Oziumrules 0 Posted July 17, 2006 Share Posted July 17, 2006 Its starting already!!!!LONDON (AFX) - BetonSports PLC's chief executive David Carruthers has been detained by US federal authorities while changing flights in the US en route from the UK to Costa Rica, sending shares in online gaming stocks tumbling.The company, which is one of the largest US and Asia-facing online gaming companies, said it is seeking clarification as to the basis of the detention. adding that a further announcement will be made "when appropriate".A spokeswoman for BetonSports was unable to give further details."David has not had any contact with the outside world. All we know is that he was detained. Why he was detained we don't know and would not want to speculate," she said.Today's development follows last week's vote by the US House of Representatives to back a bill making it illegal for US-based banks and credit card firms to make payments to online gaming sites.The bill now moves through to the US Senate where industry experts believe it has only a slim chance of being passed with the issue of "carve-outs" (exemptions for horse racing and state-run lotteries) still an obstacle while there are only a limited number of Congressional days before the November mid-term elections.Just last Friday, Carruthers used BetonSports' Annual General Meeting to tell shareholders the chances of the bill being passed are "remote".Analysts speculated today over whether Carruthers' detention is "politically motivated"."We will be monitoring this case closely as it is too early to say if this is part of a broader strategy on prevention of Internet gambling in the US or if it is the Department of Justice flexing their muscle and trying to influence legislation," said Greg Harris, an analyst at Cannacord.Williams de Broe analyst Nigel Parson forecast the news would "throw online gambling stocks into a spin"."David Carruthers is a prominent advocate of the pro-online gambling industry and the fear that this is an escalation of the anti-lobby will trouble markets," Parsons said.Williams de Broe has downgraded its recommendation on PartyGaming PLC, the world's biggest online gaming company, to 'hold' from 'buy' on the back of today's news.At 3.50 pm, shares in BetonSports were 25 pence lower at 122, with PartyGaming down 4-3/4 at 104-1/4. Other stocks in the sector were also impacted with 888 Holdings PLC dropping 8 pence to 192 and Sportingbet PLC 42-1/4 pence lower at 282. matt.scuffham@afxnews.com msc//msc/slm Link to post Share on other sites
nutzbuster 7 Posted July 17, 2006 Share Posted July 17, 2006 Bastards!!!! Link to post Share on other sites
Mercury69 3 Posted July 17, 2006 Share Posted July 17, 2006 **** you, USA.When are they going to arrest Texas Dolly? Link to post Share on other sites
No_Neck 0 Posted July 17, 2006 Share Posted July 17, 2006 **** you, USA.When are they going to arrest Texas Dolly?I believe the SEC has beef with him. USA is sooo stupid I am moving to canada, or maybe setting up an oil rig off the coast and starting my own nation. Nonecktopia Link to post Share on other sites
mtdesmoines 3 Posted July 17, 2006 Share Posted July 17, 2006 I'm guessing there's more to the story than "US holds gambling site official." Link to post Share on other sites
checkymcfold 0 Posted July 17, 2006 Share Posted July 17, 2006 god, i'm going to start rethinking this move to chicago in september. Link to post Share on other sites
mx957 0 Posted July 17, 2006 Share Posted July 17, 2006 It's got to be something else. What has he done that's illegal is yet to be published and I don't think "Online Betting" will be the culprit. It just sounds to fishy. How did they know he was on the flight? Why were they looking for him?There has to be more to this. Link to post Share on other sites
hblask 1 Posted July 17, 2006 Share Posted July 17, 2006 NOW will everyone start voting for Libertarians? Link to post Share on other sites
The Czar 0 Posted July 17, 2006 Share Posted July 17, 2006 god, i'm going to start rethinking this move to chicago in september.Don't second guess moving to Chicago. Our politics are nowhere near the rest of the nations. We are ruled here by King Richard Daley and have no allegience to King George II. Plus, there are tons of hot women near North Avenue beach. Link to post Share on other sites
Big Mike Watters 0 Posted July 17, 2006 Share Posted July 17, 2006 We are ruled here by King Richard Daley and have no allegience to King George II. Plus, there are tons of hot women near North Avenue beach.nh sir Link to post Share on other sites
checkymcfold 0 Posted July 17, 2006 Share Posted July 17, 2006 Don't second guess moving to Chicago. Our politics are nowhere near the rest of the nations. We are ruled here by King Richard Daley and have no allegience to King George II. Plus, there are tons of hot women near North Avenue beach.fine, but only since i've signed a lease already.my type of woman, though, smokes cigarettes and drinks beer at the empty bottle or rainbo club. Link to post Share on other sites
mtdesmoines 3 Posted July 17, 2006 Share Posted July 17, 2006 god, i'm going to start rethinking this move to chicago in september.Good lord. Link to post Share on other sites
terradawg 0 Posted July 17, 2006 Share Posted July 17, 2006 downgraded from "hold" to "buy?" that would be an upgrade... Link to post Share on other sites
FourFlusher 0 Posted July 17, 2006 Share Posted July 17, 2006 I'm guessing there's more to the story than "US holds gambling site official."Maybe something to do with 34 pounds of cocaine hidden in the body cavities of 3 Asian hookers traveling with him? Link to post Share on other sites
checkymcfold 0 Posted July 17, 2006 Share Posted July 17, 2006 Good lord.you think i was serious? lol. Link to post Share on other sites
pong1092 0 Posted July 17, 2006 Share Posted July 17, 2006 Isn't it obvisous why he was detained. Online gambling supports terrorism everyone knows that. Instead of Costa Rica he is now headed to guantanamo. Link to post Share on other sites
Governator 54 Posted July 17, 2006 Share Posted July 17, 2006 Sniff Sniff... what's that smell? Well Johnny that'd be another waste of precious tax dollars gone down the American Pipe. Link to post Share on other sites
socalpoker_j 1 Posted July 17, 2006 Share Posted July 17, 2006 Come to California. Link to post Share on other sites
PCPinkoLiberal 0 Posted July 17, 2006 Share Posted July 17, 2006 Does Gary Kaplan = Gabe Kaplan? Are they related? I know Gabe plays poker. Not sure how invested he is in it. Link to post Share on other sites
keith crime 8 Posted July 18, 2006 Share Posted July 18, 2006 I used to work with the guys who started WSEXthe government went after them and one came back and went to jail the other is a fugitive in Antigua - it has nothing to do with whether using those sites is legal or you are going to be busted for using them - it has to do with running the site which is at this point totally verbotenUncle Sam wants a monopoly on his number running Link to post Share on other sites
schnoodle_C 0 Posted July 18, 2006 Share Posted July 18, 2006 Sorry for the dup post thread earlier.Here is a very good descriptive article in the NYTIMES:http://www.nytimes.com/2006/07/18/technology/18gamble.htmlIt really is looking bad... Link to post Share on other sites
checkymcfold 0 Posted July 18, 2006 Share Posted July 18, 2006 i just realized something--sometime yesterday or the day before, all betonbet poker accounts were blocked and i can't get a straight answer from support. (betonbet is the skin i use most often for ongame)does anyone know if betonbet is the same thing as betonsports? if so, i ****ing hope i didn't just lose a lot of money. Link to post Share on other sites
ryan2323 0 Posted July 18, 2006 Share Posted July 18, 2006 http://news.bbc.co.uk/2/hi/business/5189906.stmBBC article as well as a PDF file copy of the actual 27 page indictment. Enjoy the read...lol Link to post Share on other sites
delphi12 0 Posted July 18, 2006 Share Posted July 18, 2006 i just realized something--sometime yesterday or the day before, all betonbet poker accounts were blocked and i can't get a straight answer from support. (betonbet is the skin i use most often for ongame)does anyone know if betonbet is the same thing as betonsports? if so, i ****ing hope i didn't just lose a lot of money.Quote from NyTimes:Also at the hearing, the court granted the government’s request for a temporary restraining order preventing BetOnSports from accepting wagers from customers in the United States and requiring it to return money held in the accounts of American customers. I'm guessing though, that these scumbags will only give you back what you deposited, if you are ahead and say something like, "it was illegal for us to accept wagers from you - here is your reversal of your deposit." Get ready for it. Link to post Share on other sites
jooka 0 Posted July 18, 2006 Share Posted July 18, 2006 Im baffled as to why the guy was dumb enough to even come into the US, even if it was just to change planes. Taking bets through telephone wires has been illegal for quite some time, its not a new law. Link to post Share on other sites
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