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Twenty jailed over China's biggest online gambling case
What is being described as China's largest online gambling case yet came to a conclusion in a Shanghai court over the weekend, when twenty defendants involved in a $1-billion online football gambling case were fined and sentenced to prison terms ranging from one to six years. All 20 accuseds pleaded guilty in January 2009, when sentencing was deferred.
The Shanghai Putuo District People's Court sentenced Qian Baochun (41) the prime accused, to six years imprisonment and ordered him to pay a fine of five million yuan ($735 000) for establishing gambling websites, reports the Xinhua news agency. Another 19 convicted accuseds, including Zou Jun and Liu Biqing, two second tier ring leaders, were sentenced to jail terms from one to five years with fines ranging from 20 000 yuan to 1.01 million yuan.
The gang started its business in the summer of 2006, when the soccer World Cup was held in Germany. Qian, Zou and Liu opened accounts on several overseas gambling websites and began to develop a network of agents and gamblers, hiring people and paying commissions from the enterprise's overseas profits, generated eventually from wagers totalling around 6.6 billion yuan. The initiating trio earned 1.6 million yuan between the latter half of the year 2006 and July 2007, alone, the the court was told by prosecutors.
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Gambling News :
Is Gibraltar Out of Luck in US Tax Challenge -
Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.
Quickspin are now available in Denmark -
#quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.
UCypher Launches -
Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.
Extreme Live Gaming In deal With Betsson -
Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.
Expansion Mode For BoyleSports -
The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..
Safecharge Q4-2016 -
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
ASA Most Controversial Ads of 2016 -
Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.
Yggdrasi To Enter Italian Gambling Market -
Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.
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