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Sportingbet Clears Its Slate With The U.S.

27 March 2012 by CasinoListings

This story was published more than 12 years ago.

Online wagering giant Sportingbet plc announced that it has made its final payment of $6 million to theOffice of the United States Attorney for the Southern District of New York, clearing its slate with the United States for any past American activity.

Sportingbet has made three separate payments to the U.S. totaling $33 million (£21.3 million). The payments were made as part of the non-prosecution agreement that the company made with the U.S. Department of Justice in 2010. Sportingbet is now considered to have a clean legal slate in the United States, as its pre-UIGEA gambling activities have been cleared.

Commenting on the payment, Sportingbet Group Chief Executive Andrew McIver said: "This final payment formally closes any risk which the company may have faced from its former activities in the US. Given that the US market continues to show signs of regulating both by product, and by state in the near future, various opportunities exist to re-enter the US market and we are reviewing these."