As a result, the firm has paid a total sum of us$ 33 million
Sportingbet makes final payment to US Department of Justice
(US / UK).- The board of Sportingbet has now made the third and final payment of us$ 6 million to the Office of the US Attorney for the Southern District of New York, acting on behalf of the United States Department of Justice.
2012-03-28
Reading time 33 seg
(US / UK).- The board of Sportingbet has now made the third and final payment of us$ 6 million to the Office of the US Attorney for the Southern District of New York, acting on behalf of the United States Department of Justice.
As a result, the firm has paid a total sum of us$ 33 million in accordance with the terms of the non-prosecution agreement, which the company entered into with SDNY on September 21.
Andrew McIver, Sportingbet group chief executive, commented: "This final payment formally closes any risk which the company may have faced from its former activities in the US.”
“Given that the US market continues to show signs of regulating both by product and by state in the near future, various opportunities exist to re-enter the US market and we are reviewing these," McIver concluded.
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