Sportingbet makes final payment in DoJ settlement
Operator finishes up non-prosecution settlement with final US$6m payment.
Sportingbet has made a final payment of US$6m to the US Justice Department (DoJ), as per a settlement reached in 2010 over alleged illegal internet gambling. With the announcement of the final payment, Sportingbet also declared that it was reviewing opportunities to re-enter the market.
In exchange for a settlement payment of US$33m, the DoJ had agreed not to prosecute the operator and its units for any crimes “ apart from tax violations “ concerning activity with US customers from 1998 to 2006.
Chief executive Andrew McIver (pictured) said in a statement: “This final payment formally closes any risk which the company may have faced from its former activities in the US.”
McIver also said that he saw several opportunities to re-enter the US market after the recent DoJ opinion concerning the Wire Act, and that they were reviewing these.
Last month saw the chief executive confirm to eGaming Review that Sportingbet was in “advanced discussions” with a potential US partner which, if completed, would prompt the operator to apply for relevant egaming licences stateside.