Tag: Illegal betting asia
Illegal betting in Asia could top $500 billion a year
September 18, 2013
The Age – Asian gambling houses believed to be behind Victoria’s match-fixing scandal are generating huge profits from an illegal betting market estimated by Interpol to top $500 billion a year. One of the world’s top sports investigators, Chris Eaton, said the money involved dwarfs the turnover from sport itself. He said the sport is under unprecedented attack from criminals and opportunists who conspire to manipulate the results of competitions around the world, to frequently win tens of millions of dollars a day. ”A vast majority of this money is being invested into the black and grey betting markets of…