Sportingbet chairman detained in U.S.

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LONDON (Reuters) - Online bookmaker Sportingbet Plc (SBT.L) said on Thursday its chairman, Peter Dicks, had been detained by U.S. authorities.
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The group said it had sought immediate temporary suspension of its shares pending clarification of the situation.
 

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Sportingbet Chairman Dicks Is Detained by U.S. Authorities

By Dan Weeks
Sept. 7 (Bloomberg) -- Sportingbet Plc, the Web bookmaker that owns Paradise Poker, said Chairman Peter Dicks has been detained by U.S. authorities and a hearing has been scheduled.
The London-based company made the announcement today in a Regulatory News Service statement after requesting a suspension of its shares. Dicks, 64, is the second manager of a U.K. Internet sports-betting company to be held in the U.S. after David Carruthers, former chief executive officer of Betonsports Plc, was arrested in July.
 

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http://www.hemscott.com/news/latest-news/item.do?newsId=35968203650113

Sportingbet says chairman Peter Dicks detained by US authorities
LONDON (AFX) - Sportingbet PLC said non-executive chairman Peter Dicks was been detained by US Authorities in the early hours of this morning whilst visiting the US on non-Sportingbet business.

A statement from the company said a hearing for Dicks is scheduled for 2.00 pm BST and added pending clarification of the situation the Board has sought immediate temporary suspension of Sportingbet's shares.
 

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Sportingbet says chairman detained in U.S.

LONDON (Reuters) - Online bookmaker Sportingbet Plc said on Thursday its chairman, Peter Dicks, had been detained by U.S. authorities, causing shares across the sector to dive as investors feared a crackdown on online gaming.

Analysts said the detention mirrored the detention in July of the CEO of another company that took online sports bets from the United States, Costa Rica-based BETonSPORTS.

BETonSPORTS former Chief Executive David Carruthers and seven others pleaded not guilty to racketeering and other charges. The company has since said it is closing its U.S. business.

Sportingbet said it had sought immediate temporary suspension of its shares pending clarification of the situation. Shares in the company were down 1.8 percent at 238-1/2 pence at the time of the suspension.


The news hit other shares across the sector, with PartyGaming down 10.5 percent by 11:20 a.m., 888 plc down 15.2 percent and Playtech down 11.65 percent.

Sportingbet said earlier on Thursday it was in preliminary talks about making a possible all share offer for World Gaming Plc.

The two groups said that based on Sportingbet's closing price of 244 pence on Wednesday, the offer would value each World Gaming share at an implied price of 104 pence, valuing World Gaming at 107 million pounds.
"We have a long history with World Gaming," Sportingbet Finance Director Andy McIver told Reuters prior to the announcement that the group's chairman had been detained. "The servers that take our bets sit in a bunker in Antigua that is owned and maintained by World Gaming."
"This is about tidying up that relationship and taking control of key suppliers," he added.

Revere14
 

zee

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I always wished my last post to be that:

"Land of the free"

Enjoy it. I'm not going back.
 

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Calvin, you are next boy.

If you dont come here,they are coming to get you.
 

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Yeah Damn These Fuc*ing Liberals!!!!!

One day all you stupid bastards that put this admin. into office will acknowledge what a disaster it has been. If you had a son or daughter in or eligible to go Iraq/Afghanistan as do I you`d realize it. They`ll stop at nothing to restrict the freedoms we/I fought for and to mould this country in the way these religeously fanatic goofies envision. Go to your HS history book & read Ol Tom Jefferson`s writings re. freedom vs oppression!
 

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How hard is it not to come to the US if you run a sportsbook!!!

-Sean
 

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What on earth posessed this idiot fly to the US knowing what the current climate towards Offshore books are there :monsters-

Brilliant timing as well with the NFL getting underway tonight, words fail me.
 

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The USA is the meat of their business.

Their egos wont let them stay away from here.

Blame it on Calvin. He is a fucking idiot. He brings a ton of negative attention to offshore.

They are coming for you boy.
 

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those books up there represent a ton of money that is going to be lost.

ace might finally have his threads passed with attention.
 

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Mr Dicks should have entered the U.S. via the
Mexican border and he could have gone anywhere
he wanted to without any government agencies bothering
him.
 

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Joe Scalipini said:
Mr Dicks should have entered the U.S. via the
Mexican border and he could have gone anywhere
he wanted to without any government agencies bothering
him.

:missingte
 

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