Second Online Exec Arrested

7 Sep 2006

NEW YORK – As reported by Reuters: "The United States has arrested a second Internet gaming executive, adding to fears it is cracking down on the lucrative industry and sparking share price falls on Thursday that wiped over $1.5 billion off the market value of the sector.

"Online bookmaker Sportingbet Plc said its chairman, Peter Dicks, had been detained by U.S. authorities, mirroring the detention in July of another online gaming CEO on racketeering charges.

"Dicks was arrested on Internet gambling charges as part of an ongoing investigation into Sportingbet.com, said Senior Trooper Dwight Robinette of the Louisiana State Police.

"…Shares across the $12 billion-a-year industry fell sharply, with industry leader PartyGaming plunging as much as 19 percent before closing 9.8 percent lower at 105-3/4 pence. 888 Holdings Plc dropped 15.8 percent…"

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	Second Online Exec Arrested 7 Sep 2006 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> NEW YORK – As reported by Reuters: "The United States has arrested a second Internet gaming executive, adding to fears it is cracking down on the lucrative industry and sparking share price falls on Thursday that wiped over $1.5 billion off the market value of the sector. "Online bookmaker Sportingbet Plc said its chairman, Peter Dicks, had been detained by U.S. authorities, mirroring the detention in July of another online gaming CEO on racketeering charges. "Dicks was arrested on Internet gambling charges as part of an ongoing investigation into Sportingbet.com, said Senior Trooper Dwight Robinette of the Louisiana State Police. "…Shares across the $12 billion-a-year industry fell sharply, with industry leader PartyGaming plunging as much as 19 percent before closing 9.8 percent lower at 105-3/4 pence. 888 Holdings Plc dropped 15.8 percent…"