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MAJOR LOSS FOR MALAYSIAN ONLINE GAMBLER

Posted 1/11/11 : Businessman loses$228 162 in just two weeks of internet ‘syndicate’ gambling
 
The Malaysian newspaper The Star reports the sad tale of a 36-year-old local businessman who lost 700 000 Malaysian Ringgits (about $228 162) in a two week splurge on internet gambling.
 
The case is being used as anti-online gambling material by regional Johor Baru MCA complaints bureau.
 
The anonymous businessman told a press conference this week that he was introduced to online gambling through his friend, who showed him how easy it is to gamble on the Web in September last year. It looked like an easy way to make money, the victim said, adding that his perception was strengthened after watching his friend win RM100,000 within 20 minutes by betting on dog racing at unidentified websites.
 
Complicating the situation, the punter took out loans from the Ah Long, a Malaysian term loosely translating as a loan shark outfit. Desperate to repay the loan, the victim reportedly gave his friend an additional RM130 000 to bet. The friend could subsequently only give him a cheque for RM40 000....and that bounced when the 'friend' disappeared.
 
The punter had been caught up in an illegal betting syndicate with connections in Macau, Australia, England, Singapore and Malaysia specialising in internet bets on horse and dog racing, the report reveals.
 
“Usually one of the [syndicate] bookies would contact me and if I won, I would get my winnings from them,” he said, but added that the most he won was RM30 000, and he now owed ten times that to the Ah Long, who were becoming aggressive about recovering the debt.
 
MCA complaints bureau deputy chairman Michael Tay reminded prospective punters that there is no such thing as easy money.
 
“I also urge the government to pass a law banning Internet gambling sites as people can access them easily,” he said.



Gambling News :

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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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