Even before the enormous setback the company suffered in October메이저놀이터 2006, PartyGaming had experienced several important shifts in its operations. To begin, Dikshit and Bhargava had both resigned as members of the board of directors of the company; they were eager to get started on other endeavors.
Midway
Midway through 2006, the 메이저놀이터company unveiled a new piece of software that provided access to games other than poker. This allowed players to access various games with the ease of one centralized account rather than having to create separate accounts for each game.
The corporation
The corporation also appointed a new chief executive officer. Jim Ryan, who had most recently served as the CEO of Excapsa (Ultimate Bet) and the Chief Financial Officer of casino software company CryptoLogic, has been brought on board.
His mission
His mission was crystal clear: develop a plan to protect the PartyGaming brand while simultaneously identifying new opportunities for the company to expand its operations.
The difficulty with this approach was that there were already an excessive number of gaming companies operating in the European market. Gambling was ingrained in the culture of Europe. Therefore players and operators benefited greatly from the region’s more favorable legal environment.
It was evident that PartyGaming faced an uphill battle against the companies already established in the market when they launched their sportsbook. However, most of the gambling revenue came from sports betting.
The aftermath of the events in the United States in 2006 needed to be resolved before the corporation could move forward with any new commercial endeavors. Anurag Dikshit settled with the Department of Justice in the year 2008; in exchange for all charges being dismissed against him, he paid a fine that was greater than 300 million US dollars.
However, this was a personal settlement, and it had no bearing on the charges brought against the firm. As of now, he is the only founder who has consented to a settlement being reached.
Jim Ryan had been negotiating with several parties regarding the possibility of company mergers. Still, before any of those mergers could take place, he was required to negotiate with the Department of Justice as well. In 2009, after attorneys had spent months going back and forth on the matter, it was finally decided that a settlement would be reached between PartyGaming and the Department of Justice.
If the company agreed to plead guilty to the mail fraud charge and pay a slightly more than 100 million USD fine, the United States government would withdraw all of the other allegations it had brought against the company.
This news was important for several reasons, and they are all listed here. To begin, the fine was a fraction of the amount Dikshit had personally been required to pay, which would serve as a model for future agreements regarding settling disputes.
The essential aspect of this settlement. However, is that it allows PartyPoker to compete once again in the United States market, should that opportunity ever arise. PartyPoker never admitted that they were operating unlawfully in the country. However, they agreed to the rules, and this would prove to be a key distinction in the not-too-distant future.
