Sportingbet
Sportingbet Sportingbet has seen its stock rise in the past couple of days after announcing that they have reached a settlement with the US that will keep the gaming company out of court in the country. The settlement stems from illegal activity before 2006.

When the Unlawful Internet Gambling Enforcement Act was created back in 2006, many of the foreign gaming companies pulled out of the US market. The law did not take affect until this past June, but companies with listings on the London Stock Exchange pulled out when the law was signed just over three years ago.

Sportingbet, however, had trouble with the US before 2006. The settlement allows Sportingbet to avoid prosecution and possibly opens the door to the company re-entering the US market in the future should the laws change.

The US Justice Department has been negotiating with Sportingbet for the past couple of years. The violations stem from Sportingbet taking bets on casino games from US citizens. The company has agreed to pay the US $33 million.

The $33 million may seem like a get out of jail free card for Sportingbet. The company has had the threat of US prosecution hanging over it for years, and it has caused investors to stay away. Now, the company may see a similar jump in price as what PartyGaming saw last year.

PartyGaming also settled with the US involving the processing of bets in the country. PartyGaming agreed to a much stiffer penalty because of its PartyPoker site that was once the most popular online poker room in the world.

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