Feeds

Another UK internet gaming exec nicked in US

Maybe not the best holiday destination...

High performance access to file storage

The chairman of UK-based gambling firm Sportingbet is due to appear in court on Thursday after he was detained by US authorities.

The arrest of Peter Dicks, 64, follows the July detention of David Carruthers on racketeering charges. Curruthers was then chief exec of rival online gambling firm BetOnSports. US authorities regard most forms of internet gaming and gambling as illegal.

Details of what charges, if any, are to be preferred against Dicks remain unclear.

Share trading in Sportingbet stock was suspended pending clarification of the situation. Sportingbet said Dicks was visiting the US for unspecified reasons unconnected with its business. Dick's detention is likely the result of US moves to tackle internet gambling.

Although online gambling is a growing $12bn a year business in the US, the operation of the business is said to be in violation of US law against placing interstate bets over the phone.

US politicians are looking at tightening internet gambling laws but prosecutors have already taken action.

The announcement of the suspension of Sportingbet shares created jitters among investors in other gambling stock with shares in Partypoker slipping by 11 per cent, while stock in 888 Holdings slid almost 17 per cent, the BBC reports.

News of Dick's detention came shortly after Sportingbet confirmed it was in talks with smaller rival World Gaming about a possible £56.6m acquisition. ®

SANS - Survey on application security programs

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.