Bwin.Party Pays $15 Million to Kentucky

The US state of Kentucky is about to receive $15 million from the European company Bwin.Party Digital Entertainment based on the online gambling losses incurred by Kentucky citizens in a second internet gaming-related settlement this month.

The settlement was announced Friday by Gov. Steve Beshear, who also revealed that the agreement refers to Bwin.Party's Kentucky activities before the 2006 implementation of UIGEA (the Unlawful Internet Gambling Enforcement Act).

Even though Bwin.Party, then Party Gaming, withdrew from the US market after the law was effected, causing disruption of financial transactions between punters and online gambling firms, Kentucky filed a civil action against the gambling group in August 2010.

Earlier this month, an agreement was reached as per which Bwin undertook to settle Kentucky claims for $15 million.

"I’m pleased that we were able to recover losses on behalf of Kentuckians. bwin.party is making every effort to comply with the laws of the United States and demonstrate that they want to be known for their integrity and honesty in this industry,” Governor Beshear said

Bwin.Party is obviously interested in returning to the legalised US online poker market, as the partnership agreements have been already inked with major US companies in Nevada, and more are to follow pending legalisation developments in New Jersey.

The European giant has already paid a huge $105 million settlement to the US Department of Justice in 2009 in order to clean its pre-UIGEA American record.

Interestingly, another Kentucky key anti-online gambling initiative targeting 141 internet domain names in 2008 mentioned neither Bwin.Party nor Party Gaming.

The $15million Bwin.Party settlement follows last week’s announcement of $6 million in a settlement of unrelated federal court actions in New York and Maryland related to the activities of Absolute Poker and Ultimate Bet.

J Michael Brown, Secretary of Justice and Public Safety, who was in charge of the Bwin suit on behalf of the state, stated Kentucky will continue its actions against online gaming operators identified in its pending lawsuits, including PokerStars and Full Tilt Poker.


All News Categories

Most Viewed Articles

See all

Related News

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search
Search Results
39012170