Thai police bust online gambling site with 1.5 billion baht turnover

[webfact]

Picture: Daily News

 

Thai police announced that three places in Bangkok and Kamphaeng Phet had been raided in connection with a big online gambling operation.

 

It had a turnover of 250 million a month and in six months had done 1.5 billion baht worth of business.

 

Two women were arrested and assets were seized, though these were not itemized in the Daily News report.

 

The media said that the this gang linked their website via a live streaming link to a casino in Cambodia. 

 

It was run only by Thais. 

 

People can call the tech police on 1599 to report gambling violations 24/7, they noted. 

 

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[ChipButty]

Lets hope no big police are involved in this, 

[Gottfrid]

Let them play. Better with online than gambling dens.

[Excel]

5 minutes ago, ChipButty said:

Lets hope no big police are involved in this, 

You mean surely "how many big police " were involved in this

[hotchilli]

3 hours ago, webfact said:

It had a turnover of 250 million a month and in six months had done 1.5 billion baht worth of business.

Beats working at 7-11

[Burma Bill]

4 hours ago, webfact said:

It was run only by Thais

Yes, but managed by Chinese in the Cambodian casino??????

[KKr]

turnover is impressive at first sight, profitability depends much on the game played.

 

“” 

 

The house edge, the odds advantage in its favor, represents the average gross profit the casino can reliably expect to make from each game. On the games with the lowest house edge, the smallest advantage, a casino might only be generating about a 1% to 2% profit. On other games, it may make profits of up to 15 %to 25% or more.

“” 

 says :  https://www.investopedia.com/articles/personal-finance/110415/why-does-house-always-win-look-casino-profitability.asp

[Golden Triangle]

The government hates competition ????

[JeffersLos]

10 hours ago, ChipButty said:

Lets hope no big police are involved in this, 

They will be soon enough. 

[Meat Pie 47]

10 hours ago, Gottfrid said:

Let them play. Better with online than gambling dens.

But you can catch a virus online as well

[Gottfrid]

On 8/2/2021 at 5:33 PM, Meat Pie 47 said:

But you can catch a virus online as well

I forgive you! ????