China busts major Cambodia-based online gambling ring

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China busts major Cambodia-based online gambling ring

Post by CEOCambodiaNews » Wed Nov 06, 2019 3:53 pm

China busts major Cambodia-based online gambling ring
BY Steven Stradbrooke ON November 05, 2019

Chinese authorities have disrupted a major illegal online gambling operation based in Cambodia’s Sihanoukville region while promising to provide funds to offset the impact of Cambodia’s online gambling ban.

On Tuesday, China’s Xinhua news service reported that police in Jiangxi’s provincial capital Nanchang had disrupted a “large-scale multinational” online gambling operation that authorities claim handled wagers worth over RMB30b (US$4.3b) from a customer base of around 1.2m bettors.

While Jiangxi police led the charge, the ring was based in Cambodia’s Preah Sihanouk province, where some 200 support staff were reportedly arrested at two facilities. Six organizers of the ring, including the alleged ringleader Wu Moumou, have been brought back to China to face the music.

The Sihanoukville operation reportedly ran a number of websites with names like Golden Lisboa and Macau Casino, apparently intended to imply some relationship with Macau-licensed casino operators (a common tactic among China-focused online rings).

Cambodia’s recent decision to end its online gambling licensing regime has resulted in an exodus of Chinese nationals from Sihanoukville. Reports vary on the scale of this exodus, but it’s apparently large enough that China has just agreed to “special discussions on grants to support development” of non-gaming business ventures in Sihanoukville.
https://calvinayre.com/2019/11/05/busin ... ling-bust/
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