Billionaire Tycoon Peter Lim's Ex-Son-In-Law Jailed for Illegal Gambling Offences
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Billionaire Tycoon Peter Lim's Ex-Son-In-Law Jailed for Illegal Gambling Offences
(May 11, 2023) - The first husband of socialite Kim Lim, Kho Bin Kai, was given a fine of S$40,000 and jailed for two years and ten months for illegal gambling.
Kai is billionaire Peter Lim's son-in-law.
The 32 year old had pleaded guilty to three charges under the Remote Gambling Act and two counts of dealing with the benefits of criminal conduct.
Kho was married to Kim for three years before they divorced in 2020. They have a child together.
The Strait Times reported that Kho was linked to multiple illegal gambling websites, earning an average of between S$30,000 and S$40,000 a month from one of them alone.
Kho began acting as a master agent for a gambling website in April 2017. He took 10 per cent commission, and also agreed to a position taking 90 per cent of the centralised pot for all tickets on the website.
Former Rugby Player Easily Lost €5M Gambling
(April 30, 2023) - Former professional rugby player Mark Bradshaw sat down with the Independent over the weekend to discuss his journey to Hell and back, courtesy of a gambling addiction that resulted in him losing everything, including his wife and kids as well as €5M.
Bradshaw had his first gambling experience aged seven at arcades while holidaying in England. The former athlete, who played for the England under 18s rugby union team, recently went public on social media about his gambling addiction.
“Since I’ve been speaking about my experience, I’ve received about 600 messages from people in Ireland who have a problem with gambling. It is a lot of young Irish fellas. I just want to help as many people as I can, that is my focus,” he said.
Bradshaw details how he would skip gym sessions to play in the casino instead.
“From the age of 18 to 36, there was no period when I wasn’t gambling. I just didn’t focus on the rugby. I was erratic and my behaviour was appalling, so my rugby career didn’t work out. I take responsibility and accountability for that now. My mind was always on the next bet, not rugby.”
Bradshaw became a recruitment headhunter, initially working for firms but soon branching out and set up his own high-end agency.
“It was Premier League football wages. One of my first major commissions was for €180,000. I was in my mid-20s and had never been making such significant sums of money. Up until then, I used to just go into the bookies. But then online gambling changed everything — and it is so dangerous. It became the heroin of my world.”
Flutter Chief Flustered By Anti-Gambling Groups Power
(April 29, 2023) - The chief executive of Paddy Power owner Flutter has expressed worries over anti-gambling crusaders, charities and similar groups consolidating power in the gaming sector.
More specifically, Peter Jackson, chief executive of Flutter, told the Financial Times this past week he hoped a voluntary contribution of 1 per cent of gross gaming revenues a year would be distributed in a “reasonably narrow way” for research, treatment and education around addiction.
“I wouldn’t want the money to be used for people to be campaigning to stop gambling,” said Jackson. He argued that campaigners had had the “opportunity to make those cases” since the white paper consultation began two years ago, adding: “We need to be careful that people don’t feel the need to reprosecute some of those cases.”
Gaming regulators in the United Kingdom hope to raise upwards of £100mn a year from betting operators to fund gambling harms research and treatment.
Another gambling executive was more abrupt in expressing his position to FT, saying he feared the funding would be “very heavily skewed towards the anti-gambling prohibitionist agenda” and would help campaigners who argue that “all gambling is bad in the same way that all smoking is bad”.
However Matt Zarb-Cousin, director of Clean Up Gambling, said: “Those now expressing angst about how the money might be administered risk revealing to us the degree of control the sector previously enjoyed. That game is now up and independent experts will decide.”
Premier League Clubs to Ban Betting Sponsorships
(April 13, 2023) - Premier League clubs have agreed to ban sponsorship from gambling companies on the front of their shirts.
The league’s 20 clubs collectively announced the decision to voluntarily “reduce gambling advertising.”
It is the first sports league in the UK to take such a stand, although the decision does not ban gambling companies from being used as sponsors on shirt sleeves.
The move was welcomed by the Department for Culture, Media and Sport at a time when the British government is reviewing gambling legislation.
Alistair Prescott, Gambling911.com
