Online Casino Transfer: News - Chinese Raids Continue

06/24/2010		Online Casino Style: News Chinese Raids Continue
Home History Games News Dictionary		With the end of the online gambling raids initiative laid out by Chinese officials coming up, police are pumping up the efforts, taking down as many illegal gambling schemes as possible now, while they still have the backing of the government. The most recent blitz went down in the Jiangsu Province, where a major internet gambling syndicate was raided and disbanded by police. According to a report by The Global Times, the latest bust was one of the most significant, as the ring was backed not only by international investors, but had grown ridiculously large in its time of operation, servicing more than 22,000 people throughout China. While the purpose of the raids have been to take down the operations themselves, apparently this time, the rosters of members for the illegal online gambling scheme were actually turned over to a government agency. Police confirmed that the names of all 22,000 customers were now in the capable hands of the Ministry of Public Security. The lists were expansive, including names not only of constituents, but of public servants as well as foreigners staying in China. No word on the action that is to be taken against the customers, yet. The raid itself resulted in the arrests of more than 30 people. The police had made the break through the cooperation of local police video surveillance, and information provided by a driver for a government body, who gave up details of the scheme for his own good. Online gambling websites from both Taiwan and the Philippines were involves, with the domain names of involved sites being traced back to an offshore internet casino company. Three companies in China helped to promote the underground group, with gambling being provided through the cooperation of 300 agents, paid on commission of services used. Their bills ranged from 25 to 40 percent of the revenue made. The amount of money made by this particular operation has been staggering with one of the mainland companies alone generating 200 million yuan a month in transactions, equal to about $29 million in US dollars. The company did not solely do illegal gambling, however, and so only 110 million of the firm’s 5 billion yuan has been frozen by authorities. Clientele using the online gambling services were able to deposit cash to payment websites to place their wagers, which included not only sports betting but popular online casino games such as poker as well.

06/24/2010

Online Casino Style: News
Chinese Raids Continue

With the end of the online gambling raids initiative laid out by Chinese officials coming up, police are pumping up the efforts, taking down as many illegal gambling schemes as possible now, while they still have the backing of the government. The most recent blitz went down in the Jiangsu Province, where a major internet gambling syndicate was raided and disbanded by police.

According to a report by The Global Times, the latest bust was one of the most significant, as the ring was backed not only by international investors, but had grown ridiculously large in its time of operation, servicing more than 22,000 people throughout China. While the purpose of the raids have been to take down the operations themselves, apparently this time, the rosters of members for the illegal online gambling scheme were actually turned over to a government agency. Police confirmed that the names of all 22,000 customers were now in the capable hands of the Ministry of Public Security.

The lists were expansive, including names not only of constituents, but of public servants as well as foreigners staying in China. No word on the action that is to be taken against the customers, yet. The raid itself resulted in the arrests of more than 30 people. The police had made the break through the cooperation of local police video surveillance, and information provided by a driver for a government body, who gave up details of the scheme for his own good.

Online gambling websites from both Taiwan and the Philippines were involves, with the domain names of involved sites being traced back to an offshore internet casino company. Three companies in China helped to promote the underground group, with gambling being provided through the cooperation of 300 agents, paid on commission of services used. Their bills ranged from 25 to 40 percent of the revenue made.

The amount of money made by this particular operation has been staggering with one of the mainland companies alone generating 200 million yuan a month in transactions, equal to about $29 million in US dollars. The company did not solely do illegal gambling, however, and so only 110 million of the firm’s 5 billion yuan has been frozen by authorities. Clientele using the online gambling services were able to deposit cash to payment websites to place their wagers, which included not only sports betting but popular online casino games such as poker as well.