27
May
news image thumb

Massive Chinese Illegal Betting Operation Busted


A huge police operation in China has reportedly ended in the smashing of an illegal gambling operation and the confiscation of millions of Yuan as well.

The illicit gambling ring was based in the Guangdong region of the Asian county and was said to have said to have focussed on sports betting, with football betting a particular speciality of the group. As part of the massive police intervention over 150 people were arrested as well as the cash haul, with most of the arrests happening on the mainland, although the leader of group was collared in Macau. 

132 Million Yuan Confiscated

Chinese investigators from Macau and Guangdong had spent a year looking into the betting operations. The money which was taken by the police force amounted to a staggered 132 million Yuan, which is over $21 million and more than £14 million. The money was grabbed from bank accounts held by members of the gang, with computer equipment and credit cards also said to have been confiscated in the recent raid.

The current best estimate is that the betting involved in this illegal operation could have been as high as 100 billion Yuan a year, with most of that being placed in different football games across the planet.

A spokesman for the Chinese law enforcement forces said that this gang was the biggest illegal gambling group which they have so far dismantled in the Chinese mainland. He went on to say that this bust has helped show the Guangdong region’s “great achievements” in the fight about illicit gambling on football games.

 

 

Categorised Under: General Gambling News
User Rating
User Rating
0 Comments

Leave A Comment

Site Of The Month
Guts Casino


Guts Casino brings new games from BetSoft, Net Ent, Microgaming and IGT. New players can claim up to £300 and 100 free spins when they join guts.com.
Featured Site
Leo VegasFeatured
Casino Site

October 2015

Leo Vegas obviously believe that variety is the spice of life because they offer players games from four of the best casino software suppliers. They also extend a rather generous sign up offer to all players, so you know...
Last Visitor

Suvadeep Paylituzu Elkomandante Phenvargas Sbothai MaryDom Choosay WallaceM Heng Luis
Newsletters
Signup for your email updates.Get special offers, news, competitions and more!
Forum
Re: What is Asia Live Tech's iGaming Revenue Sharing Pool?
"We make a living by what we get, but we make a life by what we give. [color=#DCE9FE:1peb4r4r]s"

What is Asia Live Tech's iGaming Revenue Sharing Pool?
"One of the most revolutionary aspects of the modern iGaming industry is Asia Live Tech’s iGaming Revenue Sharing Pool program. The basic premise is that on top of the operator"

Inside Casinos Reviewer
New Casino Sites

New online casinos are the lifeblood of the gaming world. This is the reason we search long and hard for the newest casino sites, making connections with operators to ensure we bring you them first.



Take a look
Casino competition

Every month we run a free casino competition, you can enter these competitions by visiting their respective page.

Prizes for the home, casino chips, electrical items - we giveaway them all!

 



Take a look
Free Casino Reviews

The online casino scene is booming which is why it's so important to do your research before choosing a casino site to call home. Read the latest casino reviews arranged alphabetically.



Take a look
Internet Casino

The rise of the Internet casino market in the UK is great news for gamblers. Internet casinos are doing their best to attract new players to their sites with no deposit casino offers and promotions.



Take a look