• GAMBLING EXECS NOT SAFE IN US

    10 September 2006

    Newspaper

    24.COM | FIN24.COM
    Gaming chiefs not safe in US
    10/09/2006 13:49

    St Louis – Gambling industry experts agree: If you operate an offshore gaming website, stay out of the US.

    Moments after stepping foot on American soil on Thursday, Sportingbet plc Chairperson Peter Dicks became the second British offshore sports betting executive arrested in recent months for illegal online gambling in the US. Former BetOnSports plc Chief Executive Officer David Carruthers was arrested on federal charges in July.

    It’s still unclear if the arrest is a coincidence or part of a government crackdown, but some experts suspect the latter.

    And as millions of dollars in bets for the NFL’s opening weekend roll into thousands of websites, the pressure on the internet gaming industry has intensified.

    “You don’t need legal expertise to know if you are running an offshore gambling site, don’t come to America right now. You stand a good chance of being arrested,” internet gambling expert and lawyer Nelson Rose said.

    Dicks, 64, was arrested at Kennedy International Airport in New York after flying from London, where his websites operate legally and are traded on the London Stock Exchange. More than $1.5bn shares in the company were suspended by the LSE at Sportingbet’s request on Thursday.

    Dicks was detained on a Louisiana state warrant from May for gambling by computer, a felony punishable by up to five years in prison and a $25 000 fine. Similar warrants have been issued for other Sportingbet associates, but authorities would not release information on who or how many of them are wanted.

    READ THE COMPLETE ARTICLE AT FIN24.COM

    Related News

    • 23 May 2020

      Shine A Light At Tsars Casino – A Brand New Online Gaming Venue

      With so many online gaming venues, players must have a hard time deciding which one to pick. Now that task is even harder because the new Tsars Casino is on the market and it looks quite dashing. Besides its stunning presentation... …lays the big portfolio full of various entertainment options. Its promotion section is also the talk of the town since it is quite impressive with its numerous incentives. A wide assortment of banking methods...

      Read full article
    • 01 May 2020

      Billy Spins is One of the Hot New Upcoming Casinos

      There’s a new star rising on the iGaming sky – Billy Spins casino. With an interesting design, it has a lot to offer. Starting with a great promotion section to its strong game portfolio, it provides a variety of entertainment options. A Sister Site to the Award-Winning Platform The team behind Billy Spins is responsible for developing one of the leading bingo casinos – Bingo Billy.

      Read full article
    • 14 August 2019

      Global iGaming Market Value to Increase to $94.4 Billion by 2024

      The Global iGaming industry is very large and very profitable. All around the world, people are betting on sports events, horse races, and enjoying casino games or interactive video slots. The industry seems unstoppable, but exactly what is driving this growth and how will it all look like in the future? Now, a new market report by Zion Market Research answers these questions and reveals some surprising statistics about the industry and the factors at play in its growth. Massive Growth

      Read full article