Published
Legal & RegulatorySports Betting

Police make arrests over illegal betting syndicate worth over HK$120m

According to local reports, police in China have busted an illegal betting operation that took in football bets worth over HK$120m (US$15.4m).

chinesepolicevan

The police were also able to confiscate cash worth over HK$10m, and betting records that confirmed the operation was worth more than HK$120m.

Three men, aged 26 to 38, were arrested during the early hours of Thursday, charged for bookmaking and operating premises for the facilitating of bookmaking. It is believed that one of the men was the “mastermind” of the project, whilst the other two were seen as “core members”.

The police raided three premises in Kowloon and New Territories, including a hotel room in Hung Hom, which was used by the organisation as an illegal betting centre.

It was reported that the men took bets from gamblers on match days through social media or phone. They then asked gamblers to pay cash when closing the accounts, which was done to make it harder for the police to trace them.

Along with the HK$10m and betting records, the police also managed to confiscate a “huge number” of phones, computers, currency-counting machines and a pile of bank documents.

The police believe that the operation took HK$10m every month, with a single bet of HK$100,000 having been placed when the police analysed the records.

According to the Gambling Ordinance, if someone is convicted of bookmaking or operating premises for facilitating bookmaking, they could be fined HK$5m and face seven years in jail.


Asia News Sponsor
Premium+ Connections
Premium

Imagine Live

 
 
Premium

Galaxsys

 
Premium

Digitain

 
Premium

PIN-UP Partners

 
Premium

1xBet Partners

 
Premium

RISK

 
Premium

Revsharks

 
Premium

GammaStack

 
Premium

Sport Generate

 
Premium

Lynon

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...