Antigua Court Rules against BetOnSports
By James Mc
Online gaming firm BetOnSports has said that the Eastern Caribbean Supreme Court in the High Court of Justice in Antigua has ruled against BetOnSports (BOS) (Antigua) Ltd disposing of any of its assets. It has also ordered the company to provide an account to the Financial Services Regulatory Commission of all of its assets.

The order is in relation to the predominantly US-facing brands owned by BOS Antigua, whilst its Asian-facing brands will continue to trade as normal. BetOnSports confirmed that it intends to comply with the order, “so far as it is able.”

Earlier in November, a US federal prosecutor reached a settlement that permanently barred the London-based company from accepting any bets from the United States. The firm also said that it was negotiating with the US Department of Justice to eliminate criminal charges against the company and that it was planning for its Antiguan unit to pay customers on money recovered as it closed its Costa Rican and Antiguan operations.

The firm's former chief executive David Carruthers remains under house arrest in St Louis, Missouri, facing counts of fraud and racketeering charges. His case is scheduled to go to trial in the New Year.

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