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Sportingbet Aims to Expand in U.S.



Printer Friendly VersionPost a CommentTell a Friend about this Article21 September 2006
As reported by: Yahoo
The chief executive of Sportingbet said in an interview published Thursday that he is determined to expand activities in the United States, where the online gaming company's chairman was arrested earlier this month.


In an interview with the Financial Times, Andrew McIver said he believed the United States was the only market worth serious investment.

"It's the U.S. -- or what's the point? I still hold that view," the newspaper quoted McIver as saying.

Sportingbet did not immediately return a call for comment Thursday.

Peter Dicks, 64, resigned as the company's non-executive chairman after being arrested in New York on Sept. 6. Customs officials discovered he had an outstanding warrant issued by the Louisiana State Police Gaming Enforcement Division.

The warrant was issued in May, charging Dicks with gambling by computer, a felony punishable by up to five years in prison and a $25,000 fine.

Louisiana authorities want to bring Dicks back to the state to stand trial.

Eight U.S. states have laws prohibiting Internet gambling: Washington, Nevada, Illinois, Indiana, Louisiana, South Dakota, Michigan and Oregon. The arrest of Dicks marked the first time one of those states has taken action against one of thousands of big-time online gambling operations. Millions of American players bet an estimated $6 billion per year online, according to industry figures.


Article By: Yahoo

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