Wed August 1, 2012
Online Poker Companies Make Deal With Prosecutors
Originally published on Thu August 2, 2012 7:31 am
RENEE MONTAGNE, HOST:
NPR's business news starts with a poker payout.
(SOUNDBITE OF MUSIC)
MONTAGNE: Two Internet poker companies have reached a deal with federal prosecutors. Poker Stars will pay nearly $550 million to settle charges of money laundering and fraud. Poker Stars is acquiring the website "Full Tilt Poker," so part of the settlement will be used to reimburse former customers of that site. Neither company - now shut down in the U.S. - admitted any wrongdoing. And if U.S. laws change to allow online poker, they'll be back in business. Transcript provided by NPR, Copyright National Public Radio.