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Legal Issues

by Carlo Longino

Wed, Apr 8th 2009 4:47am




Filed Under:
fines, online gambling


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 in online gambling taxes a settlement to the US government last year, meaning it's now collected about $750 million or more in "settlements" with foreign gambling companies and their executives. The government has shown little interest in prosecuting anybody, underlining the belief that it's really just taxing these companies in a very roundabout way. If it's going to do that, it remains that legalizing online gambling so it can be regulated and taxed would be a better solution.

16 Comments | Leave a Comment

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  1.  
    identicon
    Todd., Apr 8th, 2009 @ 6:11am

    Anurag Dikshit?

     

    [ reply to this | link to this | view in thread ]

  2.  
    identicon
    Marc, Apr 8th, 2009 @ 6:19am

    Pronounced 'Deek'sheet'

     

    [ reply to this | link to this | view in thread ]

  3.  
    identicon
    Marc, Apr 8th, 2009 @ 6:22am

    (smile)

     

    [ reply to this | link to this | view in thread ]

  4.  
    identicon
    Anonymous Coward, Apr 8th, 2009 @ 6:27am

    Online Gambling Tax

    Is it just me, or does this sound like "protection" money?

    "Nice, business, it'd be a shame if somethin' should happen to it."

     

    [ reply to this | link to this | view in thread ]

  5.  
    icon
    mike42 (profile), Apr 8th, 2009 @ 6:49am

    But...

    You can't legalize online gambling! What about the children!
    (Well, someone had to say it!)

     

    [ reply to this | link to this | view in thread ]

  6.  
    identicon
    Anonymous Coward, Apr 8th, 2009 @ 6:53am

    Re:

    Yeah, it can be amusing at times... I have a colleague whose name is Phani, pronounced "funny"

    You don't want to know what "Laura" means in Hindi...

     

    [ reply to this | link to this | view in thread ]

  7.  
    identicon
    james, Apr 8th, 2009 @ 6:55am

    Re: But...

    In a regulated & taxed system the kiddies are well more protected than in a illegal system with no regulator to cry to...

     

    [ reply to this | link to this | view in thread ]

  8.  
    identicon
    Anonymous Coward, Apr 8th, 2009 @ 9:00am

    Yeah, because we know the regulators of banks and wall street firms are so good, right?

     

    [ reply to this | link to this | view in thread ]

  9.  
    identicon
    Anonymous Coward, Apr 8th, 2009 @ 9:53am

    Re: Re:

    Yeah. He was represented by his lawyers, Mike Hock and Amanda Huggenkiss.

    Something tells me Bart Simpson provided the names in this case.

     

    [ reply to this | link to this | view in thread ]

  10.  
    identicon
    Weird Harold, Apr 8th, 2009 @ 1:25pm

    I use to work with a guy who's name was Maboob. I am sure harold sounds just as funny in his native tongue.

    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".

     

    [ reply to this | link to this | view in thread ]

  11.  
    identicon
    Wilhelm Busch, Apr 9th, 2009 @ 12:37am

    WoW

    My word if he can pay sums like those above the online poker business must be booooming to say the least, no credit crunch there.

     

    [ reply to this | link to this | view in thread ]

  12.  
    identicon
    Robert, Apr 15th, 2009 @ 9:10pm

    WTO

    This is just crazy! Maybe between the WTO and the economic melt down in the US we can get these stupid laws changed

     

    [ reply to this | link to this | view in thread ]

  13.  
    identicon
    Casino Junkie, Jul 3rd, 2009 @ 1:10am

    im a believer on this

    Casinos are pretty beneficial. It helps to elevate the drowning condition of one state because of the bigger taxes generated out from it. It also generate employment on the people.

     

    [ reply to this | link to this | view in thread ]

  14.  
    identicon
    Gian Barrett, Dec 15th, 2009 @ 4:05pm

    Revenue maker

    I agree with casino junkie. Online casinos generate revenues for the state. I can't understand why they are always trying to cease it's existence. A lot of people are creating their account at casinos like Gamblux gambling and other sites so I don't think people don't want it to be legalized.

     

    [ reply to this | link to this | view in thread ]

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