Macau prosecutors have charged 59 individuals allegedly associated with online sports betting, with two of them remaining in custody awaiting trial. The other defendants have been released on bail but are prohibited from leaving the city.
The operation that took place on July 2, 2024, led to the arrest of a total of 93 people across Macau, Hong Kong, and Guangdong. During the operation, authorities confiscated MOP 88.4 million (approximately £8.5 million or $11 million) in cash and froze bank accounts totalling MOP 22.1 million.
The betting sites, based outside of Macau, facilitated wagers on football and basketball games, reportedly generating around MOP 72 million weekly during the recent UEFA Euro 2024 tournament. Authorities estimate that illegal operations have netted over MOP 1.08 billion for the owners of these grey market companies since 2016.
It’s important to note that online gambling is illegal in China, including in Macau, which is designated as a special administrative region (SAR). Those found guilty of organising unlawful gambling and betting face potential prison sentences of up to three years.
Macau releases 57 suspects on bail in illegal betting case
23 July 2024, 15:23
15 September 2024, 11:51
13 September 2024, 08:24
10 September 2024, 15:00
9 September 2024, 15:01
3 September 2024, 09:29
2 September 2024, 15:00
19 September 2024, 15:00
19 September 2024, 11:05
18 September 2024, 15:49
18 September 2024, 10:43
17 September 2024, 16:48
17 September 2024, 09:01
16 September 2024, 16:51
16 September 2024, 11:09
15 September 2024, 15:04
15 September 2024, 11:51
14 September 2024, 15:00
14 September 2024, 10:06
MGM Resorts International has forged a partnership with Escape Solar LLC to provide its hotels and casinos with solar energy. This collaboration enhances MGM's existing status ...
13 September 2024, 17:18
New York Congressman Paul Tonko and Connecticut Senator Richard Blumenthal have proposed a legislation aimed at strengthening regulations within the betting and gambling ...
13 September 2024, 08:24
MGM Resorts International is optimistic about the timely construction of its integrated resort, MGM Osaka, which will feature a hotel and casino. The American gaming giant has ...
12 September 2024, 15:00
In his opinion column, IGB expert Tom Waterhouse explores the significance of sports data analytics and data providers within the evolving landscape of sports betting. He ...
13 September 2024, 11:00
Could competition from private companies in Finland's regulated gambling market aid in revitalising the Veikkaus monopoly, which has experienced years of decline and losses? ...
10 September 2024, 19:00
Robinson Barreirinhas, the Special Secretary of Brazil’s Federal Tax Service, is set to provide testimony before the Parliamentary Commission of Inquiry (CPI) investigating ...
3 September 2024, 17:59
California Indian tribes engaged in the gambling industry are actively backing a bill aimed at enhancing their operations. However, representatives from state casinos and card ...
30 August 2024, 18:00
For many years, the majority of the largest companies in the US gaming sector—encompassing operators, suppliers, and sportsbooks—have been publicly traded entities. However, ...
28 August 2024, 17:00