Sports Gambling site bust

[2Tone]

The political enemies angle on this is disturbing.



LONDON, July 18 (Reuters) - Fears of a crackdown on online gambling in the United States knocked another 600 million pounds off UK gaming stocks on Tuesday after the FBI moved to shut down the U.S. operations of BETonSPORTS.

Gambling executives in the $12 billion industry were also assessing their personal exposure after BETonSPORTS (BSS.L: Quote, Profile, Research) said it had been unable to contact Chief Executive David Carruthers, who was detained on Monday and is being held in Fort Worth, Texas.

A U.S. indictment seen by Reuters laid out criminal charges against a number of individuals including Carruthers, who had spearheaded a campaign to defeat a Republican-written bill to crack down on online gambling, and BETonSPORTS founder Gary Kaplan.

[Penguinfan]

This is bad for the on-line player, very bad, and goes MUCH deeper than you will read in the papers, at least for now.

[Talking Poker]

Whoa.

[Dodoubled]

Hmmm ... I have a poker account there that I've never used. As is, the web site is suspended.

[Talking Poker]

Now that's interesting... because when I checked this site yesterday, when the news got out, it was still up and running.

Today:



I hope everyone got their money out.

[Penguinfan]

Exactly what I was fraid of, damn this is bad.