Here's what's up with Peter Dicks (not as dirty as it sounds)

[Vallerius]

Here's an article I wrote about the arrest of Sportingbet's chairman Peter Dicks before I left the office today. I'll keep updating as new info becomes available.

http://www.rgtonline.com/Article.cfm...egoryName=News

TIt goes without saying this is a bad thing for the industry. Bad press and associations with illegality. And a very bad next few weeks for Peter Dicks, who was not even an executive of the company but was only a chairman. Probably a good upstanding gentleman too. The company he advises supplies the public with games that there is an obviously huge demand for. His country's government takes a more reasonable approach than the land of the free's government though, and he should have known that Sportingbet's massive operations in Costa Rica mean he shouldn't holiday in USA.

Besides Sportingbet's and BetonSports' headaches, I think other implications on the industry in general are more turbulent share prices in London-- many investors sell, fearing the worst, (but still a few others buy, thinking the panic is overexagerated and will fetch them better deals). And anybody involved high-up in online gambling operations must understand that there is a chance their name is flagged for an investigation. But, legally, the situation remains the same. As long as the accused stay outside USA there remains nothing the American government can do to apprehend them or make them cease and desist.

Ah, but then again if that damn prohibition bill passes there will of course be some big problems for everybody. Yet it does still seem that reason should prevail on that front. But these are no doubt hairy times. The only real remedy is a regulatory bill, but that's going to take years. At least two years will be needed for a research study; then at least another two would be needed to pass legislation, followed by another two to bring it into force. This kind of seems like an optistic timeframe to me though. But really, it should be possible to create a really sophisticated regulatory framework with high standards and strong consumer protections. The Brits are already a few years ahead of us, we could mimic their model where it looks effective and tweak it where it looks weak.

But yikes I haven't seen a lot of big government projects turn out well in the last few years.

[diceman]

On a lighter (unpolitical correct) prospective on things..... Never said I wouldent be hahaha.

The guys name is "PETER DICKS". Honestly how ****** up is that?
His parents must have a morbid sense on humor thats all I am saying.

[Dominique]

Thank you Bradley, I totally agree.