More bad news for BetOnSports

The Eastern Caribbean Supreme Court in the High court of Justice in Antigua has ruled against the troubled gambling firm, BetOnSports, selling any of its assets.

The company has also been instructed to provide an account to the Financial Services Regulatory Commission detailing all of its assets. BetOnSports said that they would comply with the order as best as they could.

The ruling only effects the previous U.S facing operations, with its Asian brands continuing to trade normally, the company said.

Last month, BetOnSports agreed a settlement with the U.S Attorney’s Office which prevented them from accepting any bets from the U.S and agreed to refund customers money from their accounts.

The deal was struck by BetOnSports with the hope of preventing any future criminal charges being brought against the London-based company. Ex Chief Executive David Carruthers was arrested back in July for fraud and racketeering charges and is currently under house-arrest in St.Louis, Missouri.

Editor, - 2006-12-04 12:18:24

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