SportingBet Plc. Shares Trading at 2-Year Low in London
On the London Stock Exchange today, shares of Sportingbet Plc. resumed trading, but slumped more than 40% as investors pulled-out because of the recent troubles with Peter Dicks. The shares of Sporting Bet Plc. are at a two-year low right now in mid-morning London trading.
According to our sources, Peter Dicks was granted bail of $50,000, but would require him to give up his passport and remain in New York until his trial.
If you havn't heard, Peter Dicks was arrested last week at JFK airport by Port Authority police on a warrant issued by the Louisiana state police.
He will attend a further hearing this week to consider his transfer to the state of Louisiana, where he is accused of breaking state laws that forbid Internet gambling.
Sporting Bet Plc. is one of the largest publicly traded online casino gambling companies in the world. They host several of the best online casinos such as Sportsbook.com and Paradise Poker.