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Under a settlement entered Thursday by a federal judge in St. Louis, the company must also return all wagers received from U.S. customers as of July 17, 2006, to the appropriate account holders and set up a toll-free telephone hotline that gives U.S. members instructions on how to obtain their refunds.
The court instructed BetOnSports to cancel its U.S. trademarks to the name Betonsports.com, among others, and to cease advertising its properties inside the United States. The company must also place prominent markers on its sites to alert potential gamblers that "it is a violation of U.S. law to transmit sports wagers or betting information" on international telephone lines. In addition, it must take out a full-page ad broadcasting a similar statement in a U.S. newspaper with national circulation.
Company representatives were not immediately available for comment on Friday, but a representative told the Associated Press in a statement that BetOnSports was not admitting wrongdoing by agreeing to the settlement.
BetOnSports has already opted to shut off its "U.S. facing operations" based in Antigua and Costa Rica and to repay its American customers' account balances "in a timely manner," according to a notice posted on its Web site. Between 2002 and 2004, the company, which is listed on the London Stock Exchange, took in wagers amounting to nearly $4 billion, 98 percent of which came from U.S.-based gamblers, according to court documents.
The civil settlement, however, does not end the once-prosperous gambling company's legal woes.
Criminal racketeering charges have been filed against the company and 11 of its employees, including founder Gary Kaplan and former Chief Executive Officer David Carruthers. Scottish-born Carruthers, who was arrested in July, pleaded not guilty. As part of the conditions of his bond, Carruthers remains under house arrest in a hotel outside St. Louis. Kaplan is a fugitive.
Combating the Internet gambling industry, which rakes in an estimated $12 billion annually, proved high on the Bush administration's agenda this year. A controversial measure that criminalizes transferring funds related to most forms of Internet gambling received President Bush's signature in October, albeit in a seemingly unlikely place: a massive port security bill.
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officials all over the world.
Why have so many people forgotten that the purpose of
government, according to the Declaration of Independence on
which the united States of America is founded, is to secure the
Free Exercise of each individual's God-given Rights?
Where do U.S. and British officials come off preventing
individuals who choose to do so from gambling online?
I am not a gambler, but I stand in defense of each individual's
rights to make choices about his or her life, even "bad" choices.
I left America because it has become more like Nazi Germany
than the Founders' vision of freedom.
Government should never be allowed to dictate what individuals
can and cannot do with their own property, so long as those
same individuals do no damage to another's life, liberty or
property in the process.
This will be appealed as anti competitive and because it is self serving, dishonest and a crock.
www.hacksawhemingway.com
- Trademark
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by perfectblue97
November 11, 2006 5:00 AM PST
- Whatever you think about the rest of it, forcing a company to cancel its trademarks goes above and beyond.
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Reply to this comment
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(12 Comments)So much for the great free market.