SPORTING BET DROPS US PLAYERS AS WELL AS PLANNED MERGER
02 October 2006
LONDON, Oct 2 (Reuters) – Online gaming group Sportingbet Plc (SBT.L: Quote, Profile, Research) said on Monday it would scrap a planned merger and might stop doing business with U.S. customers after legislation was passed there aimed at preventing gambling over the Internet.
“Should Sportingbet’s non-U.S. international banking partners determine that the act applied to them, then Sportingbet would no longer be able to take deposits from U.S. residents and this would have a material impact on the company’s trading performance,” it said in a statement.
“The boards of Sportingbet Plc and World Gaming Plc have discontinued any discussions with regard to a potential offer by Sportingbet for World Gaming,” the two groups added.
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