| | |  | Last Updated: Tuesday, June 19, 2007 |  | | | Online gambling company has Successful Buyout
- Tuesday, 17 Oct 2006
A leading online gambling sports betting company, has recently announced, by its management team, that it had a successful leveraged management buyout of Sports Book as well as other US facing brands from Sporting Bet. Sports Book will now operate as a private online gambling company with offices in Antigua, San Jose, Costa Rica, Vancouver, and Dublin. This buyout came as a result of the new US legislation recently passed by the US Congress and President George W. Bush.
Online gambling transactions continue to remain secure regarding the gambling online sports book, and all personal information remains completely confidential and customer accounts are safe. Sports Book always makes sure to show how much it values the support and enthusiasm of its gambling customers online and the new owners of the company intend to respect and continue to provide great online gambling services and offers to their loyal fans.
As a result of new U.S. legislation aimed at preventing financial institutions from handling online casino transactions with online gaming companies, Sports Book’s parent company, has decided to stop accepting online gambling wagers from customers in the United States, effective immediately. Sports Book, now in private hands, claims that for its gambling patrons online, it will be business as usual. Sporting Bet sold Sports Book to the existing management team and a group of investors who will continue to run the online gambling company in the same innovative way that it has in the past.
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