Deals
Sportingbet Rises After Reaching Agreement With U.S.
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Sportingbet Plc rose 10 percent in London trading after the U.K.-listed online betting company reached a non-prosecution agreement with U.S. authorities that would have it forfeit $33 million for its American Internet gambling operations between 1998 and 2006.
Chief Executive Officer Andrew McIver said the step should make it easier for the Guernsey-based company to raise funds, make acquisitions, and resume operations in the U.S. if it legalizes Web gambling.