Casino News: Sportingbet Chief Resigns After Release

Sportingbet Chief Resigns After Release

 September 17, 2006, 12:46 pm (12 years ago)
Sportingbet chairman Peter Dicks has resigned from his non executive post just minutes before a court hearing in New York City yesterday that permitted his release from custody. He was arrested last week at JFK airport.

After the ten minute hearing, Mr. Dicks was free from custody and is now allowed to fly back to his home in Britain on the condition that he returns to New York on September 28 for further hearing on his expatriation to Louisiana.

The office of Gov. George E. Pataki of New York had reserved a governor’s warrant requesting the transfer of Mr. Dicks to the state of Louisiana, to face charges of ‘gambling by computer’. In a brief statement issued yesterday Sportingbet confirmed that it had acknowledged Mr. Dicks’ immediate resignation with ‘great reluctance’.

Following the announcement, Sportingbet’s shares increased by twenty five percent to close at 192 pence ($3.60). Sportingbet said that Mr. Dicks had left to concentrate on personal matters and that a new autonomous non executive chairman would be selected in due course.

Mr. Dicks declined to comment. So do we!
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