BetOnSports: Antigua court rules against asset disposal

[Announcer]

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.

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Source: EGamingPulse
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