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June 7, 2013

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Gambling ring's bets totaled 63b yuan

SEVENTEEN people who ran a gambling ring that prosecutors said handled bets totaling more than 63.3 billion yuan (US$10.3 billion) stood trial at Huangpu District People's Court yesterday.

The Shanghai-based ring ran several casino websites linked with overseas gambling sites that allowed mainland users to play online card games and bet on football matches, according to prosecutors. No verdict was announced.

The gang was led by Shou Fei, a 36-year-old local man, who earned 11 million yuan from the total bets collected from the gamblers from July 2011 to July 2012, prosecutors said.

Officials said 17 operators were arrested when the gang was busted on July 11.

Records confiscated from the suspects listed at least 40 to 50 gamblers, but the total number of gamblers was not clear.

As his business grew, Shou hired more gang members, who transported cash, recruited more gamblers and also gambled themselves.

The gang members said in the court that they earned from 2,000 yuan to several million yuan each from the illegal business.

Some members said they could earn 1.2 percent of bets placed by the gamblers.


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