Sportingbet takes hit after American exit

Paradise Poker firm Sportingbet today revealed first-quarter losses of £241.4m (€357.6m) after selling its US business for $1.

Sportingbet takes hit after American exit
Thu, 30 Nov, 2006 - 11:34

Paradise Poker firm Sportingbet today revealed first-quarter losses of £241.4m (€357.6m) after selling its US business for $1.

The firm took an exceptional charge of £252.4m (€374m) in first quarter figures, following the disposal of its US sports betting and casino operation just hours before President Bush approved a law banning internet cash gaming.

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CourtsBusinessHeathrowPlace: USPlace: UKPerson: presidentPerson: BushOrganisation: SportingbetOrganisation: Paradise PokerOrganisation: UK government
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