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Illegal Betting Rings Never Prosper

The international land and online casino gambling news is lousy with news stories about police raids and gambling ring busts. From the United States to Macau, it seems that individuals all over the world can’t resist the huge money potential involved in illegal land and online betting operations. What is particularly interesting is the fact that the two latest land gambling ring busts have come out of Macau – a location where there is ample opportunity for interested bettors to legal gamble and bet at the land casinos. The latest bust though also involved Hong Kong bettors although the gambling ring was run out of Macau and included Macau residents as well.

This latest gambling ring bust is making headlines because it has the potential to rate as the largest bust to-date for the Macau and Asian gambling industries. Many Asian governments in Japan, Hong Kong, and other areas continue to maintain restrictive online casino gambling regulations – this is part of the reason that gamblers are turning to illegal betting rings as a way to place bets of some of the largest international sporting events and horse races. The European Championships 2008 was the latest craze for the bookmakers all over the word – both at the land betting shops and the online casinos.

The gambling ring busted yielded more than $64 million in betting slips, as well as the confiscation of all computers, phones, and other electronics at the raided locations. These will all be investigated for further information the extent and scope of the gambling ring’s betting ring. The identification of the six individuals arrested in the case has not been released, nor has the specific charges each person is facing.