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Bodog Founder Ayre Avoids Jail In U.S. Legal Settlement

Bodog founder Calvin Ayre has pleaded guilty to a misdemeanor charge of assisting illegal gambling and paid a $500,000 fine to settle a five-year-old criminal case brought by U.S. prosecutors.

The settlement approved on Friday by a federal judge in Baltimore marks a significant climb-down from the charges that were first brought against Ayre and three other individuals connected with Bodog.

In February 2012, federal prosecutors in Maryland indicted Ayre and three fellow Canadian citizens on charges of operating an illegal gambling business and money laundering.

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