Online gambling firm Sportingbet has announced that the charges against its former chairman Peter Dicks, who was detained last September by US authorities , have been dropped.

In a statement, the company said that it 'has reached an amicable resolution with the St. Landry district attorney in the state of Louisiana' and that all warrants related to the case have been withdrawn.

Dicks' arrest in September was part of a crackdown on online gambling in the US, preceding the ban introduced by Congress in October.

Dicks resigned from his position at the company after the incident, and Sportingbet has since withdrawn its gambling operations from the US, selling its US division to Antigua-based Jazette Enterprises for just $1.

Peter Dicks was arrested in New York at the request of Louisiana, but fought moves to transfer him to Louisiana and was freed on September 29 to return to Britain.

Graham Charlton

Published 21 March, 2007 by Graham Charlton

Graham Charlton is the former Editor-in-Chief at Econsultancy. Follow him on Twitter or connect via Linkedin or Google+

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