Sportingbet\’s share price was down 40 per cent in the first day of trading following last week\’s suspension when Non-Executive Chairman Peter Dicks was arrested in the US. The Louisiana State Police said that Dicks was being charged with violating state gaming laws in connection with his role at Sportingbet.
“The board believes that Dicks intends to vigorously contest this request. The group is closely monitoring the situation and continues to operate as normal,” Sportingbet said in a statement to the London Stock Exchange.
In separate news, Global Betbrokers, the world\’s first brokerage that places bets on behalf of customers using a number of telephone and online bookmakers to find the best odds, said it will go ahead with the planned listing on the LSE.
“We\’re not at that point where we\’ve done so much work that we can\’t pull out, but we\’re planning to go ahead in any case. The sector may have been hit, but this business has no US exposure so there\’s no reason why it should be affected,” said a source close to the company.
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