Anurag Dikshit, co-founder of PartyGaming, has reportedly struck a deal with the U.S. Department of Justice to plead guilty to one or more charges related to illegal online gaming and pay a fine of as much as $300 million.

At the same time, PartyGaming itself has reportedly struck a deal with the DOJ that will avoid a guilty criminal plea.

PartyGaming said it was making “good progress” in its discussions with the DOJ and was “currently negotiating the final terms of a possible settlement.” It also said it expects any forfeiture to be significantly less than the $300 million Dikshit has agreed to pay.

Richard Carter, an analyst with Numis, predicted the fine will be a maximum of $100 million payable over a 12 to 24 month period.

There is some possibly positive news to come from the announcements. In addressing its legal troubles in the U.S., PartyGaming will be ahead of the curve compared to its rivals in putting its legal troubles behind it. As more operators are brought to “justice,” PartyGaming will be in a good position to be a major player in an industry consolidation that is anticipated.

Additionally, it will put the company in good standing with the U.S. administration, seen as a good thing as many expect the new administration to take a kinder approach to online gaming.

By GGB Staff

Staff writers for Global Gaming Business magazine. Las Vegas, Nevada.