Feeds

Another UK internet gaming exec nicked in US

Maybe not the best holiday destination...

Application security programs and practises

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. ®

The Power of One eBook: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.