BUSINESS

Sportingbet avoiding consolidation until it pays the US market cover charge

TAGs: Department of Justice, Sportingbet

Sportingbet-Avoiding-ConsolidationSomeone asked Sportingbet’s financial director Jim Wilkinson if his company was planning on following the herd off the consolidation cliff. Wilkinson’s response was that it wasn’t likely to happen, at least, not until they’ve settled certain issues with the US Department of Justice, specifically, how big a gratuity they need to leave on the DOJ’s nightstand to be considered for one of those prospective US gaming licenses. Hmmm… Does anyone else think this is somewhat hypocritical behavior by the DOJ, considering their own country’s Foreign Corrupt Practices Act prohibits American companies from offering money to foreign governments in hopes of landing important business contacts? Read more.

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