Price to Hire Cyber Experts to Attack Website

The owner and operator of an illegal gambling website in South Korea hired two cyber security experts to attack a competing gambling site. South Korea’s National Police Agency stated that the owner of the illegal gambling site paid two men $911,000 (1 Billion South Korean Won) to attack the competitor. The cyber attack consisted of… Continue reading Price to Hire Cyber Experts to Attack Website

Examples of the Size of Illegal Gambling on the World Cup

Two cases of illegal gambling syndicates in Asia highlight the amount of money being wagered on the 2014 World Cup. Police in Macau broke up a ring that took in $645 Million during the opening matches. 22 people were arrested by police in China, Hong Kong and Malaysia. The syndicate was operating out of three… Continue reading Examples of the Size of Illegal Gambling on the World Cup

Estimated Illegal Gambling on the 2014 World Cup in Thailand

A survey by the University of the Thai Chamber of Commerce found that an estimated $1.3 Billion (43.5 Billion Thai Baht) in illegal gambling bets is expected to be placed in Thailand during the 2014 World Cup Tournament. By comparison, an estimated $789 Million (25.7 Billion Baht) is expected to be spent on consumer goods… Continue reading Estimated Illegal Gambling on the 2014 World Cup in Thailand

Illegal Online Gambling in Malaysia

Security officials estimate that illegal online gambling syndicates earn up to $2.4 Billion (7.9 Billion Malaysian Ringgit) a year from illegal gambling activities in Malaysia. Intelligence by enforcement agencies shows that online bookies are able to make a daily profit of $3,112 (10,000 Ringgit) from illegal gamblers in the Malaysia. A start-up gambling website with… Continue reading Illegal Online Gambling in Malaysia

Number of Arrests for Cheating at Las Vegas Casinos per year

According to security officials with the Nevada State Gaming Control Board, around 500 people are arrested each year for attempting to cheat at casinos in the state of Nevada. Out of the total number of arrested, nearly a third of those arrests are casino employees. Security experts stated that increased video technology and ultraviolet and… Continue reading Number of Arrests for Cheating at Las Vegas Casinos per year

Money Laundering Through Sports Betting

A study conducted by the International Centre for Sport Security and the Sorbonne in Paris stated that up to $140 Billion is bet on sporting events by people looking to launder money. Up to 80 percent of global sports betting takes place on illegal gambling markets, such as offshore books and unlicensed online casinos. The… Continue reading Money Laundering Through Sports Betting

Unreported Gaming Revenue in Macau

A gaming analyst in Macau told the South China Morning Post that an estimated $90 Billion in gaming revenue in Macau was unreported in 2013. Officially, the gaming industry and casinos in Macau reported $45 Billion in revenue in 2013. (Additional illegal gambling statistics.) One of the main methods of avoiding currency controls is through… Continue reading Unreported Gaming Revenue in Macau

Use of Online Gambling Sites to Launder Money

A threat intelligence report by McAfee has found that many cyber criminals are using online gambling sites to launder money that they have earned from ransomware and other cyber crimes. According to internet security researchers, criminals use VPNs and online currency such as Bitcoins to fund their accounts at online gambling sites. Due to the… Continue reading Use of Online Gambling Sites to Launder Money

‘Ndragheta Mafia Annual Revenue

According to research organization Demoskopika in Italy, the mafia syndicate ‘Ndrangheta collected $73 Billion (€53 Billion) in revenue in 2013. The various revenue streams for the syndicate is as follows: Drug Trafficking and Illegal Drug Sales: $33.3 Billion (€24.2 Billion). Illegal Waste Dumping: $27 Billion (€19.6 Billion). Extortion Payments: $3.9 Billion (€2.9 Billion). Embezzlement: $3.3… Continue reading ‘Ndragheta Mafia Annual Revenue

Types of Bets Placed at Illegal Casinos in India

According to a report by accounting firm KPMG and the Federation of Indian Chambers of Commerce and Industry, the estimated size of the illegal gambling market in India is worth $49 Billion (3 Trillion Rupees). In a report by Reuters news, most of the illegal casinos operated out of jewelry shops. This allows the bookmaker… Continue reading Types of Bets Placed at Illegal Casinos in India