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U.S. Settles BetOnSports Online-Gambling Civil Case
A federal prosecutor reached a settlement Thursday with online gambling company BetOnSports PLC that permanently bars the London-based company from accepting any bets from the United States.
The lawsuit has been closely watched by the online gambling industry, which generates about $6 billion annually in the United States.
The settlement ends a massive civil case U.S. Attorney Catherine Hanaway filed this summer.
It does not effect a criminal case still pending against several BetOnSpor ...
Nov 12, 2006, 9:03 am - Lottery News forum
Banks balk at plan to cut off cash from net casinos
A group representing 5,000 small banks is opposing a tool lawmakers hope to use to stop online gambling, posing a challenge to what is widely seen as the government's best shot at cracking down on the activity.
The Independent Community Bankers of America, whose members range from New York's Metropolitan National Bank to Colorado's First National Bank of Las Animas, is objecting to a proposal winding its way through Congress that would require financial institutions to block payments between ...
Aug 30, 2006, 12:22 pm - Lottery News forum
Former BETonSPORTS CEO Carruthers freed on bond
David Carruthers, the former chief executive of indicted online gaming company BETonSPORTS Plc, was freed on Wednesday on $1 million bond with strict curbs on his movements.
Carruthers, 48, must wear an electronic monitoring device and remain confined to a St. Louis residence except for special circumstances until his trial on racketeering and fraud charges, according to the court-ordered terms of his bond.
BETonSPORTS fired Carruthers after his July 16 arrest during a layover at a Texas ...
Aug 16, 2006, 5:21 pm - Lottery News forum
Online gambling company says it will lock out U.S. bettors
fBETonSPORTS, the online gambling company targeted by federal prosecutors in Missouri and Washington, is shuttering the majority of its billion-dollar operations and will no longer accept bets from the United States, a company spokesman said Thursday evening.
The move was seen as a significant victory for prosecutors targeting online gambling and as somewhat of a surprise. Industry experts and even a company insider had predicted that BetOn Sports would simply ignore the federal criminal pros ...
Aug 11, 2006, 11:27 am - Lottery News forum
BETonSPORTS Shutting U.S. Gambling Sites
BetOnSports PLC, the British-based Internet gambling company that has been charged with fraud and racketeering in the United States, said Friday it will shut down its services for American gamblers.
BETonSPORTS said it plans to stop operating in Costa Rica and Antigua from where it accepted wagers from tens of thousands of customers in the United States as soon as possible following a U.S. federal court order for the company to stop taking bets from the country.
Shares in the company were ...
Aug 11, 2006, 11:11 am - Lottery News forum
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