Online gambling company Sportingbet PLC has made a deal with Manhattan U.S. Attorney’s Office to forfeit $33 million derived from illegal gambling proceeds the company provided to customers in the United States.
Preet Bharara, the U.S. attorney for the Southern District of New York, announced Monday the U.S. Attorney’s Office for the Southern District of New York has entered into a non-prosecution agreement with Sportingbet PLC, which was incorporated in England and Wales and publicly traded on the London Stock Exchange. As part of the agreement, Sportingbet agreed to forfeit a total of $33 million.
According to a statement made by Sportingbet as part of the agreement, the company offered Internet gaming to players located in the United States, including real-money sportsbetting and wagering on poker and casino games. By the end of this time period, most of Sportingbet’s active customers were located in the United States.
In 2001, Sportingbet began using payment processing methods designed to misrepresent the nature of its customers’ gambling transactions to United States credit-card issuers that disallowed the use of their cards for Internet gambling. Sportingbet also took steps to mask payments of winnings to U.S. customers.
In addition to forfeiting the money, Sportingbet also agreed to maintain a permanent online restriction on providing gambling services to U.S. customers, in the absence of a change in U.S. law.