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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.



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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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