PartyGaming Pays Its Online Gambling Tax
from the roundabout dept
Online gambling company PartyGaming has agreed to pay the US government $105 million as part of a "non-prosecution agreement" to wrap up the government's investigation of the site. The move comes after the company's founder, Anurag Dikshit, paid $300 million inThank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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Filed Under: fines, online gambling
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Something tells me Bart Simpson provided the names in this case.
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Online Gambling Tax
"Nice, business, it'd be a shame if somethin' should happen to it."
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(Well, someone had to say it!)
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Anyway, reading the story tells the full truth, that effectively all Party Gaming is trying to do is remove the potential for US action against the company, so as to remove potential liability and make the company more stable for it's investors. They have pretty much paid to buy peace.
I would say that it also makes it more likely that Mr Dikshit could travel to the US with less chance of getting arrested on arrival. This would be rather important if the company is going to push to get the US laws changed to make their company "legal".
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