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Sportingbet reaches $33m settlement with U.S. DoJ

21st September 2010 7:58 am GMT

Sportingbet plc has concluded a non-prosecution agreement with the United States Department of Justice, agreeing to forfeit US$33m in settlement of its illegal gambling activities in the United States.

"This settlement enables Sportingbet to draw a line under events of the past. It is in the best interests of our shareholders and we can now look to the future with increased confidence,” said Sportingbet CEO Andrew McIver.

“The process has been complex and has taken a considerable [...]

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