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Macau Police Uncover Huge Illegal Gambling Business

Macau Police Uncover Huge Illegal Gambling Business

Police in Macau have uncovered a bookmaking racket that took £379 million in illegal bets on World Cup football matches in a week.

Macau Police Uncover Huge Illegal Gambling Business

Police in Macau uncovered an illegal bookmaker that had taken £379 million in illegal bets on the World Cup in just one week.

Twenty-two suspects have been arrested from what police are calling the biggest illicit football betting ring ever uncovered in the area following a raid of a hotel on Thursday.

The group was operating out of three rooms in the hotel and was taking online bets and telephone orders from around the world.

The initial investigation suggests that around HK$5 billion in World Cup bets have been taken and officers even found evidence of a single HK$40 million bet on one match.

Investigators seized more than HK$2 million in cash as well as 17 computers, 10 mobile phones and multiple betting slips from the hotel rooms.

Since the start of the World Cup authorities in Macau, Hong Kong and the province of Guangdong have been working together to crack down on illegal football betting. Hong Kong police have established a task force with Macau and Guangdong authorities and they are also working with Interpol to fight illegal betting during the tournament.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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