Sportingbet has announced a write-down of £310m directly relating to its
forced pullout from the US.
The company disclosed the figures in its final results, which showed that it
still generated revenues of almost £1.1bn, excluding discontinued operations.
The £310.4m write-down resulted from impairment losses connected with the
disposal of its US business, reorganisation costs and goodwill impairment of its
US-facing sports betting and casino business.
UK gaming companies were cut off from the lucrative American market after the
Unlawful Internet Gambling Enforcement Act was passed by US Congress last year.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars