Shares of online casino and sports bookmaker SportingBet.com resumed trading this morning in London and promptly lost 40% of their value. Prior to the arrest of a company executive in the United States last week, the company was valued at approximately $1.87 billion U.S., but in trading this morning the value has fallen to $1.12 billion U.S., wiping out over $700 million. Trading in shares of the bookmaker was halted last Thursday following the arrest.
Times of London Online
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