Resignations Stoke Online Gaming Fears

27 September 2006

Newspaper

MSNBC
By Roger Blitz, Leisure Industries Correspondent
Updated: 11:10 p.m. ET Sept 25, 2006

A former US attorney who served under former US President George H.W. Bush resigned on Monday as chairman and director of an online gambling company, highlighting fears among executives in the sector that they face arrest by travelling to the US or other countries taking a tough line against gambling.

World Gaming, an Aim-listed company whose operations are almost entirely US-facing, announced the resignation of James Grossman, along with that of Clare Roberts, a fellow non-executive director, after a board meeting of the company, which has offices in Antigua, London and Vancouver.

MORE – THE COMPLETE ARTICLE CAN BE READ AT MSNBC

Related News

  • 01 August 2006

    NOT GUILTY PLEAS ENTERED FOR BETONSPORTS CEO

    bellevillenewsdemocrate.com JEFF DOUGLAS Associated Press ST. LOUIS – The former chief executive of one of the world’s largest online gambling companies, BetOnSports, will remain in federal custody after pleading not guilty Monday to charges of mail and wire fraud and racketeering. David Carruthers, 48, was one of several BetOnSports PLC employees and associates named in a federal 22-count indictment who pleaded not guilty.

    Read full article
  • 19 September 2006

    PUBLIC VS PRIVATE IN ONLINE GAMBLING CLASH

    INT’L HERALD TRIBUNE By Eric Pfanner International Herald Tribune Published: September 18, 2006 LONDON The detention of the heads of an Austrian online gambling company by French authorities has raised the stakes in a Europe-wide battle between lucrative state-sponsored betting monopolies and their upstart rivals on the Internet, raising eyebrows at the European Commission in Brussels.

    Read full article
  • 30 April 2007

    888 Holdings Posts Profits Up 55%

    MarketWatch reports that 888 Holdings, an online gambling company in the UK, reported on Monday a 55% rise in profit. 888 Holdings credits the rise to its efforts toward their search for acquisition opportunities to offset the forced closure of its U.S. business. Chief Executive Gigi Levy told MarketWatch in an interview that the firm is looking at acquisitions and opportunities for organic growth after the introduction of the U.S.

    Read full article