentence, the Financial Times said. He will admit to an offence under the Wire Act and agree to cooperate with the Department of Justice, the newspaper said, citing people close to the situation it didn't name. Dikshit owns about 28 percent of PartyGaming, making him the company's biggest shareholder..." No deal yet for PartyGaming is republished from iGamingNews.com.