Optimal Group Inc Agrees To Hand Over $19.2 Million In Payment Processing Case

Optimal Group, Inc has reached a non-prosecution agreement with US Justice Department (DOJ) in return for a $19.2 million forfeiture of funds. At the heart of the case was the electronic processing company, Firepay, which was operating in the US market between 2004 and 2006 but which has since been shut.
The US Justice Department has been ruthlessly pursuing online gambling sites using instruments of law such as the Wire Act, the Illegal Gambling Business Act, and the Unlawful Internet Gambling Enforcement Act to justify their actions. High on their list of priorities is targetting the financial businesses which process the gambling transactions and in 2007 Firepay became embroiled in the whole clampdown operation when it had assets seized by the DOJ.
“Optimal, operating an electronic wallet called Firepay, processed more than $2 billion worth of illegal gambling transactions for United States customers,” the  U.S. Attorney office said.
Firepay have now acknowledged that they had violated federal law by providing gambling in the United States and have agreed the sum of $19,182,418 in return for non prosecution.
An Optimal statement read that the sum agreed represented a “disgorgement of property involved in and proceeds received from the payment processing services that were provided by the company’s subsidiaries to Internet gambling merchants in relation to U.S. customers of such merchants.” 
With their latest success, the DOJ will now be free to go after the online gambling merchants mentioned in the statement who themselves were deemed to have violated federal law in their connection with Firepay.


Poker News
Mississippi Casinos Post Record Revenue in April as Sports Betting Beckons
04 Jun 2018
Mississippi’s casinos generated gross gaming revenue of $184 million in April, or 5% more compared to the same month in 2017. Furthermore, that total represents an all-time high for the state, and is 1.3% more than the previous record set in 2007 when thousands of volunteers entered Mississippi to assist in cleanup efforts post-Hurricane Katrina.
Switzerland Prepares For June 10th Legalized iGambling Referendum
04 Jun 2018
On June 10th, Switzerland will hold a national referendum to decide whether the ‘Money Gaming Act’ passed by the Swiss Parliament in September 2017 can be implemented next year in its present form. The piece of legislation paves the way for land-based casinos and local partners to offer legalized online gambling in Switzerland, although a
MGM Resorts International Buys NY's Empire City Casino for $850 Million
02 Jun 2018
Real estate and entertainment conglomerate MGM Resorts International has revealed that it’s embarking on a purchase of Empire City Casino, a slots and pari-mutuel wagering venue located in Yonkers, N.Y., just a few miles north of Manhattan. The deal was announced May 29 in a press release, and is expected to be completed near the
Delaware to Launch Full-Scale Sports Betting on June 5th
02 Jun 2018
Last month’s decision by the US Supreme Court to overturn the sports betting ban in the country has opened the floodgates for individual states to legalize and regulate sports wagering within their borders. Before its decision was even made, though, a number of states had already put in place the necessary legislation in order to