Someone once asked me why women don't gamble as much as men do, and I gave the common-sensible reply that we don't have as much money. That was a true but incomplete answer. In fact, woman's total instinct for gambling is satisfied by marriage.
~Gloria Steinem~
World-famous online gambling company PartyGaming saw their shares rise nearly a full fifth after brokering a legal settlement with American authorities.
Prior to 2006’s controversial UIGEA under the Safe Port Act, PartyGaming took over three-quarters of its revenue from US customers. However they chose to stop taking bets from Americans after the act was passed.
PartyGaming will pay the US Attorney General $105m as part of a 'Non-Prosecution Agreement'. The cash will be paid in six monthly installments. They are still not taking wagers from US customers.
Recently PartyGaming co-founder Anurag Dikshit paid $300m to the government but could still face prison.
