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IQ-Ludorum Gaming News:
Antigua seeks restraining order against online gambling firm
1st December 2006
The Antiguan government has taken measures to stop the sale of Antigua-registered online gambling businesses.
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BetonSports CEO wins deal with US authorities
18th October 2006
The civil case against Internet gambling company BetonSports is approaching a resolution, but criminal charges against former Chief Executive Officer David Carruthers and a number of other principals in the company still stand.
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Peer fears FBI rap over betting firm
11th October 2006
A Northern Ireland peer has said his family are living amid "absolute insecurity" about being dragged into a high-profile FBI probe.
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Arrest, bill won't deter online gambling
21st August 2006
The recent arrest of a high-profile online gambling executive and a federal bill outlawing virtual wagers are generating headlines but will do little to curb the multibillion-dollar industry, gaming experts say.
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Former BETonSPORTS chief freed on bond
17th August 2006
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.
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Advisers to Betonsports faced with legal action
13th August 2006
As Betonsports faces meltdown, shareholders in the online gambling firm are considering taking legal action against the company's advisers - Evolution Securities and Baker Tilly.
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US continues legal action against British gambling firm
12th August 2006
US government lawyers say they will continue prosecuting BetOnSports, even though the British-based internet gambling company is shutting down its operations that take bets from American customers.
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BetOnSports to close US business after chief arrested
11th August 2006
ONLINE gaming firm BetOnSports, which removed its Scots-born chief executive from his job following his detention in Texas last month on racketeering charges, today said it was closing down its Stateside business.
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Ex-gaming boss in not guilty plea
1st August 2006
The former chief executive of online bookmaker Betonsports has pleaded not guilty to racketeering and other charges in the US.
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Betting firm is linked to US Mafia kingpin
30th July 2006
EMBATTLED online bookmaker Betonsports once shared the same address, technical support and solicitor as a company linked to New York’s notorious Bonanno crime family.
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Indicted gaming company fires CEO
26th July 2006 - Antigua Sun
A week after locally licensed Internet gaming company BetonSports was hit with the indictment of both its founder and its chief executive officer on racketeering charges, the company has announced that it has sacked arrested CEO David Carruthers.
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How US gambling laws sent a Scot to jail
23rd July 2006 - The Scotsman
WHEN David Carruthers was arrested last Monday night at Dallas Airport, panic spread through the online gambling industry. "Never mind the falling share price," many will have wondered, "am I going to go to jail?"
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Ex-finance boss sues gambling firm at centre of FBI inquiry
23rd July 2006 - The Observer
The former chief financial officer of Betonsports, the internet gambling firm at the centre of an FBI investigation, is claiming the firm owes him over £100,000 in unpaid fees and share options .
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BETonSPORTS case narrows odds on US gaming law
21st July 2006 - Reuters
As the BETonSPORTS (BSS.L) CEO prepares for a U.S. court hearing on Friday, his arrest on tax evasion and racketeering charges has narrowed the odds that an anti-gaming bill, once thought a long shot, could become law.
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BetOnSports forced to close down poker and casino websites
20th July 2006 - Times Online
ONLINE poker and casino operators, such as PartyGaming and 888 Holdings, have been drawn into the American Government’s assault on the internet gambling industry.
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US warns online gambling is illegal
18th July 2006 - Money Central
Charges of illegal gambling levelled at BetonSports and David Carruthers, its chief executive, may be only the first in a series of prosecutions against online gambling executives setting foot on US soil, federal officials warned on Tuesday.
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Eleven Individuals and Four Corporations Indicted On Racketeering, Conspiracy And Fraud Charges
17th July 2006 - News Wire
A federal grand jury in the Eastern District of Missouri has returned a 22-count indictment charging 11 individuals and four corporations on various charges of racketeering, conspiracy and fraud, the Department of Justice announced today. The indictment was returned on June 1, 2006, and unsealed today.
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Online gaming operators slump on arrest
17th July 2006 - News Wire
Gambling companies slumped Monday in London after the chief executive of BetOnSports was detained by U.S. federal authorities, while takeover bids and speculation helped boost retailer GUS and retirement-home builder McCarthy & Stone.
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