Massive Online Gambling Bust Nets Over 400 People in China

Written by:
Gilbert Horowitz
Published on:
Dec/13/2012
Massive Online Gambling Bust Nets Over 400 People in China

Police from China, Cambodia, Vietnam and Myanmar shut down a US$1.75 billion online gambling operation based in China’s Hubei Province on Thursday. 

Bookmaker-2500-091412A.jpg

The investigation has been ongoing for two years now and involved some 400 individuals of which 37 have been detained thus far. 

The server for the operation was based in Cambodia, with the gambling ring involving a network of 120 agents, according to preliminary reports. 

More than a dozen suspects were also rounded up in Vietnam.

In recent months, the Chinese government has begun to crackdown on the former Portuguese gambling colony of Macau.  A series of raids have occurred at various venues since the summer.  Suspicion has also been cast on gambling junkets arriving from the Mainland.  Officials claims that Junket operators often have ties to the triads, organized crime gangs in China.

Hoffman Ma, deputy chief executive officer of Macau casino, Ponte 16, said: “It's good for the reputation of the industry as a whole. Before, Macau was too reliant on the VIP sector – a relatively small pool of high-rollers involved in massive transactions. It's better to have an industry supported by more mass-market players.  I don't think Beijing wants to see an end to funds going from mainland China to Macau. Officials just don't want people to get away with taking too much out by using underground channels.”

Ben Lee, managing partner at Igamix Management, worries about the impact this crackdown will have on the world's largest gambling empire. 

 “The VIP segment, which traditionally accounts for 70% of Macau's gaming revenue has suffered in terms of growth since June, whereas the mass market has remained strong," he told the Macau Daily Times.  "The casinos are experiencing a switch from the VIP to the premium mass…We have been told that the mass market is growing and in particular premium mass.”

- Gilbert Horowitz, Gambling911.com

Gambling News

All News, Odds, Trending Stories: Bookies Behaving Badly Al Ross Rewind, More

For a comprehensive look at today’s top news stories and latest event odds from your mobile device or laptop, Visit the Gambling911.com Site Map

Reputed Mobster and Brothel Owner Pleads Guilty in Plot to Kill Rival

A Nevada man said to be part of a New Jersey mob family for which HBO’s “The Sopranos” was modeled after has admitted to plotting the death of an organized crime rival.

Ohio Mayor Pleads Guilty to Illegal Gambling, Racketeering

A former longtime northeast Ohio mayor accused of taking bribes in exchange for jobs and running an illegal gambling house has pleaded not guilty to numerous charges.

Lam Still on Lam as Philippines President Takes Aim at Casino Tycoon

Lam Still on Lam as Philippines President Takes Aim at Casino Tycoon

Philippines President Rodrigo Duterte has ordered the arrest of Jack Lam, one of Asia's top casino kingpins, on charges of economic sabotage and bribery, according to the country's police chief.

Sordid Lifestyle of Slain Aussie Mobster Revealed by Ex-wife

Sordid Lifestyle of Slain Aussie Mobster Revealed by Ex-wife

The ex-wife of slain Aussie mobster Pasquale Barbaro says he would read Bible verses to his children during the day and film naked escorts in the evenings. 

Syndicate