China busts $11 bln online gambling ring

Nov 02, 2012
This file photo shows customers surfing the internet at an internet bar in Beijing, in 2009. Chinese authorities have busted what is reportedly the country's biggest online gambling ring, which allegedly handled bets of more than 70 billion yuan ($11 billion), according to state media.

Chinese authorities have busted what is reportedly the country's biggest online gambling ring, which allegedly handled bets of more than 70 billion yuan ($11 billion), according to state media.

The Shanghai-based gang ran a website linked with overseas gambling sites which allowed to play online card games and bet on sport, including European football matches, the Global Times newspaper said.

Shanghai police broke up the ring in July, seizing 13 million yuan and arresting more than 50 people after a three-month investigation, it said.

The group was estimated to have handled bets estimated to be worth more than 70 billion yuan in the January to July period this year, the newspaper said, describing it as China's biggest such case by value.

The gambling website used overseas servers while its more than 20 allied websites were mainly based in Southeast Asia and operated by overseas Chinese, the official and the Global Times said.

"The ring had a very bad effect on society," the Global Times quoted Qu Weifang, chief engineer of a Shanghai police unit dedicated to , as telling reporters.

"We have found and university students who have gambled away all of their money."

Police could not be immediately reached for comment on Friday.

China's ruling communist party banned gambling as one of the evils of the old society after it took power in 1949.

But Macau, a former Portuguese colony which is now a special administrative region of China, boasts the world's biggest gambling hub with casinos that are popular with mainland Chinese visitors.

Explore further: LinkedIn membership hits 300 million

add to favorites email to friend print save as pdf

Related Stories

China 'cracks down' on fake iPhones

Sep 30, 2011

Police in Shanghai have arrested five people for making fake iPhones, state media said on Friday, just as Apple fans overseas wait with bated breath for the launch of the US giant's newest model.

China's Xinhua plans to list website: report

Jan 11, 2012

China's official Xinhua news agency plans to list its website by year-end, a report said Wednesday, as the government ushers more state media giants to the stock market.

US firm to make pay-out for China oil spill: report

Apr 02, 2012

ConocoPhillips and its Chinese partner will pay around 305 million yuan ($48 million) to fishermen in a northern port city over a major oil spill last year, a state-backed newspaper said Monday.

China police detain Internet users

Oct 25, 2011

Chinese police have begun to detain and punish people for spreading rumours online, the government said on Tuesday, as authorities intensify efforts to censor content on the Internet.

Groupon apologises for fake watch sales in China

Nov 08, 2011

US online daily deals firm Groupon said Tuesday it has apologised and offered refunds to customers who bought fake watches from its Chinese unit, days after making its US stock market debut.

Recommended for you

LinkedIn membership hits 300 million

13 hours ago

The career-focused social network LinkedIn announced Friday it has 300 million members, with more than half the total outside the United States.

Researchers uncover likely creator of Bitcoin

19 hours ago

The primary author of the celebrated Bitcoin paper, and therefore probable creator of Bitcoin, is most likely Nick Szabo, a blogger and former George Washington University law professor, according to students ...

White House updating online privacy policy

23 hours ago

A new Obama administration privacy policy out Friday explains how the government will gather the user data of online visitors to WhiteHouse.gov, mobile apps and social media sites. It also clarifies that ...

User comments : 0

More news stories

Researchers uncover likely creator of Bitcoin

The primary author of the celebrated Bitcoin paper, and therefore probable creator of Bitcoin, is most likely Nick Szabo, a blogger and former George Washington University law professor, according to students ...

LinkedIn membership hits 300 million

The career-focused social network LinkedIn announced Friday it has 300 million members, with more than half the total outside the United States.

Impact glass stores biodata for millions of years

(Phys.org) —Bits of plant life encapsulated in molten glass by asteroid and comet impacts millions of years ago give geologists information about climate and life forms on the ancient Earth. Scientists ...