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$10.3 billion Macau gambling ring smashed

Friday June 7,2013 :  MAJOR CHINESE ONLINE GAMBLING BUST
 
US$ 10.3 billion Macau ring smashed
 
There are currently widespread reports in the mainstream Chinese media revealing that enforcement agencies have charged 17 Chinese nationals operating out of Macau as agents for online gambling operators on the island who have been targeting mainland Chinese gamblers.
 
The bust dates back to the middle of last year following over a year of undercover investigations which revealed that eight internet gambling websites were involved, accepting billions of yuan in wagers from mainland punters.
 
Estimates of the amount of wagering involved vary by publication between Yuan 80 billion (around US$13 billion) and Yuan 63 billion (about US$ 10 billion).
 
A 36-year-old man in Shanghai, named as Shou Fei, is allegedly the principal defendant in the case, which covers both online sports betting and casino action. Court documents indicate that he personally earned at least Yuan 11 million (US$1.8 million) during the year he was being investigated.
 
Shou Fei appears to have organised and managed an affiliate marketing-like structure which paid commissions to its members based on the losses of the players they introduced to the websites.
 
Shou Fei and his top lieutenant could face serious sentences due to allegations that they were on probation for similar offences at the time of the current bust.
 
Thursday's proceedings at the People's Court for the Huangpu District saw 10 members of the ring charged with illegal online gambling offences, but so far no sentences, which could be up to three years imprisonment, have been reported.



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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