Thursday, February 26, 2015

Fantastic Story of Paul Phua Wei-seng

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Macau businessman Paul Phua Wei-seng has more money than God. So why did he risk everything to run an illegal betting operation in Las Vegas? 

On July 13th a high-profile raid was made on three hotel rooms at Caesar’s Palace in Las Vegas. A 50-year old Malaysian man named Paul Phua Wei-seng, his 22-year old son Darren, three other Malaysians and three men from Hong Kong were arrested for allegedly running an illegal sports betting ring out of the three rooms. 

A federal police report later stated that the culprits had accepted millions of dollars in wagers on the World Cup 2014 in Brazil. While such things aren’t heard of very often in the US, illegal betting on the World Cup is reported to be a billion-dollar business each year. In fact, reports say that more money is wagered illegally than with all legal online sportsbooks in the UK, US, Canada, Europe and Asia combined. 

What made the story sensational was what later came to light about the group’s ringleader, Phua. Less than one month before he had been arrested for running a million-dollar illegal betting ring in Macau; also specializing in World Cup matches. He posted bail and left the city, landing in Vegas where he and his associates immediately opened up shop.

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Tuesday, February 24, 2015

Japan to reconsider gaming, but not likely in time for Olympics

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As lawmakers discuss reintroducing a bill to legalize casino-style gambling during the current Diet session, Osaka and Yokohama are reportedly favorites to host the first resort complexes with casinos.

But concerns over a rise in gambling addiction and other social issues are also increasing.

In particular, many members of Komeito, the junior coalition partner, fear such adverse impacts. This means it remains unclear whether casino gambling will come to Japan anytime soon.

Many experts say odds are low for a start by 2020, as some local governments would like.

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Mongolia plans to establish two newcasino resorts, according to the iGaming Post. The country’s parliament may vote as early as this week on draft legislation to develop casino resorts.
The political move comes while other locations, such as Japan, are also considering the legalization of gambling.

The two prospective Mongolian casino resorts are in the initial stages of planning. One of them is looking to be located at Khushigt International Airport, which is currently under construction. It would cater to Asian gamblers, in particular those from China.

“Russia, China and Japan are some of the biggest gamblers in the world. Japan and Russia already don’t need visas for Mongolia, and Chinese with official passports don’t either,” said a member of the government party responsible for the bill.

The casino bill includes restrictions that would bar Mongolians from playing at the casinos, similar to countries like Vietnam, South Korea and Cambodia, where locals are not allowed to gamble.

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Online lotteries flourish after 2011 change in Wire Act

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Internet gambling supporters rejoiced when the Justice Department — two days before Christmas in 2011 — changed its opinion on the Federal Wire Act and opened the doors for online wagering expansion across the United States.

However, the growth has been in state-run online lotteries, not poker or other casino games.

A study released this month by found Internet lottery is expanding on a much faster pace than Internet casino gaming. Last year, three states — Georgia, Michigan and Minnesota — began selling state lottery tickets over the Internet. More than...

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