Online Gambling Duo in Double Departure - 02-05-07
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February 5 - The directors of the company Sportingbet have surprisingly quit the extremely profitable online gambling company. The company is reported to have a gross profit of 31.7 million Pounds Sterling within the 3 months previous to October 2006.
There are rumors that the directors have left to pursue alternative business projects.
Chief Executive Andrew McIver stated that as the company continues to drive further efficiencies from its business there has been an agreement to reduce the boards' size.
Following the introduction of the U.S. Unlawful Internet Gambling Enforcement act, Sportingbet is one of the online gambling companies to suffer substantial losses.
