Mr Dicks, 64, was granted $50,000 bail in New York while he fights extradition to Louisiana on criminal charges of illegal internet gambling. He was released on bond by New York Supreme Court Justice John Latella yesterday after spending Thursday night in jail in New York.
Sportingbet scrapped all travel plans to the US for its directors after the shock arrest of its chairman, but the online gambling firm carried on taking bets from US punters.
Mr Dicks is the second online gambling director to be arrested as US authorities crack down on the sector. The news wiped millions of pounds off London-listed gaming operators. Sportingbet’s finance director, Andy McIver, said: “Until this is resolved I won’t be travelling to the US.” He added: “The Louisiana laws involved are incredibly wide-ranging. It covers practically any form of doing anything involving any sort of gaming and a computer.”
By contrast, David Carruthers, the former chief executive of BetonSports, who was was arrested by the FBI in Dallas in July, was charged under a federal indictment and is being held under the 1961 Wire Act, which explicitly bans telephone sports betting. BetonSports fired Mr Carruthers soon after his arrest and shut down its US operations, which made up the bulk of its business.