Casino Choice UK News Archive
SportingBet chairman, Peter Dicks, detained in USA
The Wire Act explicitly forbids businesses from using a wire communication facility to assist in placing bets on 'any sporting event or contest'.
Sportingbet generates around half of its revenues from US sports betting.
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.
This overshadowed the news that PartyGaming, which is the world's biggest online gaming firm, reported first-half earnings which were in line with market expectations and said it remains confident about its future prospects.
Sportingbet generates around half of its revenues from US sports betting.
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.
This overshadowed the news that PartyGaming, which is the world's biggest online gaming firm, reported first-half earnings which were in line with market expectations and said it remains confident about its future prospects.
Submitted: 2006/09/07 at 17:33:40
