Peter Dicks, SportingBet's Chairman, was released on bail on Friday, allowing him to leave the Riker's Island prison in New York, where he had been held after his arrest on Wednesday.
Dicks was arrested for what was named "computer gambling". He was arrested after traveling to New York for business purposes that were not related to online gaming.
Dicks was granted $50,000 bail by the New York Supreme Court but was not allowed to leave New York City until his extradition hearing, where Louisiana state officials will attempt to extradite him to face the charges. The extradition hearing will be on September 14th.
Peter Dicks was employed by SportingBet as a non-executive chairman in 2000. SportingBet is listed on the London Stock Exchange, with a stock market value of about $2 billion. For fear of panic selling, the trading in the company's shares was suspended, as requested by SportingBet's.
Peter Dicks is the second online gaming executive arrested by US authorities in the past months on charges related to the provision of online gambling to US residents. David Carruthers, a former executive of BetOnSports, is currently under house arrest facing charges of racketeering.
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