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Sportingbet to expand its activities in the US

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In an interview with the Financial Times, Andrew McIver, who is set to become the new Chief Executive of Sportingbet in October, said the online bookmaker will step up efforts to find more US customers and acquisitions.

“The US is the only market worth serious investment,” he stated.

McIver also accused investors in the online gambling sector of ‘putting their heads in the sand’ over the risks associated with the regulatory uncertainty of the industry. “Everyone knew it was a risk. Eight years ago, people came in and supported the industry and knew full well the risks,” he said.