Another British Sports-Betting Exec Detained in the USA

by Lou on September 7, 2006

Sportingbet PLC, an online gambling company, said that its chairman, Peter Dicks, was detained in the United States. This comes two months after David Carruthers, former chief executive officer of BetOnSports PLC, was arrested while changing planes at the Dallas-Fort Worth Airport.

Although Sportingbet Chairman said a hearing has been scheduled for Peter Dicks, no further details were forthcoming. They even declined to specify where Mr. Dicks is being held.

At Sportingbet’s request, trading was suspended by the London Stock Exchange. Shares of rival online getting company PartyGaming PLC fell 5.5% following Dick’s detainment, while Empire Online lost 3.1%.

The US government is taking names, and sports betting is a much easier target than other forms of online gaming because it clearly falls under the wire act. The handwriting on the wall is also abundantly clear: If you’re an executive in a firm that accepts sports bets from the US, you’d better make your travel connections outside of these borders.

Comments on this entry are closed.

Previous post:

Next post: