Sportingbet and Neteller Make Progress with US Prosecutors

Gaming firm Sportingbet is said to have reached an 'amicable solution' with Louisiana's district attorney. A statement from the firm said that all related warrants issued by state police had been cancelled with immediate effect, adding that the St Landry District Attorney now considered the matter closed.

Last September, the Louisiana State Police issued a warrant for Sportinbet's then-chairman Peter Dicks on charges of "gambling by computer." Dicks was set free by the US authorities later in the month.

In further news, Neteller’s has signed an agreement with the US Attorney’s Office for the Southern District of New York outlining terms and a timeline for the transfer of funds back to its US customers.

Ron Martin, group president and chief executive of Neteller, released a statement saying: "We continue to be committed to returning funds to our US customers and working with the US Attorney’s Office. Progress, while not always visible to the outside observer, has been steady and these agreements mark a milestone in the process."

The company said that it hopes the process will be completed within 75 days.

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