I wonder what’s going on here?
There have been claims in the New York Post that PartyGaming, that heavyweight operator of bingo online games and other online gaming activities, may have to pay a massive $1 billion to the US government to avoid prosecution over its pre-UIGEA gaming activities in the US market!
That’s $1 billion folks!
See, all you have to do if you’re a government wanting to make a few extra bucks is make a new law and then make it retroactive so you can go after people who innocently operated in a time when that law did not exist – nice!
While it’s true original PartyGaming founders Russ de Leon and Ruth Parisol scored a cool $7 billion when they took the company public in London, it may be that they are willing to part with $1 billion just to avoid a shareholder revolt.
However, $1 billion here, $1 billion there, and you’re starting to talk real money. In my humble opinion, that’s 1$ billion that will not be available for prize money for us poor bingo online players looking to make our own score in online bingo.
It could be worse however. The US could simply decide to smash PartyGaming with a massive law suit that would see one of the more popular online bingo halls disappear down the memory hole. I hope it doesn’t come to that – so maybe $1 billion isn’t such a bad price to pay for staying in business?
Written By Bingo Lady
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