The frenzy about the supposed settlement between Party Gaming and some prosecutor reached a climax this evening when the $105 million fine was confirmed. Party Gaming must feel like they have hit the jackpot. They spent 10 years marketing the Party Poker and Party Bingo products in the United States to very good effect.
This move in our opinion is a conciliatory move by Party Gaming towards the Federal Government in return for a pardon. Yes that is what I meant. With the proposed Barney Frank Bill I guess Party Gaming want to ensure that they are at the front of queue if gambling becomes regulated in the United States.
Party Gaming have started a number of new projects designed to increase their cash flow of which Poker and Casino games form a small part. They offer a Bingo and Gammon product, along with Sports betting. Party gaming have evolved into a all encompassing behemoth.
In recent months one of the founders of Party Gaming was reputedly fined $350 million dollars and he actually paid it we think. Wow