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Gambling (again probably)


TheTeapot

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3 minutes ago, Two-lane said:

This is ManxForums. The story is whatever I want it to be.

That phrasing is typical of a press statement.

Gambling companies are immoral in my book. Happy to profit hugely from there misery. Yes they play the “oh let’s pretend we care” card but ultimately they’re in it for profit, nothing else.

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18 minutes ago, TheTeapot said:

To be fair he’s only a triad and a criminal according the most morally bankrupt government on earth. You have to be really careful with China and Russia to work out who the real criminals actually are. He’s diverting income from the Chinese government so he’s bound to be a criminal in their eyes. 

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57 minutes ago, offshoremanxman said:

To be fair he’s only a triad and a criminal according the most morally bankrupt government on earth. You have to be really careful with China and Russia to work out who the real criminals actually are. He’s diverting income from the Chinese government so he’s bound to be a criminal in their eyes. 

From that very article:

A very different picture of [Chau] emerged from a report which former New South Wales Supreme Court judge Patricia Bergin tabled in the New South Wales Parliament in February 2021. The report’s primary aim was to investigate suspicions of money-laundering in the operations of the Australian Crown Casino Group, with whom Chau had been doing business since 2009 (*).

Quoting due diligence reports from four different business intelligence agencies (which had been commissioned by Crown themselves between 2017 and 2020), Bergin stated that “Alvin Chau was a former triad member and had continued associations with former triad members”, “a henchman” who had been “in charge of loan-sharking and gambling for Wan Kuok-Koi” and had “started his own gang” after his mentor was jailed in 1999. She herself concluded that “Alvin Chau had a former association with the 14K Triad group and continued his associations with the members of Triads groups” and that “there were clearly links between Mr Chau, the SunCity Junket and organised crime groups”.

Or is New South Wales "the most morally bankrupt government on earth".

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15 hours ago, Steve_Christian said:

The story is concerned about e gaming companies linked to China sponsoring premiere league clubs. There’s no question of corporate improprieties with the company in the IOM. 

The company is based here and continues to create bad publicity for the island even though it’s not licensed here and not representative of the good work done by many people in the sector here. I have raised this with certain people already. Maybe the court case will now change things. I would also hope the loophole gets closed soon. 

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Interesting report.  But I fail really to see how the IOM is to blame.  

Asians love to bet.  That money is mostly coming from Asia. 

It's all going into UK football, who it seems will get in bed with absolutely anyone in the name of making a profit.  Just look at the contracts for these imbeciles who kick a ball really good, or the recent world cup.  

I think if someone wants to look for a villain in the industry, they should look at the above. 

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20 hours ago, The Phantom said:

Interesting report.  But I fail really to see how the IOM is to blame.  

It isn't.

To advertise in the UK, the operators need a UK licence. So they piggyback off TGP Europe, who hold a UK licence.

 

But the white label TGP website is only for the UK. For the rest of the world, they'll use a different website, one the operator runs themselves.

 

The UK licence TGP Europe and the white label arrangements, so if the UK don't agree with it there's an easy solution.

 

 

Edited by Ringy Rose
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On 8/14/2021 at 11:48 AM, Amadeus said:

Interesting how he only casually mentions Bet£3.65 and Flutter like they're the good guys and seems unaware of their involvement in the Asian gambling space he then writes about. He clearly knows a few things but to me it seems no more than anyone who works in the industry for a certain amount of time or at a certain level. There are large chunks of knowledge missing and it's clear this was mostly an "investigation by google". 

I too am unaware of BET365 and Flutter's involvement in the Asian gambling space. I think there may have once been a tie in to Macau in the form of poker tournament - but not sure of the ins and outs except believe it was short-lived. Would honestly like enlightenment of any involvement - thanks!

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2 hours ago, SuffolkNGoode said:

I too am unaware of BET365 and Flutter's involvement in the Asian gambling space. I think there may have once been a tie in to Macau in the form of poker tournament - but not sure of the ins and outs except believe it was short-lived. Would honestly like enlightenment of any involvement - thanks!

Try looking at websites or use google!’

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4 hours ago, Ringy Rose said:

It isn't.

To advertise in the UK, the operators need a UK licence. So they piggyback off TGP Europe, who hold a UK licence.

But the white label TGP website is only for the UK. For the rest of the world, they'll use a different website, one the operator runs themselves.

The UK licence TGP Europe and the white label arrangements, so if the UK don't agree with it there's an easy solution.

And that's what pisses me off. The loophole is still there and the review keeps getting kicked into the long grass. In the meanwhile these clowns continue to create bad publicity for the island even though they have nothing to do with the well run regulatory environment here. 

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4 hours ago, SuffolkNGoode said:

I too am unaware of BET365 and Flutter's involvement in the Asian gambling space. I think there may have once been a tie in to Macau in the form of poker tournament - but not sure of the ins and outs except believe it was short-lived. Would honestly like enlightenment of any involvement - thanks!

Oh if you knew :) 

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6 hours ago, The Phantom said:

It's all going into UK football, who it seems will get in bed with absolutely anyone in the name of making a profit.  Just look at the contracts for these imbeciles who kick a ball really good, or the recent world cup.  

Agreed online sports betting has completely destroyed UK football. 

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