5Dimes agrees $46.8m DoJ settlement, targets US licences

| By Aaron Noy
Costa Rica-based betting operator 5Dimes has agreed to pay a $46.8m settlement to the Department of Justice following an investigation into the operator illegally targeting US customers and announced it plans to enter the US regulated market.

The agreement ends an investigation from the United States Attorney’s Office for the Eastern District of Pennsylvania, in conjunction with the Department of Homeland Security Investigations, that started in 2016. It follows the operator’s decision to block all US customers earlier this month.

At the time, it hinted at an attempt to seek licenses in the US and following the settlement, it has confirmed this is the case, under a new corporate structure.

In addition, it explained the decision to block US customers, effective 25 September, was part of the settlement.

“5Dimes has entered into a settlement agreement with the United States Attorney’s Office for the Eastern District of Pennsylvania that will allow the company to enter the legal, regulated US gaming industry under a new corporate structure, free and clear of any restrictions on the transfer of its assets and in compliance with US law,” the operator said.

Read more on iGB North America.

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