BETonSPORTS Fires Jailed CEO
Wagering firm distances itself from colorful founder and Costa Rica
Embattled online gambling firm BETonSPORTS dealt its incarcerated chief executive out of the game with a terse announcement Tuesday that David Carruthers has been terminated.
The company also put some distance between its operations and BETonSPORTS founder Gary Stephen Kaplan, who was charged with 20 felony violations and is currently on the lam.
Mr. Carruthers, who was arrested in a U.S. dragnet nine days ago as he cha ...
Jul 26, 2006, 3:17 pm - Lottery News forum
Internet gambling bill seen delayed in Senate
A bill to outlaw most forms of Internet gambling appears unlikely to win U.S. Senate passage before senators begin a month-long recess on August 4, two Republican leadership aides said on Tuesday.
They said backers of the legislation were trying to build support for it and resolve differences as the Senate focuses on other legislative matters and gets ready for a summer break.
The bill was not among the priorities outlined by Senate Majority Leader Bill Frist, a Tennessee Republican, durin ...
Jul 26, 2006, 3:04 pm - Lottery News forum
All Gambling operators' eyes on BETonSPORTS hearing
Forth Worth, Texas, is the center of attention for the entire online gambling world today. Operators, executives, investors, financial advisors anxiously wait the outcome of David Carruthers' detention hearing which will take place this morning in Forth Worth.
The DoJ wants David Carruthers to be extradited to Missouri. The DoJ is also requesting Mr. Carruthers to be denied bail. Carruthers was taken into custody by federal agents last Sunday in Dallas.
The British media alleged that the F ...
Jul 21, 2006, 9:24 am - Lottery News forum
Net gambling ban bill set for Senate strife
A bill to ban Internet gambling faces opposition in the US Senate but backers still hope to win passage of it within a few weeks, a top aide to US Senate majority leader Bill Frist said on Thursday.
Eric Ueland, Frist's chief of staff, said: We are trying to get something done before the August recess, which is set to begin on 4 August.
Earlier on Thursday, another Frist aide said lawmakers are still working on the bill but will not be able to vote on it before the Senate heads off for i ...
Jul 21, 2006, 8:27 am - Lottery News forum
Online Gambling Conference Shuts Down After Arrests
David Carruthers became the latest poster boy or scapegoat, depending on one's perspective when he was arrested in Dallas on charges of racketeering, conspiracy and an illegal online gambling enterprise. While on a layover to Costa Rica, where his company is based, Carruthers, chief executive officer for BetOnSports was arrested and detained on Sunday, forcing the online gambling community to take note.
Carruthers' arrest seems to have spooked online gaming executives. A major gaming con ...
Jul 21, 2006, 7:30 am - Lottery News forum
Responsible gamblers threatened by anti-gambling bill
Joe Callari is 27. He's a college student.
He has no wife, no kids. He works about four hours a day.
And he says he makes nearly twice as much in a year as the average Joplin household.
About six months ago, Callari, a psychology and business major at Missouri Southern State University, quit his job as a manager at a local Hastings store to take on a slightly more profitable venture playing online poker.
Callari said he makes $40 an hour in his new gig he sets his own hours an ...
Jul 21, 2006, 7:09 am - Lottery News forum
Sports-Betting Operation Shuts Web Site
An offshore sports-betting operation targeted by U.S. prosecutors shut down its Web site Tuesday night, a day after a federal judge ordered the company to stop letting Americans place wagers.
BetOnSports PLC said it was temporarily stopping all transactions while it reviewed the situation.
Earlier on Tuesday, the site had appeared to be operating normally, offering bets on Major League baseball and season-opening college football games.
The company's founder, Gary Stephen Kaplan, the ...
Jul 19, 2006, 9:24 am - Lottery News forum
Analysts say online gambling law a bad idea
'Moral crusade ... is wrong for about 1,000 reasons'
Yesterday, the Department of Justice [DOJ] announced charges against 11 individuals and four companies accused of taking sports bets from U.S. residents in the $12 billion a year online gambling industry.
The charges focused on the persons and companies that supported BetonSports PLC, a U.K. incorporated, publicly traded company and popular Internet sportsbook that claims to have 1.2 million registered users.
The view of the DOJ is a ...
Jul 19, 2006, 8:36 am - Lottery News forum
Gambling industry adjusting after CEO arrest
Next week's big online gambling conference in Las Vegas may turn out to be a washout as a number of individuals invited are thinking of cancelling their trip in the wake of the indictments of senior directors at BetonSports.
The annual conference, organised by Bodog.com, is a must-go event for industry executives, but the arrest of the BetonSports chief executive David Carruthers on entry to the US has made people think twice about attending.
Bodog.com's chief executive, the Canadian maver ...
Jul 19, 2006, 8:07 am - Lottery News forum
Dallas arrest sparks fears of internet gambling crackdown
Analysts say timing of arrest may be designed to influence legislative process
The internet gambling industry was in disarray last night after the Scottish chief executive of BetOnSports, the Costa Rica-based operator, was arrested by the US federal authorities at Dallas Fort Worth airport.
In a brief hearing at a federal district court in Fort Worth, Texas, prosecutors said that David Carruthers and several others were charged with conspiracy to offer bets on professional and college spor ...
Jul 18, 2006, 8:14 am - Lottery News forum