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Old 10-13-2006, 02:34 AM  
dunefield
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Join Date: Feb 2003
Location: Melbourne, Australia
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Sportingbet sells US arm for $1

Online gaming firm Sportingbet has sold most of its US business for $1 (53p) hours before a law is passed outlawing internet gambling in North America.

The firm has sold its US sports betting and casino businesses to Jazette Enterprises for the nominal sum.

On Friday, President Bush is due to sign into law an act making it a crime to accept proceeds from online gaming.

Sportingbet has been reviewing its US business since its former chairman Peter Dix was arrested in September.

http://news.bbc.co.uk/2/hi/business/6046674.stm
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