Forget Jailing Online Gamblers; How About Jailing Online Gambling Execs?
from the whoops dept
Last week, when the House of Representatives tried to clarify online gambling laws to make it clear that poker was bad and deserved jailtime, but horse racing and lotteries were good, the various online casinos laughed it off, with BetOnSports CEO, David Carruthers, particularly dismissive of the bill in the press, noting: "We continue to believe that the likelihood of the bill passing the Senate is remote." Investors agreed, pushing the stock of many online gambling sites up, as investors laughed their way to the bank. Who's laughing now, however? Authorities apparently detained Carruthers at a US airport during a stopover on his flight from the UK back to his home base in Costa Rica today. Investors aren't quite as happy, with the stock price of many online gambling sites dropping on the news.