New York, NY, January 13, 2005 – BETonSPORTS CEO David Carruthers announced today that he will spearhead the creation of an independent Advisory Council to deal directly with the social, economic and public concerns surrounding regulation of the online gambling industry in the United States.
Council members will represent all sides of the issue from law enforcement to parenting groups and will address head-on the importance of creating a dialogue on and devising solutions to many of the issues facing the internet gambling industry in this country.
The Advisory Council will be facilitated by neutrals affiliated with CPR – The International Institute for Conflict Prevention and Resolution - pioneers and leaders in the area of dispute resolution. CPR is a membership-based, non-profit alliance of global corporations, law firms, scholars and public institutions dedicated to the principles of conflict prevention and solution through alternative dispute resolutions. More information on CPR can be found at www.cpradr.org.
“In asking CPR to assist in establishing the Council, I thought it was important to have an impartial dispute resolution institute facilitate the framework for discussion and identify highly prestigious neutrals to mediate,” said David Carruthers, CEO of BETonSPORTS plc. “This reflects the interest of our industry to be responsible and respected contributors to this dialogue.”
“CPR has often served as an independent and impartial facilitator to discuss and resolve issues of broad public concern. We are enthusiastic about working with Mr. Carruthers and a diverse group of thinkers and leaders to address the many questions and concerns surrounding the advent of internet-based gambling,” said Thomas Stipanowich, President & CEO of the International Institute for Conflict Prevention & Resolution.
David Carruthers believes the online gaming industry is at a pivotal time. Online gambling is a global multibillion-dollar industry. Fifty percent of the industry’s revenues come from within U.S. borders. As the business continues to grow and thrive, he feels that regulation and taxation is the solution to the ongoing debate about online gambling. A commitment to ethics and transparency is intrinsic to the BETonSPORTS plc business strategy, and Carruthers is committed to setting a high standard for online gambling operators that can, in turn, reshape America’s attitudes toward the industry.
BETonSPORTS plc today is releasing a White Paper on the internet gambling industry and the reasons for regulation in the United States. It contains information about existing regulatory models, legal precedents and international decisions affecting the industry. In addition, the White Paper outlines the criticism the industry faces and describes how regulation would alleviate those concerns. For more information on BETonSPORTS plc, go to: www.BoSplc.com.
About BETonSPORTS
Established in 1995, BETonSPORTS is one of the largest licensed and publicly-traded online wagering companies in the world. Operated by BETonSPORTS plc (LSE: BSS.L - News), BETonSPORTS is licensed in Europe and the Caribbean. The Group has offices in the UK, Antigua, Costa Rica, Malaysia, The Dominican Republic, Guatemala and Mexico employing more than two thousand people. Gaming services include the world's most dynamic sportsbook www.betonsports.com and a casino www.boscasino.com and poker room at www.bospoker.com Millennium Sports, established in 1999, was BETonSPORTS plc’s first major acquisition in 2004 and facilitates recreational sports gaming at www.betmill.com along with a casino and poker room at www.millpoker.com. In May 2005 BETonSPORTS acquired Easy Bets an Asian facing online Sportsbook and Casino www.easybets.com more information on the BETonSPORTS group can be found at www.bosplc.com
