Monday, August 14, 2006
Sad news for Antigua in its bitter battle against the US for its anti gaming laws: BetOnSports, the multibillion-dollar internet gaming group has been forced to cease its operations in Antigua and Costa Rica.The United States District Court for the Eastern District of Missouri recently issued a restraining order on the London listed group, preventing it from taking bets from US citizens.
Shares for BetOnSports are currently suspended on the London Stock Exchange and the group has announced that it will pay liabilities to staff and creditors and repay the balances owed to US customers. This highlights the US efforts to enforce a ban on internet gambling, despite the fact that gaming websites come from non US territories.. BetonSports said in a statement that its directors are "taking steps to ensure that the company will not knowingly accept any wagering transactions from US based customers. This shut down is a blow to Antigua which relies on gaming as a source of foreign exchange.