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Kentucky Hauls In $15 Million From Bwin

Internet betting giant Bwin.Party Digital Entertainment has paid the U.S. state of Kentucky $15 million to cover the internet gambling losses incurred by residents of the Bluegrass State in the years before a federal law came into effect several years ago.

The settlement was announced last week by State Governor Steve Beshear, and comes shortly after internet poker giant The Rational Group settled with the state for $6 million.

The payment is the second large sum that Bwin has paid out to a government body in America. In 2009 the firm agreed to pay $105 million to the U.S. federal government to clear its record of any pre-UIGEA activity.

Speaking about the settlement Governor Beshear said, “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.”

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barbadosslim93's picture
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1 July 2013 - 4:49pm

I have to say that while I don't like this in the least (I find it predatory), it is a very shrewd move by the Kentucky Governor.

He is raising money that is going into the state's coffers for something that likely had very little negative impact within his state's borders.

CL-Ed's picture
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2 July 2013 - 6:53am

Predatory is right. This guy launched a ludicrous attack on websites that were not under Kentucky jurisdiction all because he believed they broke Kentucky law and many had their domains seized. It was an outrageous miscarriage of justice.

I wonder how many Kentucky based websites break laws in Saudi Arabia or Thailand or New Zealand or Nigeria? Perhaps the governments there should seize those domains. Beshear wouldn't mind, would he?

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