Sportingbet sells U.S. operations for $1 (AP)

LONDON - Sportingbet PLC is making a bet that there is no future in online gambling in the United States. The British company said Friday it sold its U.S. operations for $1 following legislation to ban Internet gambling in the United States. By unloading its U.S. sports-betting, casino and poker business to Antigua-based Jazette Enterprises Ltd., Sportingbet is taking $13.2 million of debt off its books and saving the company the $14 million cost of closing down the operations. But it is also hedging ...