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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Betonsports | LSE:BSS | London | Ordinary Share | GB00B01CDB60 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 265.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 265.00 | GBX |
Betonsports (BSS) Share Charts1 Year Betonsports Chart |
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1 Month Betonsports Chart |
Intraday Betonsports Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 04/11/2009 | 09:27 | one of only two listed direct plays on online gaming | 395 |
| 18/7/2006 | 16:12 | BSS - A criminal enterprise? | 12 |
| 19/4/2006 | 11:44 | BSS with Charts & News | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 03/11/2009 20:37 by ed winchester BetOnSports.com founder gets 4-plus yearsNov 02, Technology/Internet -------------------- (AP) -- The founder of the online gambling site BetOnSports.com was sentenced Monday to more than four years in prison, ending a lengthy investigation and prosecution into one of the world's largest offshore sports gambling companies. Gary Kaplan, 50, must also forfeit $43.6 million in illegally obtained revenue as part of a plea agreement. Prosecutors have said that amounts to more than half of Kaplan's total worth. Kaplan pleaded guilty in August to racketeering conspiracy, violating the Wire Wager Act and conspiring to violate it. Prosecutors had been investigating offshore sports gambling since 1997, and BetOnSports since 2001. Kaplan, sentenced to four years and three months, could end up spending another year behind bars. He has been jailed for two years and seven months since his March 2007 arrest in Puerto Rico. U.S. District Judge Carol Jackson said it will be up to the Bureau of Prisons to determine if he is given credit for time served. Attorneys in the case noted that federal rules call for him serving 85 percent of the 51-month sentence, minus whatever credit he may be given for time served. Online gaming is illegal in the U.S., and in 2006, a federal grand jury indicted Kaplan, his company and several associates. Three other former executives, including two of Kaplan's siblings, have pleaded guilty and will be sentenced Tuesday. A fourth will be sentenced later. Kaplan, a high-school dropout who started out as a New York bookie, founded the offshore betting company in 1995, setting up entities in Aruba, Antigua and eventually Costa Rica. The firm solicited U.S. citizens to place sports wagers by phone and over the Internet directly from their accounts. In his guilty plea in August, Kaplan said BetOnSports had 1 million registered customers and accepted more than 10 million sports bets worth more than $1 billion in 2004 alone. His company, by then based in Costa Rica, employed 1,700 people. Kaplan took BetOnSports public on the London Stock Exchange's Alternative Investment Market in 2004, which netted him more than $100 million that was deposited in Swiss bank accounts. For the next two years, he served as a BetOnSports consultant. Prosecutors said the company falsely advertised that its gambling operations were legal, and misled gamblers into believing that money transferred to BetOnSports was safe and available to withdraw at any time. Instead, investigators said, the money was used to expand operations, including purchase of a rival betting firm. When BetOnSports ceased operation in 2006, customers lost more than $16 million. Kaplan told Jackson in August that he initially believed that adhering to the laws in Aruba, Antigua, Costa Rica, the Dominican Republic and the United Kingdom kept him in good stead with U.S. laws. But he said he became aware as early as 2000 that such dealings violated U.S. law, and got confirmation in a legal opinion in 2002. Yet, he kept operating. Kaplan apologized to the judge Monday for the "pain and embarrassment" he caused to his family, and said he'd "paid a monumental price for poor decisions." His attorneys said that Kaplan, from his jail cell, has made six-figure contributions to St. Louis-area charities in recent months. Jackson said while recognizing Kaplan's generosity, she was "a little put off" by letters she's received from those charities on his behalf. "When I make a charitable contribution, I don't expect credit," she said. "I hope you will continue to support worthy charitable organizations even when it doesn't further any personal interest you may have." The case could have been filed anywhere in the U.S., but the Eastern District of Missouri's former U.S. Attorney, Catherine Hanaway, was aggressive in going after online gambling operations. ©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. |
Posted at 18/8/2006 21:40 by cornelious billy bee frame the share certificate alongside your enron and Bre-x ones |
Posted at 18/7/2006 14:46 by shaunoneill guys I have to say i have a gambling magazine and a lot of client have pulled out because of this, this company will reopen but it will be worthless i think the us market for BSS is about 70% of there business, there only option would be to hit Europe in a big way, good luck to you all. |
Posted at 18/7/2006 12:45 by wiganer Here's the indictment in full. Having read that lot I can see no possibility of BSS ever coming out of suspension. |
Posted at 17/7/2006 23:20 by chef It looks like the allegations are that the company originated in the USA and as a result should have paid US taxes on its profits and they then moved everything out of the country etc.SBT, PRTY, etc have not done anything as such and are UK incorporated companies this looks even more a pure BSS issue especially when you note the telephone companies have been issued orders only against BSS who started in the US and allegedly paid no taxes and then moved equipment around before going offshore |
Posted at 17/7/2006 22:58 by chef because this is specific to BSS and looks like not something new against the company founder |
Posted at 17/7/2006 16:14 by moogies ONLINE GAMBLING EXEC DETAINED IN U.S.A.BetOnSports chief delayed in transit The week's news was off to a flying start Monday as reports appeared in the Telegraph that the high profile CEO of BetonSports, David Carruthers had been detained by US federal officials whilst in transit through the States on his way to Costa Rica. Carruthers is a British citizen and was travelling from the UK with his wife at the time. A statement from the company released to the London Stock Exchange said it was "seeking clarification as to the basis of the detention" and a further announcement would be made when appropriate. The statement emphasised that the business continues to trade normally and that the Antigua-licenced gaming activities serviced in Costa Rica and Kuala Lumpur are operating as usual. Shares in the i-gaming sector reacted negatively as the news hit the markets on Monday morning, with BetonSports suffering a drop at one point of over 20 percent. Sportingbet also fell over 10 percent while PartyGaming saw its share price fall 7.5 percent. Analysts were at a loss to explain the developments. One suggested it was strange such a move should be made before any further legislation should have been made law. Another suggested the US Department of Justice might have a "beef" with BetonSports for "lots of reasons; telephone betting, advertising, the founder." Carruthers has been a high-profile and outspoken proponent of the regulation of online gambling in the USA rather than prohibition, and was recently quoted as being confident that current moves to ban the industry would fail once the proposals reached the Senate. BetOnSports is based offshore to prevent it from violating US gambling laws, though it does take bets from US citizens. Last week the US House of Representatives passed HR 4411, the Internet Gambling Prohibition Act. The bill proposes a further crackdown on internet gambling, and has now been passed to the Senate. To become law, it must be passed by the Senate, where a backlog of legislation means it may never be debated. |
Posted at 05/6/2006 16:06 by bomfin Happily holding and looking for a possible double in share price before year end. imho dyor |
Posted at 16/5/2006 16:58 by woozle1 Totally agree. This has great upside. The company has very little poker and casino revenue, and the cross sell from sports into poker and casino is very strong once there is shared purse technology. I can't believe that BSS have not checked out the impact on cross sell for Betcorp. If BSS can't put in the the technology, then I am sure that someone else will do it for them.W |
Posted at 19/4/2006 11:38 by woozle1 Nissii agree with you. what the market has yet to appreciate is how strong the cross sell has been from sports into casino and poker. You should check out Betcorp that recently shifted its listing from Australia and that is in process of being turned around. the two thing that stand out are: (i) how quickly these businesses get turned around and (ii) the strength of the cross sell. Currently 15% of their sports book play poker and that is rising; and 20% of sports play casino. In BSS case the numbers are low single digit, so the scope to growth from casino and poker revenue for BSS is huge and that is before you factor in a turnaround in the sports book. I don't like LNG as its more financial engineering than business; where as SBT and BSS are pure businesses. Your are right about SBT having a better share in casino and oker but there in lies the opportunity for BSS and why it is looks so compelling. If they can even achieve small amount fo what BCL and SBT have achieved in cross selling poker and casino, the shares are substantially undervalued. W |
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