News

Sportingbet chairman lifts stake by more than half

27 March 2008 16:02:00

Sportingbet's chairman Peter Dicks lifted his stake in the in the online gaming company by more than half today, spending nearly £50,000 on shares.

He took 119,000 shares at 38.5p each, taking his holding to 339,440 shares.

Sportingbet said earlier this month that it had moved back into profit after being hit by the online gaming ban in the US that effectively wiped out 75% of its business.

Dicks rejoined the board as chairman in February having resigned in September 2006 after being arrested in New York. Customs officials had seen his name on an arrest warrant from the state of Louisiana.

The charges, which related to the ban on online gambling, were dropped in March 2007. He had initially become the company's chairman in January 2000.

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