• BETonSPORTS AND U.S. MAKE DEAL

    08 November 2006

    Newspaper

    REUTERS UK

    BETonSPORTS, U.S. reach stop-business agreement
    Mon Nov 6, 2006 5:10 PM GMT137

    ST. LOUIS (Reuters) – BETonSPORTS Plc (BSS.L: Quote, Profile, Research) and government prosecutors have agreed on a court order permanently restraining the indicted online gaming company from taking bets in the United States, lawyers on both sides told a U.S. court in St. Louis on Monday.

    The order is expected to be filed with the court later this week after technical Internet-related language is screened by experts.

    The London-based company has not operated in the United States since mid-August after it and a dozen executives, several from related Florida companies, were named in a 22-count indictment alleging they failed to pay billions of dollars in excise taxes.

    It had been placed under a temporary stop-business order by U.S. District Judge Carol Jackson pending discussions on language for a permanent order.

    In the interim President George W. Bush signed a law that bans U.S. banks from handling gambling transactions.

    Details of the proposed final order were not made public.

    On August 16, David Carruthers, the former chief executive of the company, was freed on $1 million bond with strict curbs on his movements.

    BETonSPORTS fired Carruthers after his July 16 arrest during a layover at a Texas airport and later announced it had shut down its operations in Costa Rica and Antigua that had served U.S. bettors.

    At Monday’s hearing before Jackson, the lawyer representing BETonSPORTS, Jeffrey Demerath, said agreement on the restraining order was not to be taken as an admission of guilt on the part of the company.

    READ THIS ARTICLE AT REUTERS UK

    Related News

    • 03 January 2020

      Red Rake Gaming Ends the Year with a Blast in Gustav Minebuster Cascading Slot

      Developer Red Rake Gaming is ending the year on a high note with another innovative slot release. Gustav Minebuster takes punters on a journey deep below the Earth. In the depths of the magical and mysterious mine, many treasures await. In order to obtain these treasures, players will have to blast their way through the 8x8 grid. To help them along, there are many engaging features.

      Read full article
    • 04 December 2019

      Fantasma Games Launches Riviera Star Slot Inspired by Monte Carlo

      Developer, Fantasma Games, is taking punters to the French Riviera in their newest title – Riviera Star. The bright light and indulgent luxury of the Riviera are known far and wide. It’s also home to a true gambling Mecca – the Monte Carlo Casino. This famous venue has been in films, books, TV shows, and many other media and has stood for decades as a symbol of all the best that gambling has to offer. The glitz, the glamour, the breathtaking high-stakes wagers.

      Read full article
    • 15 November 2019

      Microgaming and Just for the Win Give Punters the Royal Treatment in Rising Royals Slot

      Microgaming is continuing its grueling release schedule by partnering with Just for the Win and getting ready for a royal bash in Rising Royals. It’s as opulent and decadent as it sounds in this 5x3 game with 20 paylines that features an unmistakably royal atmosphere. That’s because it’s set in Versailles, the royal palace of the French monarchy. As punters start playing they will be greeted by the high paying symbols which consist of the royal family.

      Read full article