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Bodog Boss Ayre Steers Clear of U.S.

26 Jul 2006

COSTA RICA AND VANCOUVER, BC -- As reported by the Globe and Mail: "Ever since Calvin Ayre landed on the cover of Forbes magazine's annual billionaires issue, people have been assailing him with one question: Why isn't he taking advantage of the growing thirst for gambling stocks with an initial public offering of his company, Bodog Entertainment Group?

"Last week, they got their answer. A British gambling executive was handcuffed at a Dallas airport by U.S. authorities after a routine stopover, in part because his company accepts bets from Americans.

"... 'I (Ayre) said a long time ago, if the U.S. Justice Department wanted to make a statement, they would go after a British guy. You're not going to crash my stock by grabbing me.'

"Just to be safe, though, Mr. Ayre, like other executives in his line of work, is not planning a U.S. vacation any time soon.

"...'I would be shocked if any senior executive of any gaming company would go into the United States right now -- I don't imagine too many people are going to be changing planes [there],' said Mr. Ayre, a native of Saskatchewan who now makes his home in Costa Rica..."

"...The problem for Mr. Ayre, and indeed, for gambling investors, is determining whether the U.S. government is taking aim at the entire offshore gambling industry, or merely one company..."

 
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