Online gambling firm fires CEO

Online gambling company BetOnSports fired its CEO following his arrest in the US on racketeering charges, an Associated Press report said.

The report said the sports-betting Web site operator was terminating the contract of David Carruthers and removing him as a director as a consequence of his detention.

"Clearly, while he remains in the custody of the US government, he is unable to perform his duties," the company said in a statement.

Carruthers, 48, was arrested July 16 at Dallas-Fort Worth International Airport in Texas while trying to make a connecting flight from the UK to Costa Rica, where BetOnSports was based, the report said.

The company suspended trading of its shares two days later.

Carruthers and 10 others, including the founder of BetOnSports, were named in a 22-count indictment unsealed this week by federal prosecutors in St. Louis.

The government said BetOnSports fraudulently took bets from US residents by phone and the Internet, and failed to pay excise taxes, according to the report.

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