Online gambling company PartyGaming has reached a 'Non-Prosecution' agreement with the US Federal Government. This agreement should enable PartyGaming to re-enter the US market should the legislations change (ie, if the UIGEA's reversal happens).

PartyGaming was the largest online poker company with its site PartyPoker until they pulled out of the US market after the passage of the UIGEA.

PartyGaming is set to pay a $105 million fine in a three-year period and the company will also admit that they were involved in actions against US law. By accepting to do this PartyGaming will be immune from federal prosecution for having provided its gambling services to US citizens before the enactment of the UIGEA in October 2006.

“The resolution of our position with the US authorities marks an important day for PartyGaming. It has been a long and complex process but we have reached an amicable solution with the USAO that makes commercial sense for our business and is in the best interests of shareholders. We are now well-placed to seize organic as well as strategic opportunities that previously were beyond our reach.” said Party Gaming's CEO Jim Ryan. 

This agreement could mean a significant change in the online poker world because if entering the US market became a viable option, Party Gaming could access a deeper pool of financing should they choose to expand, which they in all likelihood would do if that was the case.