US Authorities doesn’t like Dicks from Sportingbet
Yep, apparently, weeks after the BetonSports CEO was detained, the Sportingbet Chairman follows.
Peter Dicks, chairman of the online bookmaker Sportingbet PLC, was detained by US Authorities, paving the way for the temporary suspension of its shares, just like what happened to BetonSports when its CEO, David Carruthers, was arrested.
Jeez… What’s with these online sportsbooks anyway?
Shares in the company were suspended after Peter Dicks, 64, was held whilst visiting the US on non-Sportingbet business. A court hearing is due to take place later today.
Shares in other gaming companies plunged as well, with Party Poker owner PartyGaming down 14% and 888 Holdings off by a similar amount.
Online gaming stocks have been volatile in recent months following the BetonSports charges and the possibility of further legislation in the US.
Sportingbet did not disclose the reason for Mr. Dicks being detained, or the location where he is currently being held.
Well, I guess they just keep on falling down like the next Story of the Year album flop eh? (Just needed to get that one in…) One thing’s for sure though, Bodog won’t go the way where these guys have been.
After all, with the new NCAA College Football season, and of course, the NFL Football season, underway, Bodog has been kicking it to high gear as of late. And oh yeah, Calvin Ayre, the founder of Bodog, shows no sign of slowing down. Heck, the guy’s also preparing to put Mixed Martial Arts in the mix, dubbing it as, ”BodogFIGHT.”
It seems that public companies are most vulnerable at this stage of the crackdown. Bodog is a private sports betting company that is prepared to operate and sustain its operations wven without Calvin Ayre. Other privately owned sportsbooks that are safe bets for the football betting season are SportsInteraction, SBG Global Sportsbook, BetOnline and AllHorseRacing.
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