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PartyGaming has agreed to pay a $105 Million fine to the Department of Justice (DoJ) in order to avoid being prosecuted for having offered online gambling to American citizens. The fine is for the period before the UIGEA was put in place when PartyGaming were still active on the US gambling market.

When the UIGEA was passed PartyGaming decided to leave the US market and since then all of the games that PartyGaming are offering have been closed to US players. They are going to keep blocking the US and will not accept any customers from that part of the world, but after paying this fine they say that they are can now move on with their plans of buying other gambling portals.

The deal that was made with the DoJ is only valid for the company and not its founders. Anurag Dikshit is one of the four persons who founded PartyGaming and he has agreed to pay a $300 Million fine to the doJ. The other three founders are Russ De Leon, Ruth Parasol and Vikrant Bhargava has yet to agree to pay any fines so they are still risking prosecution in the USA.

Yesterday PartyGaming released their quarterly report that shows that the profit is down by 2% compared to the same quarter in 2008.

When the stock market closed yesterday the PartyGaming stock was up by 15.41% on the London Stock Exchange.

Last week PartyGaming gave made their results for 2008 public to all its shareholders. The numbers are showing that the companies profit from PartyPoker.com has gone down a bit compared to 2007. In 2007 PartyPoker.com made a profit of $295 Million and in 2008 it went down to $274 Million.

The casino side of things are going better than before however and PartyCasino.com made a $176 profit in 2008 compared to the $144 Million profit that was made in 2007.

The bingo part of the PartyGaming Empire is also growing as the profit for the year for PartyBingo.com was $4.5 Million compared to $2.5 Million in 2007.

The total profit for the PartyGaming as a whole came up to a whopping $472.9 Million which means that they will make a profit of $77.8 for 2008 after all taxes and other expenses has been taken out of the equation.

PartyPoker.com used to be the largest online poker room in the world before the UIGEA hit back in 2006. During the first 6 months in 2006 PartyGaming made a profit of $259.2 Million but after the UIGEA was set into place both the profit and the shares plummeted.