The domain name of the online gambling site Bet on Sports was sold this week to Deana Morley, Costa Rica resident, via the registrar GoDaddy, for the modest amount of $4,900.
The site was shut down by the US government in 2006. Therefore, the purchase of the domain name by a former president of Bulma International SA, also related to the founder of Bet on Sports Gary Kaplan, makes it curious gambling news. It seems like Kaplan might have got his creation back.
Unknown future for the domain
The domain is currently not in use, but its future holds a lot of question marks. Gamblers still remember the notorious past of the UK-listed Bet on Sports. When it closed down in October 2006, it left a large group of investors with worthless stock certificates. Moreover, thousands of regular sports bettors didn’t have any way of redeeming their funds trapped in Bet on Sports accounts.
The story goes back to the arrest of David Carruthers, CEO of Bet on Sports, on 16 July 2006, in Dallas, while waiting for his flight to Costa Rica. This event was the marking moment of the attack on internet gambling in the US, by the Department of Justice.
It was all sealed before the end of 2006 when President George W. Bush signed the Unlawful Internet Gambling Enforcement Act (UIGEA) into US gambling law. This led to the exit from the US market of all the UK’s publicly traded online gambling companies and the end of Bet on Sports.