888 in gambling talks with US authorities
Online casino and poker company 888 Holdings has mirrored the actions of rival PartyGaming by commencing discussions with the United States Department of Justice.
PartyGaming announced yesterday they had begun talks with the US Attorney’s Office to clarify its position in relation to the Unlawful Internet Gambling Enforcement Act (UIGEA), which was passed last October.
888 have instigated the talks to clear up any doubts that may linger over the actions of the company in the US prior to the passing of the UIGEA. 888 are advised by the same legal firm as PartyGaming, Freshfields, so this announcement will come as no surprise.
Although 888 stopped taking wagers from US customers after the legislation was brought into action, they still fear retrospective action from the US. That uncertainty was said to be the cause of the breakdown in talks between the company and UK bookmaker Ladbrokes, who were reportedly interested in an acquisition of 888.
888 said that it was too early too predict the outcome of the talks but said a further announcement would be made “if and when appropriate”.
Last week, 888 announced that they had made an encouraging start to the year as it continued to drive its non-US ambitions through the rollout of new products and services.
Editor, Jackpot.co.uk - 2007-06-05 10:44:24