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Author Topic: Paradise poker chairman detained in U.S.  (Read 2636 times)
The Rivercard
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« on: September 07, 2006, 02:22:29 PM »

Sportingbet chairman detained

Sportingbet today announced that chairman Peter Dicks, 64, has been detained by U.S. authorities and a hearing is scheduled for later today. In a statement issued by the London-based online gaming company, which owns Paradise Poker, the Board has sought immediate temporary suspension of Sportingbet's shares pending clarification of the situation.

Gaming shares plummet in wake of arrest

Shares in the major online gaming companies have all plummeted after the announcement of Dicks' arrest. PartyGaming shares fell 12 per cent, to 103.75p; 888 dropped 15 pre cent, to 143.50p with Leisure & Gaming down 33 per cent to 73.50p.


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TightEnd
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« Reply #1 on: September 07, 2006, 02:24:56 PM »

Sportingbet owns Paradise Poker but is original and still other division is sports books/betting


This could therefore be a similar case to BetOnSports which was sports betting not poker related
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The Rivercard
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« Reply #2 on: September 07, 2006, 02:29:01 PM »

Sportingbet owns Paradise Poker but is original and still other division is sports books/betting


This could therefore be a similar case to BetOnSports which was sports betting not poker related


I think you are right.....they are not as interested in poker but it always seems to suffer as a result of these cases. There are a lot of upset BOS punters!!
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Sheriff Fatman
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« Reply #3 on: September 07, 2006, 02:29:13 PM »

Wonder if they said "Welcome to the land of the free" when he landed in the US.

Always makes me laugh when I hear this, given their determination to stop anyone playing online poker over there.

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« Reply #4 on: September 07, 2006, 02:33:55 PM »

Was tony bloom the founder of sportingbet or am i mistaken?
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AlunB
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« Reply #5 on: September 07, 2006, 02:55:55 PM »

Mark Blandford was the founder.

Tony Bloom founded and then sold Premierbet
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ACE2M
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« Reply #6 on: September 07, 2006, 02:57:36 PM »

Mark Blandford was the founder.

Tony Bloom founded and then sold Premierbet

knew it was something like that
« Last Edit: September 07, 2006, 03:00:07 PM by ACE2M » Logged
TightEnd
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« Reply #7 on: September 07, 2006, 02:59:11 PM »

Mark Blandford is a very nice guy and a very good poker player too. I beleive tikay knows him well via his relationship with sportingodds
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tikay
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« Reply #8 on: September 07, 2006, 04:45:28 PM »

By coincidence (I hope!) I had a meeting with Sporting Odds in London at 6pm last night, & we discussed the way they are re-positioning certain things poker-wise. Big company, & their Sports Book is sizeable.
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« Reply #9 on: September 07, 2006, 04:50:19 PM »

to be honest if I had enough money to buy shares I would be piling all my money on these companies- they will recover- poker is still huge business and its still not going to change
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The Rivercard
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« Reply #10 on: September 07, 2006, 04:57:42 PM »

to be honest if I had enough money to buy shares I would be piling all my money on these companies- they will recover- poker is still huge business and its still not going to change

this is a consolodating industry...but until the USA decides which way it is going to go with on line gaming it is a very risky investment. I agree there is huge growth to come, but there will also be many failures. Be carefull if you are going to invest in any
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« Reply #11 on: September 07, 2006, 07:09:58 PM »

is it still safe to keep funds in paradise poker?
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TightEnd
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« Reply #12 on: September 07, 2006, 08:10:09 PM »

in my opinion yes, the registration of Paradise and domicile of the client funds is outside the US
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« Reply #13 on: September 07, 2006, 08:47:39 PM »

Pab with the funds you have in there i recomned you bring it right down. You really don't want to get caught out, move all but what you need for that 100 rebuy, lol
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« Reply #14 on: September 07, 2006, 09:10:10 PM »

ahh, thatll be why my shares went down 11.5p today then....
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