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Major China Online Gambling Bust

Friday November 2,  2012 : MAJOR ONLINE GAMBLING BUST IN CHINA
 
Internet gambling ring handled over $11.2 billion in last 10 months
 
Police in Shanghai, China reported Thursday that they have broken up an internet gambling ring that generated more than 70 billion yuan ($11.2 billion) in wagers since January.
 
A Shanghai Cyber Police spokesman claimed that a three month investigation led to the dismantling of the biggest online gambling operation yet by Chinese enforcement agencies.
 
He revealed that more than 50 suspects had been arrested, 3 million yuan in cash had been seized and 10 million yuan of clients' money frozen.
 
The ring profited by working with unidentified overseas gambling websites, helping Chinese Internet users to wager on soccer games and online casino games.
 
"The ring has had a very bad effect on society. We have found office workers and university students who have gambled away all of their money, and even their parents' apartments," the spokesman said.
 
The Shanghai Cyber Police assigned a special team to monitor and investigate the gambling ring earlier this year.
 
Investigators achieved a breakthrough when noticed a major figure in the gang surnamed Shou, who frequently visited an overseas website. "We found that the ring was using that website to manage its accounts. They had connections with more than 20 overseas gambling websites," the spokesman said.
 
The ring purchased gambling software from unidentified sources abroad, which clients used to bet on European soccer games, including UEFA Champions League matches. Most of these gambling websites were based in Southeast Asia and run by ethnic Chinese, the police claim.
 
Since August 2012, Shanghai Cyber Police has been running an anti-online gambling operation, and claim to have successfully prosecuted 954 cases involving almost 1,800 persons.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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