SportingbetChairman Peter Dicks Jailed in New York

[MissKatties]

Sportingbet Chairman Peter Dicks Jailed in New York

Sept. 8 (Bloomberg) -- Sportingbet Plc Chairman Peter Dicks was jailed last night in New York as he fought extradition to Louisiana on criminal charges of illegal Internet gambling.

Dicks, 64, was arrested just before midnight Sept. 6 at John F. Kennedy International Airport in New York. Dicks is being held on a warrant filed in May in Louisiana as part of an investigation of illegal gambling, said Dwight Robinette, a spokesman for the Louisiana State Police.

Shares of online betting companies fell yesterday after Sportingbet said Dicks had been detained in New York. Sportingbet is the second foreign company to be caught in a government crackdown in the U.S. on illegal online gambling. U.S. officials say online betting sites may launder money and sell online board, and lack safeguards to screen out minors and gambling addicts.

bloomberg.com