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Sportingbet is Out of the U.S. Market

The United States is not in a compromising mood for the past year – and certainly not where online casinos gambling is concerned. With the majority of the world gambling population, and other countries protesting the U.S.’s Unlawful Internet Gambling Enforcement Act, the U.S. has still failed to acknowledge the legitimacy of concerns that U.S. policy violates international trade agreements. The U.S. Trade Representatives have not only botched compensation negotiations with other countries (namely the EU), but the U.S. has arrested several high profile executives of companies that did not immediately exit the U.S. online casinos gambling industry.

Sportingbet is one of the companies that have encountered problems with the U.S. in the wake of the U.S. online casinos gambling ban. Louisiana has sealed arrest warrants out for an unknown number of internet gambling company executives that participated in the U.S. gambling industry. A board member at Sportingbet, Peter Dicks was nearly extradicted to Louisiana from New York to face online casino gambling and betting related charges.

Sportingbet and the New York governor’s office managed to come to agreeable terms with the Louisiana authorities – and Sportingbet was quick to sever all ties with the U.S. online casinos industry as a result of the run-in with the Louisiana State authorities. The company has restructured extensively in the wake of the exit from the U.S. online gambling industry.

The CEO at Sportingbet, Andrew McIver, commented on Sportingbet after the U.S. exit. He remarks, “Subsequent to our complete exit from the US market following the passing of the Unlawful Internet Gaming Enforcement Act in October 2006 we embarked on a significant restructuring of the business. This is now largely finished and with…two [new] appointments we complete the personnel changes we wished to make as part of that restructuring.” He also commented on performance expectations, "The restructuring and other initiatives we have undertaken since October 2006 provide the Group with a solid foundation from which to deliver future growth. Current trading is encouraging and we are confident we are on track to meet full year expectations."