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6 (Xinhua) -- Police in east China's Zhejiang Province arrested 63 people for organizing online football gambling involving around three billion yuan (438 million U.S. dollars). Police in the city of Ningbo received a tip-off about a gang setting up online casino in April. An initial investigation showed that the gang was led by a man surnamed Dai and run by different levels of agents who deduct different percentages from the gambling money brought to the website. In July, the police launched a raid and apprehended 38 suspects.
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Photo: Dave Rowland/Getty Images SkyCity’s bet on offshore online gambling lays bare the crapness of NZ’s law SkyCity want to open an online casino. What makes them any different from the sharks already here, asks Don Rowe. In a presentation to shareholders announcing a record $169.5 million net profit , SkyCity this week signalled their desire to launch an online casino. That’s despite legislation which on the face of it prohibits New Zealand forays into online gambling. But New Zealand’s casino giant appears to have found a workaround. The Gambling Act, which reads largely as a harm-reduction manifesto, is essentially toothless when it comes to regulating offshore operators, as Internal Affairs minister Tracey Martin told The Spinoff recently. Thus success for SkyCity in the online arena depends on either the law being changed law or finding a way under the existing rules to take on the competition. And judging by comments yesterday from Chief executive Graeme Stephens, SkyCity is opting for option two. “You’ve got to be pretty globally competent, if you are going into the online space, and we don’t have any of that competence today, so if we were going to do anything, I’m pretty confident it would have to be with a partner at least to start with,” he told Stuff . Notably, because offshore operators are outside of government jurisdiction, they are free to employ all manner of aggressive sales tactics, manipulative deposit incentives and near-ludicrous fund management terms – as detailed the Spinoff’s story on Jackpot City . When the Spinoff asked the minister about the legality of SkyCity’s course of action, Martin said she was unaware of any legal exposure SkyCity would face, and that the company would be free to enter into an arrangement with an offshore provider licensed in another jurisdiction. “This would likely put them on the same footing as any other offshore gambling operator and under current law, New Zealanders would be able to access those gambling products,” she said.
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