halts wagering on TIME Person of the Year

Ahead of announcement, employees linked to Time Warner PR Agency caught

wagering on result

Dec 03, 2005, 00:00 ET from

    NEW YORK, NY, Dec. 3 /PRNewswire/ -, the world's largest
 online sportsbook, has been forced to halt wagering on Time Magazine's Person
 of the Year and Sports Illustrated's Sportsperson of the Year due to
 suspicious betting activity. Upon further investigation by, the
 first and only sportsbook to offer odds on the annual designations, it appears
 employees of a public relations agency linked to Time Warner have used inside
 information to place the maximum allowable bet on this year's winners.
     On the afternoon of Friday, December 2, a number of suspicious wagers,
 originating primarily from New York and New Jersey, were posted on Mother
 Nature to be named Time Magazine's Person of the Year for 2005. These wagers
 have been traced back to e-mail addresses of a New York-based PR agency that
 lists Time Warner as one of its clients.
     This decision followed on the heels of similarly suspicious betting
 activity on the 2005 recipient of Sports Illustrated's Sportsperson of the
 Year. Since the odds were posted on the annual designation several weeks ago,
 numerous wagers from the same sources for the maximum allowable bet were
 placed on New England Patriots quarterback Tom Brady. Later in the evening of
 December 2, a leak emerged that Tom Brady would, in fact, be this year's
     " is committed to providing the fairest, most level playing
 field offered by anyone in the online gaming business," says Peter Childs,
 oddsmaker "Everyone loves to bet, on sporting events and
 novelty options whether it be the Academy Awards or the winners of Time
 Magazine and Sports Illustrated's Person of the Year. We have to close these
 events not only to stop these few bettors with inside information, but to
 protect the thousands of other bettors who will wager on this without knowing
 the outcome. We will, however, honor all bets made until we were forced to
 close the betting."
     About is the largest sportsbook and casino on the planet,
 offering numerous products including sports betting, horse racing, poker,
 casino and virtual games. It is the flagship US brand of Sportingbet PLC (LSE:
 SBT), Headquartered in London, England, it is the world's leading publicly
 traded online betting, gambling and gaming company. Sportingbet has been voted
 number one in the industry for two years in a row by the authoritative eGaming
 Review Power 50 Survey. Sportingbet also won the 2005 eGaming Award for best
 US-Focused company as a result of the success of