Feeds

Sportingbet set free in Louisiana

Dicks at ease

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

Online gambling giant Sportingbook announced today in a statement that the State of Louisiana had canceled all outstanding arrest warrants issued against current or former employees, including ex-CEO Peter Dicks.

Dicks was arrested last year in New York on a warrant issued by the State of Louisiana and was subsequently released by New York authorities, who refused to honor the warrant and extradite Dicks to Louisiana. Mr. Dicks resigned his position as CEO shortly thereafter, and Sportingbet pulled the plug on its American business entirely, selling it off for $1.

The fire sale of its American front helped lead to a wide scale collapse in the share prices of other publicly listed online gambling companies, which have only recently begun to recover from almost a year of heavy-handed American enforcement efforts.

The announcement is another piece of good news for the industry, coming quickly on the heels of widespread reports that Congressman Barney Frank of Massachusetts, Chairman of the House Finance Committee and longtime opponent of online gambling prohibitionism, had seriously begun to consider legislation repealing the much-maligned Unlawful Internet Gambling Enforcement Act (UIGEA).

Although Louisiana's actions are irrelevant to the UIGEA itself, being a federal statute, it does seem to indicate that a more rational debate about internet gambling is taking hold in the US. Frank's candid remarks to the Financial Times provoked a nervous response from Senator John Kyl, one of the idealogical driving forces behind the UIGEA, who circulated a letter through Congress and the executive branch urging all to stand firm on the UIGEA.

Positive developments all around for the troubled online gambling industry.®

Designing a Defense for Mobile Applications

More from The Register

next story
Adam Afriyie MP: Smart meters are NOT so smart
Mega-costly gas 'n' 'leccy totting-up tech not worth it - Tory MP
Arrr: Freetard-bothering Digital Economy Act tied up, thrown in the hold
Ministry of Fun confirms: Yes, we're busy doing nothing
ONE EMAIL costs mining company $300 MEEELION
Environmental activist walks free after hoax sent share price over a cliff
'Blow it up': Plods pop round for chat with Commonwealth Games tweeter
You'd better not be talking about the council's housing plans
Help yourself to anyone's photos FOR FREE, suggests UK.gov
Copyright law reforms will keep m'learned friends busy
Apple smacked with privacy sueball over Location Services
Class action launched on behalf of 100 million iPhone owners
UK government officially adopts Open Document Format
Microsoft insurgency fails, earns snarky remark from UK digital services head
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
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
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.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.