Upcoming CEO Says It Plans to Expand U.S. Operations
The arrest of Sportingbet’s CEO early this month won’t stop the online sportsbook and poker room from doing business with customers based in the United States.

Andrew McIver, the man tapped to become the company’s new CEO next month, told the London Financial Times that he will not only continue doing business in the States, but the company will expand business operations here.

Former Sportingbet Chairman Peter Dicks resigned after he was arrested at JFK airport earlier this month, but a federal judge refused the United States government’s request to hold him here.

That wasn’t the case for David Carruthers. The CEO of BETonSPORTS was arrested in a Texas airport late this summer, extradited to St. Louis, and is about to face trail for racketeering and fraud, and the company’s lawyers have asked to negotiate a settlement. Carruthers remains in house arrest in his St. Louis hotel room.

BETonSPORTS stopped doing business with U.S.-based customers shortly after Carruthers’ arrest in August.

The arrest of both men has sent waves of doubt through the investor community. As soon as news of Dicks’ arrest came out, Sportingbet froze trading in its stocks on the London Stack Exchange. But when trading continued a few days later, the company lost approximately 40 percent of its value. But since the plummet, the stock price has slowly risen to 181.5 pence. The stock fell all the way to 144 pence from 239 after his arrest.