Sportingbet pays last installment to the Feds

[Mousey]

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As part of its settlement reached in September 2010 relating to previous illegal gambling between 1998 and 2006, Sportingbet has paid its third and final payment of $6m (£4m) to the US Justice of Department, which in exchange will not prosecute the British firm. Sportingbet has now coughed up a total of $33m under the terms of the settlement.

Andrew McIver, chief executive, said yesterday: "This final payment formally closes any risk which the company may have faced from its former activities in the US. ....

 

[conker]

I think a lot of companies have had to cough up over the years. I wonder how much the DOJ have managed to squeeze out of online gaming firms over the past 5 years, its must be billions now. No doubt Calvin Ayre will be getting his cheque book out next.