The Queen of Hearts

Shares in Online Gaming Plummits After Another Exec Detained

Shares in online gaming stocks plummeted following news that a second Internet gaming executive was detained, with analysts saying the development has 'grave consequences' for the online gaming sector.

According to Sportingbet, their non-executive chairman Peter Dicks was detained by US authorities while visiting the US on non-Sportingbet business.

Dicks' detention follows the arrest of BetonSports PLC's former chief executive David Carruthers earlier this year and the subsequent 22-count indictment served on BetonSports, alleging various charges of racketeering, conspiracy and fraud, including breaches of the 1961 Wire Act.

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posted by Queen of Hearts @ 00:35