Online casino shut down by the Chinese police
Authorities in China have shut
down an online casino which has taken over $520 million (4
billion yuan) in bets for over two years.
Total of 37 people have been
arrested in connection to the online casino, as well as five
shareholders of the company running the casino with seven other
company members obtained guarantor pending trial, a Chinese
legal compulsive measure. Cash and 17 vehicles have been
The company had operated
nearly two years with thousands of members around the country.
Just like a pyramid, junior members could make their bets via
company agents, which can be divided into three levels.
The bets were placed via the
agents at different offshore gambling websites. The Chinese
police caught up to the online casino scheme by monitoring the
Internet use of one of the agents, after he was red-flagged
while he was logging in to over 13 online casino websites
located outside of China. The names and domain names of the
online casino websites have not been released.