18 July 2006


    Tue Jul 18, 2006 5:11pm ET16
    By Julie Vorman

    WASHINGTON, July 18 (Reuters) – The indictment of BETonSPORTS Plc (BSS.L: Quote, Profile, Research) executives for racketeering should add momentum to U.S. legislation that aims to ban broader types of Internet gambling, two Republican backers said on Tuesday.

    The U.S. House of Representatives overwhelmingly approved a bill earlier this month that would prohibit most forms of Internet gambling and make it illegal for banks and credit card companies to make payments to online gambling sites.

    A similar bill is pending in the U.S. Senate, where supporters are scrambling to win passage before an August recess.

    The $12 billion-a-year online gambling industry was shaken this week after a grand jury in St. Louis indicted BETonSPORTS Plc (BSS.L: Quote, Profile, Research) and some of its executives.

    Chief Executive David Carruthers was arrested while changing airplanes at the Dallas-Fort Worth Airport and three other men linked to the company were arrested in Florida. An arrest warrant was issued for BETonSPORTS founder Gary Kaplan, who lives in Costa Rica.

    The high-profile case is being prosecuted by a newly appointed U.S. Attorney in St. Louis, Catherine Hanaway, and accuses Kaplan of taking bets from undercover federal agents. The government said in court documents it could seek forfeiture of more than $4.5 billion and other assets from the company and its executives.


    Related News

    • 18 November 2019

      Kalamba Games Drops Western Retro-futurist Adventure Big Bounty Bill

      Game developer, Kalamba Games, is asking players to join Big Bounty Bill on a journey to the Badlands in a quest to apprehend a gallery of villains and reel in some big prizes in a totally original retro-futurist adventure. The intense pursuit through this original take on the Wild West is packed with trademark features from this developer that let punters play the game their own way.

      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
    • 11 June 2019

      The Netherlands Gaming Authority Expects Online Gambling Market To Open In January 2021

      The Dutch top gambling regulator announced that the Netherlands’ new regulated online gambling market won’t take off for another year and a half. During the Gaming in Holland conference, the chairman of the Kansspelautoriteit (KSA) gaming regulatory body, Rene Jansen, said that the regulator was planning for the country’s new Remote Gambling Act to take effect on July 1, 2020. International Operators Highly Interested:

      Read full article