Sportingbet Receives Bids For US trade
By Andrew B
Sportingbet has revealed that it has received bids for its operations in the United States and is racing to sign a deal before President Bush signs off a ban on internet gaming.

In the absence of a sale, the company will close its US-facing websites as soon as the President approves the Bill.

Rivals, including PartyGaming and 888, have already announced plans to stop taking bets from American punters.

Almost two thirds of Sportingbet's business is derived from America. In the present situation any sale is unlikely to raise a significant cash value, but would save on redundancy costs. About 300 jobs are at risk in London, Australia, Asia, Costa Rica and Antigua.

The suitors are understood to be private companies in offshore locations, including the British Virgin Islands.

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