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
Online gambling world watches U.S. case
BetOnSports indictment may show limits of American authorities' control
When prosecutor Marty Woelfle went before a federal judge this week to lay out her case against an online gambling firm, she faced a daunting legal challenge from the company she was prosecuting: No one bothered to show up.
There would seem to be good reason for BetOnSports PLC to hire attorneys. The firm is facing a 22-count indictment on fraud and racketeering charges filed in the U.S. District Court in St. Louis. Th ...
Aug 3, 2006, 10:18 pm - Lottery News forum
Bail set at $1m for UK internet gaming boss
The former BETonSPORTS chief executive David Carruthers is likely to be released on $1m bail within days under a deal with the American government which would allow him to live in the Midwestern city of St Louis until his trial for organizing illegal gambling.
Mr. Carruthers was one of eight people connected to BETonSPORTS who appeared in Missouri's federal court yesterday to enter pleas of not guilty in relation to charges of fraud, racketeering and unlawful gaming.
Among the others caugh ...
Aug 1, 2006, 10:30 am - Lottery News forum
Not guilty pleas entered in online gambling case
The former chief executive of one of the world's largest online gambling companies, BetOnSports, will remain in federal custody after pleading not guilty Monday to charges of mail and wire fraud and racketeering.
David Carruthers, 48, was one of several BetOnSports PLC employees and associates named in a federal 22-count indictment who pleaded not guilty.
Neil Kaplan and Lori Kaplan Multz, the brother and sister of BetOnSports founder Gary Kaplan, were among those pleading not guilty.
Aug 1, 2006, 7:59 am - Lottery News forum
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