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Visakhapatnam: Women indulge in gambling

George Miller

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Visakhapatnam: Women indulge in gambling
Gambling is on the rise in the city of Visakhapatnam and interestingly, women are indulging in playing cards and cricket betting.
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Gambling is increasing in the Visakhapatnam ( also known as Vizag and Waltair is the largest city and the financial capital of the Indian state of Andhra Pradesh) and interestingly, women are indulging in playing cards and cricket betting. The police says that not just the women of elite society but those of the upper middle-class  too are involved in gambling in the name of kitty parties. In 2017, over 115 cases of gambling were registered in Vizag city and 766 persons, including women, were arrested and in all, Rs 43 lakh cash was seized by the vity task force police in the raids.

A senior police officer said that over 100 women were caught by the police in the past three years for their involvement in gambling and betting. There are around 20 big gambling organisers in the city and they attract the upper middle-class and rich people in the city, he added. Revealing that organised gambling is on rising in Vizag, ACP (task force) I. Chittibabu said that gambling need not be all men game as some women are also playing the cards at various places in the city.

Vizagites have been addicted to gambling since long but the latest development is women too indulging in it. In some cases, women are borrowing money ranging from `50,000 to `5 lakh at high interests for gambling, he added. Though we have been counselling the women about the risks (financial and security and others) involved in gambling with men, there is not much impact on them.

Sometimes, the women, caught by the police, for gambling  request cops not to register cases, said a sub-inspector associated with CTF. “Sometimes it is difficult to gain entry into posh localities and invade influential families where gambling is taking place,” the police said.  Due to availability of easy money and leisure time, upper middle-class women are getting involved in gambling, says R.N. Madhavi, leader of a women’s organisation in the city. The tech-savvy women are playing online rummy considering safe and not known to their spouses.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Asia

Hokkaido’s prospects to win Japanese IR bid in doubt

Niji Ng

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Hokkaido’s prospects to win Japanese IR bid in doubt
Photo Source: ameristar.com
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Harumi Takahashi, the governor of Hokkaido Prefecture in Japan, has announced that she will not be contesting for a fifth term next spring. Her departure would land a serious blow to prospects the prefecture becoming an IR destination.

Her departure means that there will be a new governor in Sapporo next spring. Most likely it will be a contest between a conservative ruling party-backed candidate and a united opposition candidate, though no one has yet declared.

Pro-IR forces are thus losing the power of incumbency in a prefecture in which opposition parties have historically performed better in elections than they do at the national level.

Next spring, the unified local elections will include both the gubernatorial race and the assembly elections. Conservative forces will likely need to win both contests for the IR plans to go forward.

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Asia

Operator Donaco to conduct a strategic review

Niji Ng

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Operator Donaco to conduct a strategic review
Photo Source: asgam.com
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Donaco International, which operates of Star Vegas Resort and Club and other locations in Vietnam and Cambodia, is planning to conduct a strategic review of its activities, as its present share price is not in sync with its assets.

In a statement issued last week, Donaco said that it is considering various ways to eliminate or restructure its bank debt and free cash flow to conduct capital management initiatives. The total debt owing is US$39.9m, secured against the assets of the Star Vegas business, not its Aristo business.

It said that discussions are under way with “several parties” who have put forward proposals to unlock the value of the company’s assets and provide value to shareholders. It is expected that the strategic review will be issued in around three months.

The Star Vegas Resort and Club is a casino in Poipet, Cambodia, on the border with Thailand and was established in 1999. It is the largest of the Poipet casino hotels with more than 100 tables and 1400 slots. The Aristo International Hotel is a casino in northern Vietnam, close to the Chinese border, and was established in 2002. It is now a five-star casino resort with 400 rooms.

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Illegal gambling ring collected in Singapore collected $20m in 9 years

Niji Ng

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Illegal gambling ring collected in Singapore collected $20m in 9 years
Image Source: robsimple.wordpress.com
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An ongoing court case in Singapore revealed that an illegal gambling syndicate had collected between $9.7 million and $20.2 million from its customers in a span of nine years starting from 2007.

Lim Teng Kok, one among the operators, pleaded guilty to three offences under the new Organised Crime Act, which was passed in Parliament in 2015 and took effect in June 2016.

Lim, 68, also admitted to two other charges involving illegal gambling activities.

There were allegedly more than 30 persons involved in illegal remote gambling services. All of them were arrested.

DPP Teo told District Judge Ng Peng Hong: “The accused would get a commission of 10 per cent of the total bets collected from his own punters. If the accused’s punters struck lottery, he would receive an additional 5 per cent of the winning amount.”

She added that Lim later had 80 punters placing illegal bets with him. Over time, he became a “master agent” and recruited a pool of about 15 agents under him. These agents would then collect illegal bets from punters.

The court heard that Lim earned more than $200,000 in commission between 2007 and 2015 in total.

DPP Teo urged Judge Ng to sentence him to five years and four months’ jail with a fine of $288,000. She said the court should send a strong message to deter others from committing similar offences.

Defence lawyer Steven Lam pleaded for his client to be handed a jail sentence of between three years and eight months and four years, with a $200,000 fine. He said Lim committed the offences due to dire financial circumstances and had to raise funds to treat his daughter’s kidney failure.

Lim was offered bail of $15,000 and is expected to be sentenced on Jan 15 next year.

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