The chairman of online bookie Sportingbet continued to be held in the United States today after his arrest under laws covering “gambling by computer”.

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

The London market dived deep into the red today after gambling stocks were rocked for the second time in two months.

Gambling stocks were rocked for the second time in two months today.

The chairman of UK-based sports betting business Sportingbet was detained by authorities in the United States early today.

Party Poker owner PartyGaming said today revenues outside America had increased 151% as it continued to reduce its dependence on the US gambling market.

Shares in British Airways and cruise firm Carnival made headway today as concerns eased over the long-term effects on travel demand from the recent terror scare.

US government lawyers say they will continue prosecuting BetOnSports, even though the British-based internet gambling company is shutting down its operations that take bets from American customers.

The London market finished just below its opening mark today following a mixed session for leading shares as fears of an imminent interest rate rise across the Atlantic loomed again.

Shares in British Airways rose 2% today as airline services showed signs of returning to normal following Thursday’s terror alert.

Online gaming company BetonSports today said it had pulled the plug on the operations at the centre of racketeering charges in the United States.

London’s leading shares plunged into the red today after struggling to hold onto early gains as US inflationary pressures continued to dog the market.

Mining stocks helped the FTSE 100 Index return to positive territory during another busy session for corporate news today.

The gaming executive being held in the United States on racketeering charges was removed as chief executive and director of his company today.

Investors received a shot in the arm today after the FTSE 100 Index followed the lead of US markets to rise by more than 100 points.

Strong performances from Vodafone and gambling stocks helped the London markets move ahead today.

The chief executive of BetOnSports PLC, a major online sports-betting operation, remained in custody today on racketeering and conspiracy charges after his lawyer asked to postpone a bail hearing.

In light of racketeering charges against the chief executive of BetonSports it should come as little surprise that key players in the online gaming industry were feeling edgy about their whereabouts this week.

Outsourcing group Capita added more than £250 million to its market value today after strong half-year results lifted its share price by 9%.

London’s index of leading shares leapt almost 100 points today as the market made its first gains of the week on the back of reassuring comments from the head of the US Federal Reserve.

A UK company hit by racketeering charges in the United States said today it had met demands to stop taking bets from its US-facing website.

Canadian billionaire Calvin Ayre, founder and CEO of Internet casino Bodog.com, said yesterday that the arrest of a US online gambling executive would not threaten his industry and that his business will operate as usual.

Confidence in gaming shares was rocked today by charges laid against the operator BetonSports and its chief executive David Carruthers.

A crackdown by the US authorities on internet gambling sent a shudder through shares in the sector today.

Shares in London drifted into the red today despite enthusiasm over a potential £1 billion takeover battle in the housebuilding sector.