Tuesday, July 18, 2006

As reported by Bloomberg: "Betonsports Plc, a London-based Web gambling
company licensed in jurisdictions including Antigua, said Chief Executive
Officer David Carruthers was detained in the U.S. The shares dropped as much
as 24 percent. "The company is working to clarify the grounds on which the
CEO was held by federal authorities as he changed planes, a Regulatory News
Service statement released today shows. He was traveling to Costa Rica from
the U.K., said Betonsports, which gets most of its business from running a
book on sports including American football and also offers Internet casino
games and poker. ".The shares slid as much as 35 pence to 112 pence in
London and were down 12 percent at 130 pence at 2:31 p.m. local time.
Sportingbet, the Web bookmaker that owns Paradise Poker, declined 43.5
pence, or 13 percent, to 280.75 pence. PartyGaming Plc, the largest Internet
poker company, dropped 4.5 pence, or 4.1 percent, to 104.5 pence.
".Carruthers worked for about 25 years at bookmaker Ladbrokes before joining
Betonsports in June 2000. The company raised 54.6 million pounds in an
initial public offering in July 2004 and has expanded with acquisitions as
well as signups of new customers..."

Indictment