| Posted by: ian_go at August 14, 2006, 9:18 am | | Topic: Betcorp hangs up on American punters Forum: Winner Online |
Betcorp, the AIM-listed online gaming company, has stopped taking telephone bets from American residents, and is reviewing its US-facing businesses in the wake of the racketeering and corruption allegations that have beseiged its sector rival BetOnSports.
The US business accounts for up to 85 per cent of the total and telephone bets 9 per cent of revenues.
Colin Walker, the chief executive, told Times Online that Betcorp continues to monitor its American-facing businesses in the light of continued uncertainty about the legality of online gaming.
"We're registered in Antigua, where we take bets. The iew we'd understood from our legal advisers was that we had been acting legally and appropriately. Recent events have cast that into doubt," Mr Walker said.
Betcorp shares lost more than 40 per cent of their alue following the arrest in Texas last month of BetOnSports chief executive David Carruthers, said it was taking steps to minimise the legal risks as... | | Read Entire Entry |
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