Hong Kong police smash gambling ring
<!-- Class 'push-0' just right-aligns the element so that the main content comes first. --> <!-- cT-storyDetails --> <cite>July 8, 2010 - 9:19PM</cite>
<bod>AFP
</bod>HONG KONG — Hong Kong and mainland police have smashed a large cross-border illegal football gambling syndicate, seizing betting slips worth more than one billion US dollars, reports said on Thursday. Officers arrested 93 people from Hong Kong and the mainland in a joint operation late on Wednesday, broadcaster RTHK said.
A large amount of betting slips were seized during the arrests, including seven billion yuan (1.03 billion US) from the mainland, the broadcaster said.
Police said the syndicate mainly received online and telephone bets through more than 400 bank accounts, the largest number of accounts involved in a local illegal soccer betting case, according to Cable TV.
"We identified a trend that the bets were mainly placed via the Internet -- same as other countries or regions," a police spokesman told the broadcaster. Police on the mainland said they had arrested over 800 online football gamblers during the World Cup, the official Xinhua news agency reported. These included 65 punters from Hong Kong, Macao, Taiwan, the Philippines and Malaysia, it said.
From June 11 to July 5, Chinese police busted more than 600 online football gambling groups on the mainland, confiscating 50 million yuan (7.3 million dollars) in wagers, according to Xinhua. Police in Hong Kong said details of their operation would be released in a statement late on Thursday. Since the global tournament kicked off last month, officers in the financial hub have launched a series of raids that hauled in about 350 million Hong Kong dollars (45 million US) in betting records, Cable TV reported.
The betting figures are more than a four-fold increase from the 2006 World Cup when police seized gambling slips worth 75 million Hong Kong dollars, according to the broadcaster. Punters in Hong Kong, a football and horse racing-mad former British colony returned to China in 1997, can bet legally on a variety of sports events including the World Cup through the Hong Kong Jockey Club.
About 35 billion Hong Kong dollars in legal bets were placed on football matches in 2009, according to Jockey Club figures. Illegal bookmakers are said to offer better odds and easier credit terms -- although failure to repay can lead to violent reprisals, according to police.
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