LONDON (AFX) - Online gambling firm BetOnSports said that the Eastern
Caribbean Supreme Court in the High Court of Justice in Antigua had ruled
against BOS (Antigua) Ltd disposing of any of its assets and had ordered it to
provide an account to the Financial Services Regulatory Commission of all of its
assets.
BetOnSports said that it intends to comply with the order, "so far as it is
able".
The order affects the mainly US-facing brands owned by BOS Antigua. The
Asian-facing brands continue to trade normally, said the firm.
Last month, a US federal prosecutor reached a settlement that permanently
barred the London-based company from accepting any bets from the United States.
The firm also said it was negotiating with the US Department of Justice to
eliminate criminal charges against the company and that it was planning for its
Antiguan unit to pay customers on money recovered as it closed its Costa Rican
and Antiguan operations.
The firm's ex-chief executive David Carruthers is under house arrest in St
Louis, Missouri, facing counts of fraud and racketeering charges. His case is
scheduled to go to trial early next year.
newsdesk@afxnews.com
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