Betting website chief’s arrest deals sites’ stock bad hand

THE chairman of British-based sports betting business Sportingbet was detained by authorities in the US yesterday sending shares in other gambling sites plunging.

Shares in Sportingbet were suspended after Peter Dicks, 64, was held while visiting the US. A court hearing is due today.

The move comes weeks after BetonSports chief executive David Carruthers was arrested at Dallas Airport en route to his company’s offices in Costa Rica.