Sportsline.com to sell off gambling interests
By Paul
SportsLine.com, a business partner of the NCAA, will sell its gambling interests by August as part of a previously announced agreement.

The issue arose Thursday after the University of Washington fired football coach Rick Neuheisel for participation in a high-stakes pool on the NCAA men's basketball tournament.

But SportsLine.com still owned Vegas Insider, a Web site with gambling information and links to offshore bookmakers, and Las Vegas Sports Consultants, a major supplier of gambling lines to casinos and media.

In February, as part of an agreement that made SportsLine the producer of the NCAA's official Web site, the company agreed to sell its gambling interests. At the time, Sportsline CEO Michael Levy said it would be done “within the next few months.”

The broadcaster CBS has a minority stake in SportsLine, a publicly-traded company. Because CBS has an 11-year, $6 billion contract to televise the men's basketball tournament, the NCAA was accused of hypocrisy for its outspoken stance against gambling.

 
 
 
 
 
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